Phunware, Inc. (NASDAQ:PHUN – Get Rating) Director Eric Manlunas sold 16,080 shares of Phunware stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $1.13, for a total transaction of $18,170.40. Following the completion of the sale, the director now directly owns 102,361 shares in the company, valued at approximately $115,667.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Phunware Price Performance
Shares of NASDAQ PHUN traded down $0.01 during midday trading on Tuesday, hitting $1.09. The company had a trading volume of 3,786,117 shares, compared to its average volume of 6,741,339. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. Phunware, Inc. has a twelve month low of $1.00 and a twelve month high of $4.04. The business has a 50-day simple moving average of $1.26 and a two-hundred day simple moving average of $1.35. The firm has a market capitalization of $111.86 million, a price-to-earnings ratio of -1.36 and a beta of 10.45.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. HC Wainwright lowered their target price on shares of Phunware from $5.50 to $3.50 and set a “buy” rating on the stock in a report on Monday, August 15th. Ascendiant Capital Markets reduced their price objective on shares of Phunware to $5.00 in a research note on Wednesday, November 16th.
Institutional Trading of Phunware
Several hedge funds and other institutional investors have recently made changes to their positions in PHUN. Virtu Financial LLC acquired a new position in Phunware during the second quarter worth about $200,000. Vanguard Group Inc. raised its position in Phunware by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,423,387 shares of the company’s stock worth $9,517,000 after acquiring an additional 134,012 shares during the last quarter. Vontobel…
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