Exploring Phunware, Inc. (PHUN) Investor Profile: Who’s Buying and Why?

Have you ever wondered who the major players are behind Phunware, Inc. (PHUN), and what drives their investment decisions? As of December 31, 2024, institutional investors held a total of 2,250,226 shares. The largest shareholders include Vanguard Group Inc and BlackRock, Inc. BlackRock, Inc. increased their ownership by 121.34% during the quarter, holding 533,966 shares valued at $2,776,623 USD. But what does this mean for the company's future, especially considering its financials, where the net loss from continuing operations was $10.3 million for the year ended December 31, 2024? Let's delve into the investor profile of Phunware (PHUN) to uncover who is investing and, more importantly, why.

Phunware, Inc. (PHUN) Who Invests in Phunware, Inc. (PHUN) and Why?

Understanding the investor profile of Phunware, Inc. (PHUN) involves examining the various types of investors who hold the company’s stock and their motivations. These investors range from individual retail investors to large institutional holders, each with different investment strategies and objectives.

Key Investor Types:

The investor base of Phunware, Inc. (PHUN) can be segmented into several key types:

• Retail Investors: These are individual investors who buy and sell shares for their own accounts. Retail investors may be attracted to Phunware, Inc. (PHUN) due to its growth potential in the mobile software and technology space.
• Institutional Investors: These include investment banks, mutual funds, pension funds, and hedge funds that manage large sums of money on behalf of others. Institutional investors often conduct extensive research before investing and can hold significant stakes in a company.
• Hedge Funds: These are actively managed investment funds that may use a variety of strategies, including short-term trading, to generate returns. Hedge funds may invest in Phunware, Inc. (PHUN) if they identify short-term opportunities or believe the company is undervalued.

Investment Motivations:

Several factors might attract investors to Phunware, Inc. (PHUN):

• Growth Prospects: Investors may be drawn to Phunware, Inc. (PHUN) due to its potential for growth in the mobile software and technology sectors. The company's focus on developing innovative solutions for mobile experiences could be seen as a significant growth driver.
• Market Position: Phunware, Inc. (PHUN)'s position in the market and its ability to compete with other players can influence investor interest. A strong market position may suggest stability and potential for future success.

Investment Strategies:

The strategies employed by investors in Phunware, Inc. (PHUN) can vary widely:

• Long-Term Holding: Some investors may adopt a long-term holding strategy, believing in the company's future growth and potential. These investors typically hold onto their shares for an extended period, aiming to benefit from the company's long-term success.
• Short-Term Trading: Other investors may engage in short-term trading, seeking to profit from short-term price fluctuations. This strategy involves buying and selling shares within a shorter timeframe to capitalize on market volatility.
• Value Investing: Value investors look for companies that they believe are undervalued by the market. If investors perceive Phunware, Inc. (PHUN) to be trading below its intrinsic value, they may invest with the expectation that the market will eventually recognize its true worth.

Understanding the composition and motivations of Phunware, Inc. (PHUN)’s investor base provides valuable insights into market sentiment and potential future stock performance. By analyzing who is investing and why, stakeholders can gain a more comprehensive view of the company’s prospects.

For more insights into Phunware, Inc. (PHUN)'s mission, vision, and core values, refer to: Mission Statement, Vision, & Core Values of Phunware, Inc. (PHUN).

Phunware, Inc. (PHUN) Institutional Ownership and Major Shareholders of Phunware, Inc. (PHUN)

Understanding the ownership structure of Phunware, Inc. (PHUN) is crucial for investors as it can impact the company's decision-making, stock price, and overall strategy. Large institutional investors can exert influence on the company's management through their voting rights and can also affect the stock price with their buying and selling patterns.

As of April 2025, the ownership structure of Phunware (PHUN) stock is a mix of institutional, retail, and insider ownership.

• Institutional Investors: Approximately 10.91% of Phunware's stock is held by institutional investors. However, other sources indicate lower percentages, around 0.60% or 4.74%.
• Insiders: Insiders own about 68.00% of the company's stock.
• Retail Investors: A significant portion, approximately 21.09% to 89.64%, is held by retail investors.

According to WallStreetZen, George Syllantavos is the largest individual shareholder, owning 2.04 million shares, representing 10.11% of the company, with an approximate value of $5.30 million as of April 2025.

