Telenav Inc (NASDAQ:TNAV) SVP Sells $40,000.00 in Stock

Telenav Inc (NASDAQ:TNAV) SVP Philipp Wolfgang Josef Kandal sold 5,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $8.00, for a total transaction of $40,000.00. Following the completion of the sale, the senior vice president now directly owns 224,113 shares of the company’s stock, valued at approximately $1,792,904. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

  • On Tuesday, June 4th, Philipp Wolfgang Josef Kandal sold 500 shares of Telenav stock. The stock was sold at an average price of $7.35, for a total transaction of $3,675.00.

Shares of NASDAQ TNAV opened at $7.90 on Thursday. The stock has a market cap of $360.58 million, a price-to-earnings ratio of -4.05 and a beta of 0.72. The business has a fifty day moving average of $7.40. Telenav Inc has a one year low of $3.35 and a one year high of $8.12.

Telenav (NASDAQ:TNAV) last released its earnings results on Thursday, May 9th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.02. Telenav had a negative net margin of 26.03% and a negative return on equity of 57.09%. The business had revenue of $53.07 million during the quarter, compared to analyst estimates of $51.02 million. As a group, sell-side analysts anticipate that Telenav Inc will post -0.63 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in TNAV. Optimum Investment Advisors purchased a new stake in shares of Telenav during the first quarter worth $30,000. BNP Paribas Arbitrage SA grew its holdings in shares of Telenav by 1,645.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,545 shares of the technology company’s stock worth $40,000 after buying an additional 6,170 shares in the last quarter. Barclays PLC grew its holdings in shares of Telenav by 150.3% during the fourth quarter. Barclays PLC now owns 29,297 shares of the technology company’s stock worth $119,000 after buying an additional 17,592 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Telenav during the first quarter worth $155,000. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of Telenav during the first quarter worth $160,000. 49.30% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on TNAV shares. ValuEngine raised shares of Telenav from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. BidaskClub lowered shares of Telenav from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 30th. Northland Securities reissued a “buy” rating and issued a $11.00 price target on shares of Telenav in a report on Friday, May 10th. Finally, Zacks Investment Research lowered shares of Telenav from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $8.38.

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.

Further Reading: Why is momentum important to successful trading?

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

Receive News & Ratings for Telenav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenav and related companies with MarketBeat.com's FREE daily email newsletter.