The Co-Pres. Automotive Bus Unit of Telenav is Exercising Options
Today it was reported that the Co-Pres. Automotive Bus Unit of Telenav (TNAV), Hassan Wahla, exercised options to buy 3,819 TNAV shares at $4.20 a share, for a total transaction value of $16.04K. The options were close to expired and Hassan Wahla retained stocks.
Following Hassan Wahla’s last TNAV Buy transaction on December 07, 2018, the stock climbed by 3.1%. Following this transaction Hassan Wahla’s holding in the company was increased by 2.78% to a total of $932.2K.
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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 105K.
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.