Geode Capital Management LLC Has $389,000 Stake in Phunware, Inc. (NASDAQ:PHUN)

Geode Capital Management LLC increased its position in shares of Phunware, Inc. (NASDAQ:PHUN) by 36.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,767 shares of the company’s stock after purchasing an additional 30,507 shares during the period. Geode Capital Management LLC’s holdings in Phunware were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Insiders Place Their Bets

In other news, Director Rahul Mewawalla sold 29,595 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $5.15, for a total value of $152,414.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Ascendiant Capital Markets reduced their target price on shares of Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. HC Wainwright downgraded shares of Phunware from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $6.00 in a report on Tuesday, November 12th.

Phunware Trading Up 0.4 %

Shares of NASDAQ PHUN opened at $5.29 on Monday. The stock’s fifty day moving average is $4.96 and its 200 day moving average is $4.82. Phunware, Inc. has a 52 week low of $2.85 and a 52 week high of $24.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.80 and a current ratio of 3.80.

About Phunware

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.