Telenav Inc (NASDAQ:TNAV) insider Salman Dhanani sold 56,955 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $11.32, for a total transaction of $644,730.60. Following the sale, the insider now directly owns 164,300 shares of the company’s stock, valued at approximately $1,859,876. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Salman Dhanani also recently made the following trade(s):

  • On Monday, August 12th, Salman Dhanani sold 308,138 shares of Telenav stock. The shares were sold at an average price of $10.02, for a total transaction of $3,087,542.76.
  • On Wednesday, June 12th, Salman Dhanani sold 31,681 shares of Telenav stock. The shares were sold at an average price of $7.50, for a total transaction of $237,607.50.
  • On Monday, June 10th, Salman Dhanani sold 100,000 shares of Telenav stock. The shares were sold at an average price of $7.18, for a total transaction of $718,000.00.

Telenav stock traded up $0.17 during midday trading on Thursday, hitting $11.47. The stock had a trading volume of 393,995 shares, compared to its average volume of 270,306. The firm’s fifty day moving average is $9.36 and its two-hundred day moving average is $7.22. The company has a market capitalization of $515.73 million, a PE ratio of -17.65 and a beta of 0.71. Telenav Inc has a 52-week low of $3.35 and a 52-week high of $11.59.

Several equities research analysts have recently commented on the stock. Northland Securities reaffirmed a “buy” rating and set a $11.00 price target on shares of Telenav in a research report on Friday, May 10th. Zacks Investment Research raised shares of Telenav from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, August 16th. ValuEngine lowered shares of Telenav from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. B. Riley reissued a “buy” rating on shares of Telenav in a report on Wednesday, July 31st. Finally, BidaskClub raised shares of Telenav from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.50.

A number of institutional investors have recently added to or reduced their stakes in TNAV. BlackRock Inc. increased its holdings in Telenav by 62.4% in the 2nd quarter. BlackRock Inc. now owns 2,779,478 shares of the technology company’s stock worth $22,238,000 after acquiring an additional 1,068,251 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Telenav by 68.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,004,869 shares of the technology company’s stock worth $8,039,000 after acquiring an additional 409,200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Telenav by 332.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 310,476 shares of the technology company’s stock worth $2,484,000 after acquiring an additional 238,667 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in Telenav by 68.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 578,138 shares of the technology company’s stock worth $4,625,000 after acquiring an additional 233,945 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Telenav by 1,392.2% in the 2nd quarter. Acadian Asset Management LLC now owns 247,400 shares of the technology company’s stock worth $1,979,000 after acquiring an additional 230,820 shares in the last quarter. 53.96% of the stock is owned by institutional investors.

About Telenav

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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