Telenav Inc. (NASDAQ:TNAV) CFO Michael Strambi sold 8,500 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $5.45, for a total transaction of $46,325.00. Following the transaction, the chief financial officer now owns 35,305 shares in the company, valued at $192,412.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Telenav Inc. (NASDAQ:TNAV) opened at 5.16 on Tuesday. The firm’s 50-day moving average is $5.52 and its 200-day moving average is $5.38. The stock’s market capitalization is $220.37 million. Telenav Inc. has a 52 week low of $4.47 and a 52 week high of $8.30.

Telenav (NASDAQ:TNAV) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.05. The company earned $47.80 million during the quarter, compared to the consensus estimate of $41.69 million. Telenav had a negative net margin of 19.26% and a negative return on equity of 22.62%. Telenav’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, equities research analysts predict that Telenav Inc. will post ($0.58) EPS for the current fiscal year.

A number of research firms recently weighed in on TNAV. B. Riley began coverage on shares of Telenav in a research report on Thursday, August 25th. They set a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a research report on Friday, August 12th.

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of Telenav by 14.2% in the second quarter. California State Teachers Retirement System now owns 68,330 shares of the company’s stock worth $348,000 after buying an additional 8,476 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Telenav by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 96,937 shares of the company’s stock worth $495,000 after buying an additional 9,319 shares during the last quarter. Equitec Proprietary Markets LLC increased its position in shares of Telenav by 4.7% in the second quarter. Equitec Proprietary Markets LLC now owns 358,651 shares of the company’s stock worth $1,829,000 after buying an additional 15,987 shares during the last quarter. Keane Capital Partners LLC purchased a new position in shares of Telenav during the first quarter worth approximately $1,319,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of Telenav during the first quarter worth approximately $243,000. Institutional investors own 47.84% of the company’s stock.

Telenav Company Profile

TeleNav, Inc provides of location-based platform services consisting of map and navigation platform, and advertising delivery platform. The Company’s map and navigation platform delivers location based services to developers, auto manufacturers and end users. The Company’s uses map and navigation platform as the basis for delivering enhanced mobile applications.

5 Day Chart for NASDAQ:TNAV

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