Phunware Inc. (NASDAQ:PHUN) marched up 4.4% compared to a 52-week low price of $5. The shares were last seen trading -3.33% lower, taking the closing price at $5.22 on 4/10/2019. At a recent session, the prices were hovering between $5.12 and $5.589. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $192.36M. The recent change has given its price a -92.19% deficit over SMA 50 and -99.05% deficit over its 52-week high. The stock witnessed -90.05% declines, -97.63% declines and -49.71% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PHUN’s volatility during a week at 14.04% and during a month it has been found around 38.01%.Phunware Inc. (PHUN) Top Holders
Institutional investors currently hold around $12 million or 16.7% in PHUN stock. Look at its top three institutional owners: Firsthand Capital Management, Inc. owns $8.07 million in Phunware Inc., which represents roughly 4.2% of the company’s market cap and approximately 67.28% of the institutional ownership. Similar statistics are true for the second largest owner, Battery Partners Ix, Llc, which owns 588,327 shares of the stock are valued at $3.18 million. The third largest holder is Berkley W R Corp, which currently holds $520 thousand worth of this stock and that ownership represents nearly 0.27% of its market capitalization.
At the end of December reporting period, 3 institutional holders increased their position in Phunware Inc. (NASDAQ:PHUN) by some 2,083,940 shares, 9 decreased positions by 1,170,746 and 1 held positions by -1,074,246. That puts total institutional holdings at 2,180,440 shares, according to SEC filings. The stock grabbed 2 new institutional investments totaling 2,083,440 shares while 9 institutional investors sold out their entire positions totaling 1,170,746 shares.
Phunware, Inc. (PHUN) on March 20, 2019 announced financial results for the year ended December 31, 2018.
Full Year 2018 Financial Highlights
• Net revenues increased 16% year-over-year to $30.9 million
• Platform subscriptions and services revenue increased 18% to $19.4 million
• Gross profit was $19.1 million, or 61.8% of net revenues, an $8.1 million increase, or 20.6 percentage points, over the prior year
• Non-GAAP Adjusted EBITDA improved by $15.5 million to ($8.6) million compared to the prior year
• Net loss per share improved $0.68 per share to ($0.38) compared to ($1.06) the prior year