Phunware Inc (NASDAQ:PHUN) COO Randall Crowder purchased 19,203 shares of Phunware stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $1.30 per share, with a total value of $24,963.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Phunware stock traded up $0.09 during mid-day trading on Wednesday, reaching $1.31. 2,234,007 shares of the stock traded hands, compared to its average volume of 525,527. The company has a 50-day moving average price of $1.79. Phunware Inc has a fifty-two week low of $1.11 and a fifty-two week high of $550.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.26 and a quick ratio of 0.26.

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

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

Several large investors have recently bought and sold shares of PHUN. BlackRock Inc. acquired a new stake in shares of Phunware in the second quarter valued at approximately $584,000. Morgan Stanley grew its position in Phunware by 1,049.3% in the second quarter. Morgan Stanley now owns 64,279 shares of the company’s stock worth $200,000 after acquiring an additional 58,686 shares during the period. Sfmg LLC purchased a new position in Phunware in the second quarter worth approximately $29,000. Tower Research Capital LLC TRC purchased a new position in Phunware in the second quarter worth approximately $43,000. Finally, Cresset Asset Management LLC purchased a new position in Phunware in the second quarter worth approximately $42,000. 7.74% of the stock is owned by hedge funds and other institutional investors.

Phunware Company Profile

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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