Telenav Inc. (NASDAQ:TNAV) CFO Michael Strambi sold 10,000 shares of Telenav stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $6.11, for a total value of $61,100.00. Following the transaction, the chief financial officer now owns 51,513 shares in the company, valued at $314,744.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Strambi also recently made the following trade(s):

  • On Tuesday, November 22nd, Michael Strambi sold 7,200 shares of Telenav stock. The shares were sold at an average price of $6.12, for a total value of $44,064.00.
  • On Monday, September 12th, Michael Strambi sold 8,500 shares of Telenav stock. The stock was sold at an average price of $5.45, for a total value of $46,325.00.

Telenav Inc. (NASDAQ:TNAV) opened at 6.15 on Friday. Telenav Inc. has a one year low of $4.47 and a one year high of $7.17. The stock’s market cap is $265.30 million. The stock’s 50 day moving average price is $5.68 and its 200-day moving average price is $5.37.

Telenav (NASDAQ:TNAV) last announced its earnings results on Tuesday, November 1st. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.05. The business earned $42.23 million during the quarter, compared to analyst estimates of $42.05 million. Telenav had a negative return on equity of 22.85% and a negative net margin of 18.63%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.27) earnings per share. On average, analysts predict that Telenav Inc. will post ($0.62) earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in TNAV. BlackRock Advisors LLC increased its position in shares of Telenav by 12.8% in the third quarter. BlackRock Advisors LLC now owns 18,448 shares of the company’s stock valued at $106,000 after buying an additional 2,100 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Telenav during the third quarter valued at about $147,000. Spark Investment Management LLC increased its position in Telenav by 67.4% in the third quarter. Spark Investment Management LLC now owns 29,300 shares of the company’s stock valued at $167,000 after buying an additional 11,800 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Telenav by 2.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,540 shares of the company’s stock valued at $186,000 after buying an additional 730 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Telenav by 1.6% in the third quarter. Rhumbline Advisers now owns 32,399 shares of the company’s stock valued at $186,000 after buying an additional 500 shares in the last quarter. 46.42% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on TNAV shares. FBR & Co started coverage on Telenav in a report on Monday, October 17th. They issued an “outperform” rating and a $15.00 target price on the stock. Zacks Investment Research upgraded Telenav from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Tuesday, October 4th. Finally, B. Riley started coverage on Telenav in a report on Thursday, August 25th. They issued a “buy” rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Telenav presently has an average rating of “Hold” and a consensus target price of $10.50.

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Telenav Company Profile

TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.

5 Day Chart for NASDAQ:TNAV

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