Today it was reported that the CEO of Telenav (TNAV), Jin H.P., exercised options to buy 250,000 TNAV shares at $5.32 a share, for a total transaction value of $1.33M.
Following this transaction Jin H.P.’s holding in the company was increased by 19.53% to a total of $10.78 million. Following Jin H.P.’s last TNAV Buy transaction on November 26, 2018, the stock climbed by 2.1%.
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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 141.8K.
Starting in July 2018, TNAV received 4 Buy ratings in a row.
The insider sentiment on Telenav has been positive according to 36 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
