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

Today, the Co-Pres. Automotive Bus Unit of Telenav (TNAV), Hassan Wahla, bought shares of TNAV for $75.8K.

Following this transaction Hassan Wahla’s holding in the company was increased by 17.03% to a total of $518.1K. In addition to Hassan Wahla, 6 other TNAV executives reported Buy trades in the last month.

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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 97.39K.

Starting in December 2017, TNAV received 6 Buy ratings in a row.

The insider sentiment on Telenav has been positive according to 35 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.

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