A Director at Telenav is Exercising Options


Today it was reported that a Director at Telenav (TNAV), Douglas S. Miller, exercised options to sell 23,300 TNAV shares at $7.62 a share, for a total transaction value of $267K.

Following Douglas S. Miller’s last TNAV Sell transaction on February 17, 2012, the stock climbed by 3.5%. This is Miller’s first transaction since reporting a Sell transaction on PKT back in December 2013

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Based on Telenav’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $58.45 million and GAAP net loss of $12.86 million. In comparison, last year the company earned revenue of $16.62 million and had a GAAP net loss of $26.61 million. The company has a one-year high of $11.59 and a one-year low of $3.35. Currently, Telenav has an average volume of 267.75K.

In the last 30 days, insiders have sold $267K worth of TNAV shares and purchased $423.4K worth of TNAV shares. The insider sentiment on Telenav has been positive according to 57 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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