Price Action Report: Is Selling Mobileiron Inc Here a Winning Strategy?

Price Action Report: Is Selling Mobileiron Inc Here a Winning Strategy?

The stock of Mobileiron Inc (NASDAQ:MOBL) is a huge mover today! The stock closed at $4.1 during the last session. It is down 10.28% since April 14, 2016 and is downtrending. It has underperformed by 14.97% the S&P500.
The move comes after 6 months negative chart setup for the $360.44M company. It was reported on Nov, 16 by Barchart.com. We have $3.69 PT which if reached, will make NASDAQ:MOBL worth $36.04 million less.

Mobileiron Inc (NASDAQ:MOBL) Ratings Coverage

Out of 8 analysts covering MobileIron (NASDAQ:MOBL), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. MobileIron has been the topic of 15 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Wunderlich maintained Mobileiron Inc (NASDAQ:MOBL) on Friday, October 28 with “Hold” rating. Wunderlich maintained Mobileiron Inc (NASDAQ:MOBL) on Friday, April 29 with “Buy” rating. The stock has “Hold” rating given by Wunderlich on Tuesday, September 13. The stock has “Hold” rating given by Deutsche Bank on Friday, September 4. Barclays Capital downgraded Mobileiron Inc (NASDAQ:MOBL) rating on Friday, July 15. Barclays Capital has “Underweight” rating and $3 price target. Morgan Stanley maintained it with “Equal-Weight” rating and $2.75 target price in Monday, September 19 report. The company was initiated on Tuesday, April 5 by Sterne Agee CRT. Imperial Capital maintained it with “Outperform” rating and $4.50 target price in Thursday, May 12 report. The firm has “Neutral” rating given on Wednesday, September 9 by Goldman Sachs. The stock has “Buy” rating given by Zacks on Tuesday, August 11.

According to Zacks Investment Research, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California.”

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.21, from 1.56 in 2016Q1. The ratio is negative, as 9 funds sold all Mobileiron Inc shares owned while 17 reduced positions. 4 funds bought stakes while 31 increased positions. They now own 43.29 million shares or 0.14% more from 43.23 million shares in 2016Q1.
Citigroup holds 0% or 14,592 shares in its portfolio. Maplelane Capital Limited Liability Corporation owns 664,311 shares or 0.09% of their US portfolio. Goldman Sachs last reported 36,523 shares in the company. Ubs Oconnor Ltd Llc holds 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL) for 166,459 shares. Menta Cap Lc owns 32,080 shares or 0.01% of their US portfolio. Voya Mgmt has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Citadel Advsrs Ltd Liability Corporation has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Manufacturers Life Insurance The accumulated 0% or 37,815 shares. Bank Of Montreal Can has invested 0% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Renaissance Tech Ltd Liability Corp accumulated 0% or 386,800 shares. Caisse De Depot Et Placement Du Quebec accumulated 0.01% or 1.45M shares. Essex Inv Limited Liability Company has invested 0.09% of its portfolio in Mobileiron Inc (NASDAQ:MOBL). Institutional Venture Xiii Limited Liability Com has 1.46M shares for 3.35% of their US portfolio. Millennium Mgmt Limited Liability Corp has 0% invested in the company for 107,026 shares. Stevens Capital Management Ltd Partnership, a Pennsylvania-based fund reported 10,566 shares.

More news for Mobileiron Inc (NASDAQ:MOBL) were recently published by: Prnewswire.com, which released: “MobileIron Announces Fiscal Fourth Quarter and Full Year 2015 Financial Results” on February 04, 2016. Seekingalpha.com‘s article titled: “MobileIron: Turnaround Play Holds Substantial Upside” and published on October 12, 2016 is yet another important article.

MOBL Company Profile

MobileIron, Inc., formerly Mobile Iron, Inc., incorporated on July 23, 2007, provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Firm offers its clients the flexibility to use its software as a cloud service or to deploy it on premise. The Company’s clients include a range of industries, such as financial services, government, healthcare, legal, manufacturing, professional services, retail, technology and telecommunications. The Company’s platform is composed of over three integrated and distributed software components, including a mobile IT policy server or Core that allows IT departments to define security and device management policies across mobile operating systems; software on the device or Client that carries out policies at the mobile end-point, and an in-line gateway or Sentry that secures data as it moves between the device and back-end enterprise systems. The platform’s components work together to provide end-to-end security for enterprise data by implementing IT policies defined in Core on the data-at-rest through Client and data-in-motion with Sentry.

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