Yesterday it was reported that the Co-Pres. Automotive Bus. Unit of Telenav (TNAV), Salman Dhanani, exercised options to sell 35,336 TNAV shares at $5.72 a share, for a total transaction value of $403.9K.
In addition to Salman Dhanani, 4 other TNAV executives reported Sell trades in the last month.
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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 272.86K.
In the last 30 days, insiders have sold $3.01M worth of TNAV shares and purchased $423.4K worth of TNAV shares. The insider sentiment on Telenav has been negative according to 63 insider trades in the past three months. This sentiment is lower 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.
