Telenav Inc (NASDAQ:TNAV) insider Hassan Wahla bought 20,000 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was bought at an average cost of $3.79 per share, for a total transaction of $75,800.00. Following the purchase, the insider now directly owns 137,426 shares of the company’s stock, valued at approximately $520,844.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ TNAV traded down $0.26 during mid-day trading on Friday, reaching $3.51. 137,932 shares of the company’s stock were exchanged, compared to its average volume of 56,011. The firm has a market cap of $170.63 million, a P/E ratio of -1.80 and a beta of 0.80. Telenav Inc has a twelve month low of $3.43 and a twelve month high of $6.60.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.14. The company had revenue of $52.17 million for the quarter, compared to analyst estimates of $51.74 million. Telenav had a negative return on equity of 115.32% and a negative net margin of 66.53%. As a group, analysts anticipate that Telenav Inc will post -0.68 EPS for the current fiscal year.

A number of research firms have recently commented on TNAV. Zacks Investment Research raised Telenav from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Saturday, November 17th. BidaskClub raised Telenav from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.92.

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp grew its holdings in shares of Telenav by 5.7% during the second quarter. Northern Trust Corp now owns 349,901 shares of the technology company’s stock worth $1,960,000 after buying an additional 18,858 shares in the last quarter. ARS Investment Partners LLC grew its holdings in shares of Telenav by 11.0% during the third quarter. ARS Investment Partners LLC now owns 201,846 shares of the technology company’s stock worth $1,019,000 after buying an additional 19,951 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Telenav by 1.3% during the third quarter. BlackRock Inc. now owns 1,688,150 shares of the technology company’s stock worth $8,526,000 after buying an additional 22,342 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Telenav by 163.4% during the third quarter. Panagora Asset Management Inc. now owns 71,162 shares of the technology company’s stock worth $359,000 after buying an additional 44,147 shares in the last quarter. Finally, Divisar Capital Management LLC grew its holdings in shares of Telenav by 2.0% during the second quarter. Divisar Capital Management LLC now owns 3,909,155 shares of the technology company’s stock worth $21,891,000 after buying an additional 78,021 shares in the last quarter. Institutional investors and hedge funds own 51.70% of the company’s stock.

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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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