Insider Selling: Telenav Inc (NASDAQ:TNAV) SVP Sells 15,000 Shares of Stock

Telenav Inc (NASDAQ:TNAV) SVP Philipp Wolfgang Josef Kandal sold 15,000 shares of Telenav stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $10.03, for a total value of $150,450.00. Following the completion of the sale, the senior vice president now directly owns 189,590 shares of the company’s stock, valued at approximately $1,901,587.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, August 1st, Philipp Wolfgang Josef Kandal sold 10,000 shares of Telenav stock. The stock was sold at an average price of $9.35, for a total value of $93,500.00.
  • On Tuesday, July 16th, Philipp Wolfgang Josef Kandal sold 5,000 shares of Telenav stock. The stock was sold at an average price of $9.00, for a total value of $45,000.00.
  • On Monday, July 1st, Philipp Wolfgang Josef Kandal sold 10,000 shares of Telenav stock. The stock was sold at an average price of $8.00, for a total value of $80,000.00.
  • On Thursday, June 20th, Philipp Wolfgang Josef Kandal sold 5,000 shares of Telenav stock. The stock was sold at an average price of $8.00, for a total value of $40,000.00.
  • 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 value of $3,675.00.

NASDAQ:TNAV opened at $11.05 on Friday. The stock has a 50-day simple moving average of $8.98 and a two-hundred day simple moving average of $7.07. Telenav Inc has a 52-week low of $3.35 and a 52-week high of $11.29. The firm has a market capitalization of $460.53 million, a PE ratio of -17.00 and a beta of 0.71.

Several analysts recently commented on TNAV shares. Zacks Investment Research raised Telenav from a “sell” rating to a “hold” rating in a report on Wednesday, June 26th. Northland Securities reissued a “buy” rating and set a $11.00 price target on shares of Telenav in a report on Friday, May 10th. ValuEngine lowered Telenav from a “buy” rating to a “hold” rating in a 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 Telenav from a “buy” rating to a “strong-buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $8.38.

A number of large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in shares of Telenav by 275.2% in the second quarter. Bank of Montreal Can now owns 3,673 shares of the technology company’s stock worth $30,000 after acquiring an additional 2,694 shares during the period. Quantamental Technologies LLC boosted its stake in shares of Telenav by 1,452.7% in the second quarter. Quantamental Technologies LLC now owns 4,658 shares of the technology company’s stock worth $37,000 after acquiring an additional 4,358 shares during the period. Optimum Investment Advisors bought a new position in shares of Telenav in the first quarter worth about $30,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Telenav in the second quarter worth about $50,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Telenav by 1,645.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,545 shares of the technology company’s stock worth $40,000 after acquiring an additional 6,170 shares during the period. 49.43% of the stock is owned by institutional investors and hedge funds.

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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