Troy Lee Reisner Purchases 2,500 Shares of Phunware, Inc. (NASDAQ:PHUN) Stock

Phunware, Inc. (NASDAQ:PHUNGet Free Report) CFO Troy Lee Reisner bought 2,500 shares of the stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of $5.76 per share, for a total transaction of $14,400.00. Following the acquisition, the chief financial officer now owns 16,500 shares in the company, valued at approximately $95,040. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Troy Lee Reisner also recently made the following trade(s):

  • On Thursday, March 14th, Troy Lee Reisner bought 2,000 shares of Phunware stock. The shares were bought at an average price of $8.76 per share, for a total transaction of $17,520.00.

Phunware Trading Down 5.1 %

Shares of Phunware stock opened at $5.41 on Friday. Phunware, Inc. has a fifty-two week low of $3.50 and a fifty-two week high of $30.50. The business’s fifty day moving average is $6.85 and its two-hundred day moving average is $8.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.77 and a quick ratio of 2.77.

Phunware (NASDAQ:PHUNGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.05. The business had revenue of $0.92 million for the quarter, compared to analyst estimates of $1.15 million. Phunware had a negative return on equity of 403.47% and a negative net margin of 257.36%. During the same period last year, the company posted ($3.50) EPS. On average, research analysts predict that Phunware, Inc. will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on PHUN. HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Phunware in a report on Monday, May 20th. Roth Mkm reissued a “buy” rating and set a $20.00 price target (down previously from $25.00) on shares of Phunware in a research note 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 research note on Monday, April 1st.

Get Our Latest Analysis on PHUN

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phunware stock. Virtu Financial LLC acquired a new stake in Phunware, Inc. (NASDAQ:PHUNFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned 0.12% of Phunware at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.57% of the company’s stock.

Phunware Company Profile

(Get Free Report)

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.

Further Reading

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