Today, 10,000 Shares of Telenav Inc. (TNAV) Stock are sold by Michael Strambi

Today, 10,000 Shares of Telenav Inc. (TNAV) Stock are sold by Michael Strambi
Telenav Inc. (NASDAQ:TNAV) CFO Michael Strambi sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $6.11, for a total value of $61,100.00. Following the transaction, the chief financial officer now directly owns 51,513 shares in the company, valued at approximately $314,744.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michael Strambi also recently made the following trade(s): On Tuesday, November 22nd, Michael Strambi sold 7,200 shares of Telenav stock. The stock was sold at an average price of $6.12, for a total value of $44,064.00. On Monday, September 12th, Michael Strambi sold 8,500 shares of Telenav stock. The stock was sold at an average price of $5.45, for a total value of $46,325.00.

Telenav Inc. (NASDAQ:TNAV) opened at 6.15 on Friday. The firm’s market cap is $265.30 million. The stock has a 50 day moving average price of $5.68 and a 200-day moving average price of $5.37. Telenav Inc. has a 1-year low of $4.47 and a 1-year high of $7.17.

Telenav (NASDAQ:TNAV) last posted its earnings results on Tuesday, November 1st. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $42.23 million for the quarter, compared to the consensus estimate of $42.05 million. Telenav had a negative return on equity of 22.85% and a negative net margin of 18.63%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) EPS. Equities research analysts forecast that Telenav Inc. will post ($0.62) EPS for the current year.

Several research analysts have issued reports on the company. FBR & Co set a $15.00 price objective on Telenav and gave the stock a “buy” rating in a report on Wednesday, November 2nd. B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of Telenav in a report on Saturday, August 6th. Finally, Zacks Investment Research downgraded Telenav from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Telenav has an average rating of “Hold” and a consensus price target of $10.50.

Several hedge funds have recently bought and sold shares of the company. BlackRock Investment Management LLC boosted its stake in Telenav by 22.4% in the second quarter. BlackRock Investment Management LLC now owns 132,895 shares of the company’s stock worth $678,000 after buying an additional 24,360 shares during the last quarter. Vanguard Group Inc. boosted its stake in Telenav by 4.5% in the second quarter. Vanguard Group Inc. now owns 974,842 shares of the company’s stock worth $4,972,000 after buying an additional 41,685 shares during the last quarter. Prudential Financial Inc. boosted its stake in Telenav by 8.6% in the second quarter. Prudential Financial Inc. now owns 64,265 shares of the company’s stock worth $328,000 after buying an additional 5,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Telenav by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,264,546 shares of the company’s stock worth $6,449,000 after buying an additional 12,199 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Telenav by 88.0% in the second quarter. Nationwide Fund Advisors now owns 56,007 shares of the company’s stock worth $286,000 after buying an additional 26,222 shares during the last quarter. 46.42% of the stock is currently owned by hedge funds and other institutional investors.

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