The Co-Pres. Automotive Bus Unit of Telenav (TNAV) is Buying Shares

Yesterday, the Co-Pres. Automotive Bus Unit of Telenav (TNAV), Salman Dhanani, bought shares of TNAV for $35.54K.

In addition to Salman Dhanani, 7 other TNAV executives reported Buy trades in the last month. Following this transaction Salman Dhanani’s holding in the company was increased by 2.48% to a total of $1.46 million.

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Based on Telenav’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $52.17 million and GAAP net loss of $7.94 million. In comparison, last year the company earned revenue of $36.66 million and had a GAAP net loss of $16.1 million. Currently, Telenav has an average volume of 137.9K.

Starting in December 2017, TNAV received 6 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.

Salman Dhanani’s trades have generated a -2.7% 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.