Occam Crest Management LP Trims Stock Position in PowerFleet, Inc. $AIOT

Occam Crest Management LP cut its stake in PowerFleet, Inc. (NASDAQ:AIOT) by 71.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,000 shares of the company’s stock after selling 503,000 shares during the quarter. PowerFleet comprises about 0.7% of Occam Crest Management LP’s holdings, making the stock its 24th biggest holding. Occam Crest Management LP owned about 0.15% of PowerFleet worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AIOT. BNP Paribas Financial Markets boosted its position in PowerFleet by 100.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,756 shares of the company’s stock valued at $51,000 after acquiring an additional 5,904 shares in the last quarter. MGO One Seven LLC bought a new position in PowerFleet in the fourth quarter worth $55,000. Krilogy Financial LLC purchased a new position in PowerFleet during the fourth quarter valued at $58,000. R Squared Ltd bought a new stake in shares of PowerFleet during the 3rd quarter valued at $60,000. Finally, Prudential Financial Inc. bought a new stake in shares of PowerFleet during the 2nd quarter valued at $65,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.

PowerFleet Price Performance

Shares of PowerFleet stock opened at $4.14 on Tuesday. PowerFleet, Inc. has a one year low of $2.78 and a one year high of $5.88. The stock’s fifty day moving average is $3.45 and its 200 day moving average is $4.12. The stock has a market cap of $555.38 million, a P/E ratio of -18.00 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.09.

PowerFleet (NASDAQ:AIOT) last released its quarterly earnings results on Monday, June 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $114.49 million during the quarter, compared to analyst estimates 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) earnings per share. Sell-side analysts anticipate that PowerFleet, Inc. will post -0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AIOT. Weiss Ratings reissued a “hold (c-)” rating on shares of PowerFleet in a research note on Friday, May 8th. Wall Street Zen raised PowerFleet from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PowerFleet presently has an average 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 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.