Philipp Wolfgang Josef Kandal Sells 5,000 Shares of Telenav Inc (NASDAQ:TNAV) Stock

Telenav Inc (NASDAQ:TNAV) SVP Philipp Wolfgang Josef Kandal sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $9.00, for a total transaction of $45,000.00. Following the completion of the transaction, the senior vice president now directly owns 209,113 shares in the company, valued at approximately $1,882,017. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 transaction 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 transaction 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 transaction of $3,675.00.

Shares of NASDAQ:TNAV opened at $8.60 on Friday. Telenav Inc has a 1-year low of $3.35 and a 1-year high of $9.14. The stock has a market capitalization of $392.53 million, a P/E ratio of -4.41 and a beta of 0.73. The firm’s 50 day moving average price is $7.99.



Telenav (NASDAQ:TNAV) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.16) earnings per share for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $51.02 million. As a group, analysts anticipate that Telenav Inc will post -0.63 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Optimum Investment Advisors purchased a new position in Telenav during the first quarter valued at approximately $30,000. BNP Paribas Arbitrage SA lifted its holdings in Telenav by 1,645.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,545 shares of the technology company’s stock valued at $40,000 after purchasing an additional 6,170 shares in the last quarter. Rhumbline Advisers lifted its holdings in Telenav by 47.7% during the fourth quarter. Rhumbline Advisers now owns 41,745 shares of the technology company’s stock valued at $169,000 after purchasing an additional 13,477 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Telenav by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 318,613 shares of the technology company’s stock valued at $1,293,000 after purchasing an additional 13,498 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Telenav by 150.3% during the fourth quarter. Barclays PLC now owns 29,297 shares of the technology company’s stock valued at $119,000 after purchasing an additional 17,592 shares in the last quarter. 49.30% of the stock is currently owned by institutional investors and hedge funds.

TNAV has been the topic of a number of research reports. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Northland Securities set a $50.00 price target on shares of Polarityte and gave the company a “buy” rating in a report on Friday, May 10th. BidaskClub downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $8.38.

Telenav Company Profile

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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