Telenav Inc (NASDAQ:TNAV) insider Hassan Wahla sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $8.50, for a total value of $85,000.00. Following the completion of the sale, the insider now owns 121,331 shares in the company, valued at approximately $1,031,313.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hassan Wahla also recently made the following trade(s):

  • On Friday, June 21st, Hassan Wahla sold 110,000 shares of Telenav stock. The shares were sold at an average price of $8.00, for a total value of $880,000.00.
  • On Friday, June 7th, Hassan Wahla sold 49,999 shares of Telenav stock. The shares were sold at an average price of $7.40, for a total value of $369,992.60.

Shares of NASDAQ:TNAV opened at $8.71 on Friday. The company’s fifty day moving average is $7.78. The firm has a market cap of $400.29 million, a PE ratio of -4.47 and a beta of 0.73. Telenav Inc has a one year low of $3.35 and a one year high of $8.84.

Telenav (NASDAQ:TNAV) last announced its earnings results on Thursday, May 9th. The technology company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $53.07 million for the quarter, compared to analysts’ expectations of $51.02 million. Telenav had a negative return on equity of 57.09% and a negative net margin of 26.03%. On average, equities research analysts anticipate that Telenav Inc will post -0.63 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in Telenav by 1,645.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,545 shares of the technology company’s stock valued at $40,000 after buying an additional 6,170 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Telenav by 3.2% during the 4th quarter. BlackRock Inc. now owns 1,742,870 shares of the technology company’s stock worth $7,076,000 after purchasing an additional 54,720 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Telenav by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,187,880 shares of the technology company’s stock worth $4,823,000 after purchasing an additional 20,195 shares during the period. Virtu Financial LLC purchased a new position in shares of Telenav during the 1st quarter worth $155,000. Finally, Rhumbline Advisers lifted its stake in shares of Telenav by 47.7% during the 4th quarter. Rhumbline Advisers now owns 41,745 shares of the technology company’s stock worth $169,000 after purchasing an additional 13,477 shares during the period. Hedge funds and other institutional investors own 49.30% of the company’s stock.

TNAV has been the topic of a number of analyst reports. BidaskClub cut Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 24th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, Northland Securities set a $50.00 target price on Polarityte and gave the company a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $8.38.

Telenav Company Profile

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

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Insider Buying and Selling by Quarter for Telenav (NASDAQ:TNAV)

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