Telenav Inc (NASDAQ:TNAV) CEO H.P. Jin bought 20,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average price of $5.66 per share, for a total transaction of $113,200.00. Following the purchase, the chief executive officer now owns 1,399,854 shares in the company, valued at approximately $7,923,173.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
H.P. Jin also recently made the following trade(s):
- On Tuesday, February 6th, H.P. Jin bought 10,000 shares of Telenav stock. The shares were purchased at an average price of $5.07 per share, for a total transaction of $50,700.00.
Shares of Telenav Inc (NASDAQ TNAV) traded up $0.20 during mid-day trading on Tuesday, reaching $5.70. 121,688 shares of the company’s stock traded hands, compared to its average volume of 95,044. The stock has a market cap of $245.04, a PE ratio of -4.32 and a beta of 0.90. Telenav Inc has a 1-year low of $4.50 and a 1-year high of $9.25.
Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.02. The business had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $39.03 million. Telenav had a negative net margin of 38.56% and a negative return on equity of 56.00%. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.26) EPS. equities research analysts predict that Telenav Inc will post -2.03 earnings per share for the current fiscal year.
TNAV has been the topic of a number of analyst reports. B. Riley restated a “buy” rating and set a $11.00 target price on shares of Telenav in a research note on Monday, October 30th. Craig Hallum set a $9.00 target price on shares of Telenav and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Telenav from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, ValuEngine cut shares of Telenav from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Telenav has a consensus rating of “Hold” and a consensus price target of $10.88.
A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in Telenav by 17.0% in the 2nd quarter. Wells Fargo & Company MN now owns 25,063 shares of the technology company’s stock worth $202,000 after purchasing an additional 3,633 shares in the last quarter. Northern Trust Corp lifted its stake in Telenav by 2.2% in the 2nd quarter. Northern Trust Corp now owns 336,292 shares of the technology company’s stock worth $2,724,000 after purchasing an additional 7,356 shares in the last quarter. Nationwide Fund Advisors lifted its stake in Telenav by 19.8% in the 2nd quarter. Nationwide Fund Advisors now owns 46,300 shares of the technology company’s stock worth $375,000 after purchasing an additional 7,642 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Telenav by 8.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 139,717 shares of the technology company’s stock worth $887,000 after purchasing an additional 10,650 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Telenav by 0.7% in the 4th quarter. BlackRock Inc. now owns 1,626,681 shares of the technology company’s stock worth $8,947,000 after purchasing an additional 10,831 shares in the last quarter. Institutional investors and hedge funds own 53.10% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “H.P. Jin Purchases 20,000 Shares of Telenav Inc (TNAV) Stock” was published by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.thestockobserver.com/2018/02/20/h-p-jin-purchases-20000-shares-of-telenav-inc-tnav-stock.html.
Telenav Company Profile
TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
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.