Phunware, Inc. (NASDAQ:PHUN – Get Free Report) CEO Michael Snavely bought 3,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $6.50 per share, with a total value of $19,500.00. Following the acquisition, the chief executive officer now owns 26,143 shares in the company, valued at approximately $169,929.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Snavely also recently made the following trade(s):
- On Thursday, March 14th, Michael Snavely acquired 2,500 shares of Phunware stock. The shares were purchased at an average cost of $9.04 per share, with a total value of $22,600.00.
Phunware Stock Performance
Shares of PHUN traded up $0.34 during trading hours on Friday, hitting $6.89. The company had a trading volume of 220,621 shares, compared to its average volume of 2,870,281. Phunware, Inc. has a one year low of $3.50 and a one year high of $32.12. The company’s fifty day moving average price is $7.61 and its two-hundred day moving average price is $8.65. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.06.
Analysts Set New Price Targets
A number of research firms recently commented on PHUN. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of Phunware in a research note on Monday. Roth Mkm restated a “buy” rating and set a $20.00 target price (down previously from $25.00) on shares of Phunware in a research report on Wednesday, March 13th. Finally, Ascendiant Capital Markets reduced their price target on Phunware from $75.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, April 1st.
Get Our Latest Analysis on PHUN
Hedge Funds Weigh In On Phunware
A hedge fund recently bought a new stake in Phunware stock. Virtu Financial LLC purchased a new stake in Phunware, Inc. (NASDAQ:PHUN – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned about 0.12% of Phunware as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 7.57% of the company’s stock.
Phunware Company Profile
Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.
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