Landscape Capital Management L.L.C. Takes Position in PowerFleet, Inc. $AIOT

Landscape Capital Management L.L.C. purchased a new stake in PowerFleet, Inc. (NASDAQ:AIOT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,245 shares of the company’s stock, valued at approximately $78,000.

Several other large investors have also modified their holdings of AIOT. NBC Securities Inc. bought a new stake in shares of PowerFleet in the 1st quarter valued at about $36,000. Comerica Bank bought a new stake in shares of PowerFleet in the 4th quarter valued at about $42,000. California State Teachers Retirement System bought a new stake in shares of PowerFleet in the 4th quarter valued at about $46,000. GAMMA Investing LLC purchased a new position in shares of PowerFleet in the 1st quarter worth approximately $46,000. Finally, Virtu Financial LLC purchased a new position in shares of PowerFleet in the 1st quarter worth approximately $62,000. Institutional investors own 73.40% of the company’s stock.

PowerFleet Stock Up 0.2%

NASDAQ:AIOT opened at $4.67 on Tuesday. The company has a market cap of $623.16 million, a PE ratio of -15.57 and a beta of 1.28. PowerFleet, Inc. has a twelve month low of $3.70 and a twelve month high of $8.71. The company has a current ratio of 1.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $4.38 and its two-hundred day moving average is $5.09.

Insider Activity at PowerFleet

In other PowerFleet news, CEO Steven Mark Towe acquired 23,157 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of $4.42 per share, for a total transaction of $102,353.94. Following the purchase, the chief executive officer owned 2,457,923 shares in the company, valued at approximately $10,864,019.66. The trade was a 0.95% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Mcconnell acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were acquired at an average price of $4.64 per share, with a total value of $46,400.00. Following the completion of the purchase, the director owned 28,028 shares in the company, valued at approximately $130,049.92. This trade represents a 55.47% increase in their position. The disclosure for this purchase can be found here. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of PowerFleet in a research report on Friday, August 22nd. Zacks Research downgraded shares of PowerFleet from a “hold” rating to a “strong sell” rating in a research report on Friday, August 15th. Lake Street Capital set a $8.00 price objective on shares of PowerFleet and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of PowerFleet from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.50.

PowerFleet Company Profile

PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.