Phunware Inc (NASDAQ:PHUN) CEO Alan S. Knitowski Purchases 21,750 Shares

Phunware Inc (NASDAQ:PHUN) CEO Alan S. Knitowski purchased 21,750 shares of the business’s stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $1.15 per share, with a total value of $25,012.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of PHUN traded down $0.07 during midday trading on Monday, reaching $1.19. 902,221 shares of the stock were exchanged, compared to its average volume of 511,765. Phunware Inc has a twelve month low of $1.11 and a twelve month high of $550.00. The firm has a 50 day moving average of $1.84.

Phunware (NASDAQ:PHUN) last posted its earnings results on Tuesday, August 13th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $5.51 million during the quarter.



Several institutional investors and hedge funds have recently bought and sold shares of the company. BBR Partners LLC acquired a new stake in shares of Phunware during the second quarter worth $34,000. Tower Research Capital LLC TRC acquired a new stake in shares of Phunware during the second quarter worth $43,000. Sfmg LLC acquired a new stake in shares of Phunware during the second quarter worth $29,000. Morgan Stanley lifted its holdings in shares of Phunware by 1,049.3% during the second quarter. Morgan Stanley now owns 64,279 shares of the company’s stock worth $200,000 after buying an additional 58,686 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Phunware during the second quarter worth $584,000. 7.74% of the stock is owned by institutional investors.

Separately, ValuEngine raised Phunware from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

About Phunware

Phunware Inc, together with its subsidiaries, provides Multiscreen-as-a-Service (Maas) and Data-as-a-Service (DaaS) enterprise software platform for mobile devices. Its platform enables brands to engage, manage, and monetize their mobile application portfolios. The company offers Cloud-Based Mobile Software Development Kits (SDKs), which include location-based services, mobile engagement, content management, messaging, advertising, and analytics; and mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application solutions.

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