GSA Capital Partners LLP Sells 106,638 Shares of Telenav, Inc. (NASDAQ:TNAV)

GSA Capital Partners LLP decreased its holdings in shares of Telenav, Inc. (NASDAQ:TNAV) by 76.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,917 shares of the technology company’s stock after selling 106,638 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Telenav worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Telenav by 1.0% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 335,419 shares of the technology company’s stock valued at $1,208,000 after acquiring an additional 3,429 shares during the period. California Public Employees Retirement System raised its holdings in Telenav by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 81,035 shares of the technology company’s stock valued at $292,000 after acquiring an additional 6,083 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Telenav by 657.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,338 shares of the technology company’s stock valued at $30,000 after acquiring an additional 7,237 shares during the period. Bank of America Corp DE raised its holdings in Telenav by 82.6% during the 2nd quarter. Bank of America Corp DE now owns 17,988 shares of the technology company’s stock valued at $99,000 after acquiring an additional 8,139 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Telenav by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 140,867 shares of the technology company’s stock valued at $510,000 after acquiring an additional 11,436 shares during the period. 45.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of TNAV stock opened at $4.79 on Tuesday. The company’s fifty day simple moving average is $4.77 and its two-hundred day simple moving average is $4.60. Telenav, Inc. has a 1 year low of $3.45 and a 1 year high of $6.39. The stock has a market capitalization of $229.92 million, a price-to-earnings ratio of -239.50 and a beta of 0.39.

Telenav (NASDAQ:TNAV) last released its quarterly earnings results on Friday, February 5th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.12. Telenav had a negative net margin of 0.07% and a negative return on equity of 0.11%. As a group, analysts forecast that Telenav, Inc. will post -0.06 EPS for the current fiscal year.

Telenav 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 Automotive and Mobile Navigation segments. 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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Institutional Ownership by Quarter for Telenav (NASDAQ:TNAV)

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