Geode Capital Increases its Stake in PHUN Stock

According to a recent Form 13F filing submitted to the SEC, Geode Capital Management, LLC disclosed a noteworthy and bullish investment in PHUN stock. Here’s what you need to know about Phunware, Inc., as well as Geode Capital Management and their long position in shares of PHUN stock:

About Geode Capital Management

Boston, Massachusetts-based Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes. Geode was founded in 2001 and set out to create structured and repeatable investment strategies with the objective of providing efficient exposures to institutional investors.

About Phunware, Inc. (PHUN)

Phunware, Inc., together with its subsidiaries, offers integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company’s products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement. It also engages the integration of its SDK licenses into existing applications maintained by its customers, as well as custom application development and support services; provision of cloud-based vertical solutions for healthcare, retail, sports, aviation, real estate, hospitality, education, and other applications; offering application transactions, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization; and pre-packaged and custom high-end personal computer systems for gaming, streaming, and cryptocurrency mining enthusiasts. The company was founded in 2009 and is headquartered in Austin, Texas.

Geode Capital Management Buys Stock in PHUN

According to the most recent 13F filed by Geode Capital Management, LLC, the firm added 96,665 shares of PHUN stock to it holdings in the recent quarter. That brings their total long position in Phunware, Inc. to 848,109 shares, representing approximately 0.8264% of the 102,628,000 PHUN shares outstanding. Based on the most recent closing price of $1.40 per share of PHUN, the entire Geode Capital Management position in Phunware, Inc. is worth roughly $1,187,352.60.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Geode Capital Management, Llc. Also be sure to check out more recent 13F filing analysis news here.