Hassan Wahla Buys 20,000 Shares of Telenav Inc (TNAV) Stock
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.
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.
COPYRIGHT VIOLATION WARNING: “Hassan Wahla Buys 20,000 Shares of Telenav Inc (TNAV) Stock” was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2018/12/08/hassan-wahla-buys-20000-shares-of-telenav-inc-tnav-stock.html.
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: Stop Order
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.