Top Institutional Investors

Several institutions have reported holdings in Phunware, Inc. (PHUN). According to Fintel, these institutions collectively hold 2,250,226 shares. Some of the largest shareholders include:

• Vanguard Group Inc
• BlackRock, Inc.
• VTSMX - Vanguard Total Stock Market Index Fund Investor Shares
• VEXMX - Vanguard Extended Market Index Fund Investor Shares
• Geode Capital Management, Llc
• Susquehanna International Group, Llp
• UBS Group AG
• Soviero Asset Management, LP
• Two Sigma Investments, Lp

Additional institutional investors and their holdings as of December 31, 2024, include:

Changes in Ownership

Institutional ownership in Phunware has seen some notable changes. For instance, BlackRock, Inc. reported a 121.34% increase in ownership during a quarter, with holdings of 533,966 shares valued at $2,776,623 USD as of December 31, 2024. This indicates a significant accumulation of shares by BlackRock during that period. Geode Capital Management LLC increased its holdings by 87.9%.

However, it's important to note that Vanguard Group Inc. decreased its holdings by 91.6% to 404,194 shares as of May 10, 2024.

Impact of Institutional Investors

The presence and activities of large institutional investors can have several effects on Phunware's stock:

• Stock Price Volatility: Significant buying or selling by institutional investors can lead to increased stock price volatility.
• Strategic Influence: Major shareholders may influence the company's strategic decisions, potentially pushing for changes in business direction or corporate governance.
• Investor Confidence: Increased institutional ownership can signal confidence in the company's prospects, attracting more investors.

Despite some positive analyst ratings in the past, analysts' current price targets still exceed Phunware's share price by over 300%.

For further insights into Phunware, Inc.'s financial health, consider reading: Breaking Down Phunware, Inc. (PHUN) Financial Health: Key Insights for Investors

Phunware, Inc. (PHUN) Key Investors and Their Impact on Phunware, Inc. (PHUN)

Understanding the investor profile of Phunware, Inc. (PHUN) provides crucial insights into the company's stability, growth potential, and strategic direction. Examining who is investing in Phunware, Inc. (PHUN) and their recent activities can reveal a lot about market sentiment and future expectations.

While specific, real-time details on all investors and their precise holdings can fluctuate and may not always be publicly accessible, we can explore the types of investors and their potential impact based on available information.

Institutional investors, such as hedge funds, mutual funds, and pension funds, often hold significant stakes in publicly traded companies like Phunware, Inc. (PHUN). These investors conduct thorough research before investing, and their decisions can influence stock prices. Their participation often signals confidence in the company's long-term prospects, although it's important to note that their holdings can change frequently.

Individual investors also play a role in Phunware, Inc. (PHUN)'s stock ownership. These investors can range from retail traders to high-net-worth individuals. Monitoring online forums, social media, and investor communities can provide insight into the sentiment of retail investors toward Phunware, Inc. (PHUN).

Here are potential types of investors and their possible impact:

• Vanguard Group: As a major institutional investor, Vanguard's stake in Phunware, Inc. (PHUN), if any, would reflect a long-term investment strategy. Their actions are typically driven by index tracking or fundamental analysis.
• BlackRock Fund Advisors: Similar to Vanguard, BlackRock's investment decisions are often based on broader market trends and portfolio diversification.
• State Street Corp: State Street's investment strategies usually involve passively managed funds, indicating a stable, long-term outlook.
• Activist Investors: While not always present, activist investors can take significant positions in a company to influence management decisions. Their involvement can lead to strategic shifts or operational improvements.

Key investors can exert considerable influence on Phunware, Inc. (PHUN). Large institutional holders can impact stock movements through block trades. Moreover, their voting power allows them to influence corporate governance matters, such as board elections and executive compensation. Activist investors may push for strategic changes like asset sales, cost reductions, or changes in capital allocation.

Recent moves by major investors, such as buying or selling large blocks of shares, are closely watched by the market. Significant purchases can drive up the stock price, signaling confidence in the company's future, while large sales may indicate concerns about its prospects. Activist investors might publicly announce their positions and strategies, which can create substantial market buzz and influence.

Keeping track of investor activity requires continuous monitoring of SEC filings (such as 13F filings), news reports, and financial analysis platforms. These sources provide information on institutional holdings, insider transactions, and any activist investor involvement. Analyzing these details helps stakeholders understand the dynamics of Phunware, Inc. (PHUN)’s investor base and its potential impact on the company.

For insights into the company's goals, review Mission Statement, Vision, & Core Values of Phunware, Inc. (PHUN).

Phunware, Inc. (PHUN) Market Impact and Investor Sentiment

Investor sentiment and market reactions significantly influence Phunware, Inc.'s (PHUN) stock performance. Understanding these dynamics provides valuable insights for investors. Here's an overview of the current investor sentiment, recent market reactions, and analyst perspectives regarding Phunware.

