Do Hedge Funds Love Mobileiron Inc (MOBL)?

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As one would reasonably expect, key hedge funds were breaking ground themselves. Thrax Management, led by Sheetal Duggal, established the most valuable position in Mobileiron Inc (NASDAQ:MOBL). Thrax Management had $0.1 million invested in the company at the end of the quarter. Michael Platt and William Reeves’s BlueCrest Capital Mgmt. also initiated a position during the quarter.

Let’s check out hedge fund activity in other stocks similar to Mobileiron Inc (NASDAQ:MOBL). We will take a look at Datalink Corporation (NASDAQ:DTLK), Tandem Diabetes Care Inc (NASDAQ:TNDM), Enzo Biochem, Inc. (NYSE:ENZ), and vTv Therapeutics Inc (NASDAQ:VTVT). This group of stocks’ market caps match MOBL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DTLK 13 25588 2
TNDM 12 34239 1
ENZ 12 17117 0
VTVT 3 2485 0

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $11 million in MOBL’s case. Datalink Corporation (NASDAQ:DTLK) is the most popular stock in this table. On the other hand vTv Therapeutics Inc (NASDAQ:VTVT) is the least popular one with only 3 bullish hedge fund positions. Mobileiron Inc (NASDAQ:MOBL) is not the least popular stock in this group but hedge fund interest is just average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DTLK might be a better candidate to consider taking a long position in.

Disclosure: None

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