Telenav Inc (NASDAQ:TNAV) insider Hassan Wahla sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the transaction, the insider now directly owns 121,331 shares of the company’s stock, valued at $1,031,313.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Hassan Wahla also recently made the following trade(s):
- On Friday, June 21st, Hassan Wahla sold 110,000 shares of Telenav stock. The stock was sold at an average price of $8.00, for a total transaction of $880,000.00.
- On Friday, June 7th, Hassan Wahla sold 49,999 shares of Telenav stock. The shares were sold at an average price of $7.40, for a total transaction of $369,992.60.
Shares of TNAV stock opened at $8.79 on Friday. Telenav Inc has a 12-month low of $3.35 and a 12-month high of $8.84. The company has a market cap of $395.72 million, a P/E ratio of -4.51 and a beta of 0.73. The company’s 50-day moving average price is $7.80.
A number of hedge funds have recently made changes to their positions in TNAV. Optimum Investment Advisors bought a new position in shares of Telenav in the first quarter worth about $30,000. BNP Paribas Arbitrage SA raised 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 last quarter. Barclays PLC raised its stake in shares of Telenav by 150.3% in the fourth quarter. Barclays PLC now owns 29,297 shares of the technology company’s stock worth $119,000 after acquiring an additional 17,592 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Telenav in the first quarter worth about $155,000. Finally, B. Riley Wealth Management Inc. bought a new position in shares of Telenav in the first quarter worth about $160,000. 49.30% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on TNAV shares. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. 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. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 24th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $8.38.
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.
Featured Story: What is Blockchain?
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.