Investor Sentiment:

• The sentiment of major shareholders toward Phunware appears mixed.
• TipRanks data indicates that approximately 4.74% of the company's stock is owned by Institutional Investors, 0.53% by Insiders, and 5.09% by Public Companies and Individual Investors.
• INDmoney reported that Indian investors' search interest in Phunware stock has increased by 50% in the last 30 days (from March 14, 2025, to April 13, 2025), suggesting a growing interest.
• An analysis from early April 2025 noted a mixed market sentiment, with excitement around AI initiatives balanced by concerns about leadership changes. Additionally, a significant number of investors were betting against the stock.

Recent Market Reactions:

• Phunware's stock price has experienced considerable volatility.
• As of April 15, 2025, the share price was $2.60, compared to $6.38 on April 16, 2024, representing a 59.25% decline over that period.
• In the last 3 months, PHUN stock has moved down by -52.6%.
• On October 31, 2024, the announcement of a leadership change (Michael Snavely stepping down as CEO) led to a steep decline in Phunware's stock price, plunging over 10%.
• Conversely, on October 23, 2024, the stock soared by 17.77% due to positive market sentiment surrounding its strategic move into digital transformation.
• Recent news and filings, including those related to equity offerings, have influenced stock price fluctuations.

Analyst Perspectives:

• Analysts' opinions on Phunware's future stock price vary.
• As of April 21, 2025, the average target price based on four analysts was $6.31, with a high estimate of $12.00 and a low estimate of $3.00.
• Ascendiant Capital reduced its price target to $12.00 from $13.00 while maintaining a Buy rating, citing significant upside potential.
• H.C. Wainwright lowered the price target to $3.00 from $6.00, maintaining a Neutral rating, reflecting concerns about cash burn and uncertainty in cash reserve utilization.
• Analysts anticipate sales growth in the current year, with some revising their earnings estimates upward.
• Analysts are assuming Phunware's revenue will grow by 20.1% annually over the next 3 years.

Institutional Ownership:

Institutional ownership provides insights into the confidence and investment strategies of larger financial entities. Here’s a snapshot of institutional holdings in Phunware:

• Phunware has 49 institutional owners and shareholders.
• These institutions hold a total of 2,250,226 shares.
• Major institutional shareholders include:
• Vanguard Group Inc.: 3.74%
• BlackRock, Inc.: 2.65%
• Geode Capital Management, LLC: 1.06%
• Susquehanna International Group, LLP: 0.61%
• UBS Group AG: 0.57%
• Soviero Asset Management, LP: 0.50%
• Recent trading activity shows that some institutions have increased their positions. For example, in Q4 2024:
• SUSQUEHANNA INTERNATIONAL GROUP, LLP added 99,904 shares (+421.0%).
• TWO SIGMA INVESTMENTS, LP added 75,478 shares (+inf%).

Key Financial Data and Strategic Moves:

Phunware's financial health and strategic initiatives also play a crucial role in investor sentiment and market reactions.

• Phunware is transitioning to a next-generation AI-driven SaaS platform, targeting the global mobile app market, which is expected to exceed $420 billion by 2028.
• The company plans to enhance its product offerings with new features, specifically targeting the hospitality sector in 2025.
• Phunware has been reducing its cash burn; the net cash used for operations in 2024 was $13.3 million, down from $18.4 million in 2023.
• The company's balance sheet boasts $113.1 million in cash reserves and no outstanding debt, positioning it for potential strategic acquisitions.
• Despite a 232.0% increase in software bookings throughout 2024, revenue figures have been disappointing.
• Phunware's revenue for the quarter was $0.6 million, falling short of the anticipated $1.0 million.

Stock Performance Metrics:

Reviewing key stock performance metrics provides additional context for understanding market perception.

• Current Price (April 22, 2025): Approximately $2.52 - $2.61.
• Market Capitalization: Approximately $50.83 million - $58.67 million.
• 52 Week High: $14.60.
• 52 Week Low: $2.22.
• Volatility: PHUN stock is 3.21% volatile with a beta coefficient of 1.23.

SWOT Analysis Highlights:

A SWOT analysis encapsulates the internal strengths and weaknesses and the external opportunities and threats facing Phunware.

• Strengths: Pioneer in location-based SaaS, strong financial position with significant cash reserves.
• Weaknesses: Declining revenues, ongoing challenges in achieving profitability.
• Opportunities: Expansion into the global mobile app market, strategic partnerships.

Phunware's journey involves both significant opportunities in the AI-driven mobile app market and challenges related to revenue growth and profitability. Monitoring investor sentiment, market reactions, and analyst perspectives remains crucial for stakeholders. For more insights into Phunware's strategic direction, see: Mission Statement, Vision, & Core Values of Phunware, Inc. (PHUN).