Today it was reported that the CEO of Telenav (TNAV), Jin H.P., exercised options to buy 89,998 TNAV shares at $6.23 a share, for a total transaction value of $561.6K.
Following this transaction Jin H.P.’s holding in the company was increased by 5.42% to a total of $11.47 million. In addition to Jin H.P., one other TNAV executive reported Buy trades in the last month.
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Based on Telenav’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $57.18 million and GAAP net loss of $4.58 million. In comparison, last year the company earned revenue of $13.82 million and had a GAAP net loss of $30.76 million. Currently, Telenav has an average volume of 199.3K.
Starting in July 2018, TNAV received 4 Buy ratings in a row.
The insider sentiment on Telenav has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Jin H.P.’s trades have generated a 17.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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TeleNav, Inc. engages in the provision of personalized mobile navigation and location based platform services. It operates through the following segments: Automotive, Advertising, and Mobile Navigation. The Automotive segment supplies map and navigation platform to auto and original equipment manufacturers for distribution with its vehicles.
