Philipp Wolfgang Josef Kandal Buys 10,000 Shares of Telenav Inc (TNAV) Stock

Telenav Inc (NASDAQ:TNAV) SVP Philipp Wolfgang Josef Kandal purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was bought at an average cost of $4.19 per share, with a total value of $41,900.00. Following the completion of the purchase, the senior vice president now owns 216,335 shares of the company’s stock, valued at approximately $906,443.65. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

  • On Wednesday, November 21st, Philipp Wolfgang Josef Kandal purchased 9,600 shares of Telenav stock. The stock was bought at an average cost of $4.20 per share, with a total value of $40,320.00.
  • On Monday, November 19th, Philipp Wolfgang Josef Kandal purchased 10,000 shares of Telenav stock. The stock was bought at an average cost of $4.43 per share, with a total value of $44,300.00.
  • On Friday, November 16th, Philipp Wolfgang Josef Kandal purchased 10,951 shares of Telenav stock. The stock was bought at an average cost of $4.59 per share, with a total value of $50,265.09.

TNAV opened at $4.18 on Friday. Telenav Inc has a 1-year low of $3.95 and a 1-year high of $6.60. The firm has a market capitalization of $183.76 million, a price-to-earnings ratio of -2.14 and a beta of 0.79.

Telenav (NASDAQ:TNAV) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.14. Telenav had a negative net margin of 66.53% and a negative return on equity of 115.32%. The firm had revenue of $52.17 million during the quarter, compared to the consensus estimate of $51.74 million. On average, equities research analysts predict that Telenav Inc will post -0.68 EPS for the current year.

Several equities research analysts have weighed in on TNAV shares. BidaskClub raised shares of Telenav from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised shares of Telenav from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research note on Saturday, November 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $7.92.

Hedge funds and other institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. grew its holdings in shares of Telenav by 163.4% during the third quarter. Panagora Asset Management Inc. now owns 71,162 shares of the technology company’s stock valued at $359,000 after buying an additional 44,147 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Telenav during the second quarter valued at about $415,000. ARS Investment Partners LLC grew its holdings in shares of Telenav by 11.0% during the third quarter. ARS Investment Partners LLC now owns 201,846 shares of the technology company’s stock valued at $1,019,000 after buying an additional 19,951 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Telenav by 5.7% during the second quarter. Northern Trust Corp now owns 349,901 shares of the technology company’s stock valued at $1,960,000 after buying an additional 18,858 shares during the last quarter. Finally, Wasatch Advisors Inc. acquired a new position in shares of Telenav during the third quarter valued at about $2,706,000. Hedge funds and other institutional investors own 51.99% of the company’s stock.

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About Telenav

Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.

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Insider Buying and Selling by Quarter for Telenav (NASDAQ:TNAV)

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