Occam Crest Management LP Sells 503,000 Shares of PowerFleet, Inc. $AIOT

Occam Crest Management LP decreased its position in shares of PowerFleet, Inc. (NASDAQ:AIOT) by 71.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 197,000 shares of the company’s stock after selling 503,000 shares during the period. PowerFleet makes up approximately 0.7% of Occam Crest Management LP’s investment portfolio, making the stock its 24th biggest position. Occam Crest Management LP’s holdings in PowerFleet were worth $1,048,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Verition Fund Management LLC increased its stake in PowerFleet by 287.5% in the 4th quarter. Verition Fund Management LLC now owns 146,448 shares of the company’s stock worth $779,000 after buying an additional 108,659 shares in the last quarter. K2 Principal Fund L.P. boosted its stake in shares of PowerFleet by 7.5% in the fourth quarter. K2 Principal Fund L.P. now owns 268,846 shares of the company’s stock worth $1,430,000 after acquiring an additional 18,846 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of PowerFleet by 292.3% in the fourth quarter. Kennedy Capital Management LLC now owns 1,970,918 shares of the company’s stock worth $10,485,000 after acquiring an additional 1,468,573 shares during the period. Barclays PLC grew its position in shares of PowerFleet by 9.4% during the fourth quarter. Barclays PLC now owns 329,774 shares of the company’s stock worth $1,754,000 after purchasing an additional 28,444 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in PowerFleet by 34.9% during the 4th quarter. Marshall Wace LLP now owns 1,065,475 shares of the company’s stock valued at $5,668,000 after purchasing an additional 275,475 shares during the period. Institutional investors own 73.40% of the company’s stock.

PowerFleet Price Performance

NASDAQ:AIOT opened at $4.14 on Tuesday. The business’s 50-day moving average is $3.45 and its 200 day moving average is $4.12. PowerFleet, Inc. has a 12 month low of $2.78 and a 12 month high of $5.88. The company has a market capitalization of $555.38 million, a P/E ratio of -18.00 and a beta of 1.43. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

PowerFleet (NASDAQ:AIOT) last released its quarterly earnings data on Monday, June 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.98 million. PowerFleet had a negative return on equity of 5.23% and a negative net margin of 7.00%.During the same quarter in the previous year, the company posted ($0.09) EPS. On average, equities research analysts forecast that PowerFleet, Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AIOT shares. Weiss Ratings restated a “hold (c-)” rating on shares of PowerFleet in a research note on Friday, May 8th. Wall Street Zen upgraded shares of PowerFleet from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

PowerFleet News Roundup

Here are the key news stories impacting PowerFleet this week:

• Positive Sentiment: PowerFleet reported fourth-quarter revenue of $114.5 million, up 11% year over year, with services revenue rising 14% and adjusted EBITDA climbing 42% to $26.4 million. The company also said operating income improved sharply and net loss narrowed, suggesting better underlying profitability. Article Title
• Positive Sentiment: Management guided fiscal 2027 revenue to $485 million-$490 million, above the consensus estimate of about $482.7 million, which likely boosted investor confidence in continued growth. Article Title
• Positive Sentiment: The company also announced a landmark five-year South African National Treasury agreement that it says could generate $100 million to $120 million in total contract value, adding to the long-term growth story. Article Title
• Neutral Sentiment: The earnings call transcript and presentation provide additional detail on the quarter, but the key market-moving takeaway is the combination of better-than-expected revenue, improving margins, and forward guidance. Article Title
• Negative Sentiment: PowerFleet did report only $0.04 in EPS for the quarter, and the company remains unprofitable overall, so the earnings miss may be limiting gains for some investors. Article Title

PowerFleet Company Profile

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.