November 24, 2016 - By Richard Conner
A legal form filed with the U.S. Security and Exchange Commission on November 23, 2016 disclosed that Michael Strambi, the CFO of Telenav Inc, ‘s company unloaded 10,000 shares. With avg stock price per share of $6.1 the transaction’s amount is $61,144 U.S Dollars. Michael now holds 48,713 shares accounting for 0.11% of the Company’s market cap
Out of 2 analysts covering Telenav (NASDAQ:TNAV), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $15 is the highest target while $15 is the lowest. The $15 average target is 143.90% above today’s ($6.15) stock price. Telenav has been the topic of 2 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was initiated by FBR Capital with “Outperform” on Monday, October 17. B. Riley & Co initiated Telenav Inc (NASDAQ:TNAV) on Monday, August 24 with “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.02, from 1.16 in 2016Q1. The ratio is positive, as 10 funds sold all Telenav Inc shares owned while 21 reduced positions. 6 funds bought stakes while 30 increased positions. They now own 17.47 million shares or 0.21% more from 17.44 million shares in 2016Q1.
Teachers reported 47,031 shares or 0% of all its holdings. Blackrock Ltd has 0% invested in the company for 22,221 shares. State Bank Of America De last reported 6,461 shares in the company. Moreover, Springbok Capital Ltd Liability Com has 0.06% invested in Telenav Inc (NASDAQ:TNAV) for 78,260 shares. Pnc Financial Group Incorporated holds 0% or 27 shares in its portfolio. The California-based California State Teachers Retirement has invested 0% in Telenav Inc (NASDAQ:TNAV). Renaissance Tech Limited Liability Company, a New York-based fund reported 353,857 shares. Blackrock Investment Mgmt Ltd has 0% invested in the company for 132,895 shares. Commercial Bank Of Mellon Corp holds 0% or 96,937 shares in its portfolio. Los Angeles Capital Management Equity Rech Incorporated has 0% invested in the company for 36,540 shares. Blackrock Fund holds 0% or 842,790 shares in its portfolio. Fuller Thaler Asset has 0.02% invested in the company for 220,200 shares. Moreover, Prudential Fincl Incorporated has 0% invested in Telenav Inc (NASDAQ:TNAV) for 64,265 shares. Tiaa Cref Invest Management Limited Liability Company has 0% invested in the company for 129,618 shares. American Int Grp Inc owns 18,759 shares or 0% of their US portfolio.
Insider Transactions: Since June 7, 2016, the stock had 7 buys, and 4 selling transactions for $848,519 net activity. 7,500 shares were bought by Jin H.P., worth $40,340 on Friday, August 5. The insider HILLBERG LOREN E sold $40,732. $234,017 worth of Telenav Inc (NASDAQ:TNAV) was bought by Nokomis Capital – L.L.C. Another trade for 100 shares valued at $500 was made by Xie Ken on Tuesday, June 7. 10,000 shares were sold by Strambi Michael, worth $61,144 on Tuesday, November 22.
The stock increased 0.82% or $0.05 during the last trading session, hitting $6.15. About 52,506 shares traded hands. Telenav Inc (NASDAQ:TNAV) has risen 9.71% since April 21, 2016 and is uptrending. It has outperformed by 4.38% the S&P500.
TeleNav, Inc. is a provider of location platform services. The company has a market cap of $269.66 million. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. It currently has negative earnings. The Firm operates through three divisions: automotive, advertising and mobile navigation.
According to Zacks Investment Research, “TeleNav, Inc. is a provider of location based services, or LBS, including voice guided navigation, on mobile phones. Its core LBS solution is GPS Navigator which offers features such as real time traffic alerts, route planning and updated POIs. The Company’s other products include TeleNav Track and TeleNav Shotgun. Through the Company’s hosted service delivery model, it provides its solutions through the networks of wireless carriers in the United States, including Sprint and AT&T, as well as through certain carriers in other countries. The Company is also using its LBS platform to develop new offerings such as a feature rich, in-dash navigation solution for automotive consumers. Additionally, TeleNav is broadening the scope of the LBS platform by developing solutions that support a broad range of location enhanced applications such as location based mobile advertising, commerce and social networking. TeleNav, Inc. is headquartered in Sunnyvale, California.”
Analysts await Telenav Inc (NASDAQ:TNAV) to report earnings on February, 7. They expect $-0.24 EPS, down 26.32% or $0.05 from last year’s $-0.19 per share. After $-0.21 actual EPS reported by Telenav Inc for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.
More recent Telenav Inc (NASDAQ:TNAV) news were published by: Marketwatch.com which released: “TeleNav Inc. NASDAQ: TNAV” on May 13, 2010. Also Quotes.Wsj.com published the news titled: “TeleNav Inc. TNAV (US: Nasdaq)” on February 11, 2011. Streetinsider.com‘s news article titled: “Form 4 Telenav, Inc. For: Nov 17 Filed by: ZAELIT JOSEPH” with publication date: November 22, 2016 was also an interesting one.
TeleNav, Inc. (Telenav), incorporated on October 8, 2009, is a well-known provider of location platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Firm operates through three divisions: automotive, advertising and mobile navigation. The Company’s auto and mobile navigation platform allows it to deliver location services to auto manufacturers, developers and end users through various distribution channels, including wireless carriers. The Company’s on-board product solution consists of software, map and point of interest (POI) data loaded in the vehicle that provides voice-guided turn-by-turn navigation displayed on the vehicle screen. The Company’s brought-in connected solution enables a mobile device that is paired with the vehicle to activate in-vehicle text and voice-guided turn-by-turn navigation.
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