Powerfleet, Inc. (NASDAQ:AIOT) Insider Catherine J. Lewis Sells 82,010 Shares

Powerfleet, Inc. (NASDAQ:AIOT) insider Catherine J. Lewis sold 82,010 shares of Powerfleet stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $7.05, for a total value of $578,170.50. Following the completion of the transaction, the insider now owns 240,962 shares of the company’s stock, valued at approximately $1,698,782.10. The trade was a 25.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Powerfleet Price Performance

Shares of NASDAQ:AIOT traded up $0.12 during trading hours on Monday, hitting $7.02. The stock had a trading volume of 1,667,493 shares, compared to its average volume of 906,409. The firm has a fifty day moving average price of $5.77. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.25. Powerfleet, Inc. has a 1-year low of $2.22 and a 1-year high of $7.38.

Powerfleet (NASDAQ:AIOT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $77.02 million during the quarter, compared to analyst estimates of $74.54 million. During the same period last year, the business earned ($0.14) earnings per share. Analysts anticipate that Powerfleet, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Northland Securities raised their price target on Powerfleet from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Barrington Research increased their target price on Powerfleet from $10.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, William Blair reissued an “outperform” rating on shares of Powerfleet in a report on Thursday, November 21st.

Powerfleet Company Profile

PowerFleet, Inc provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications.