Telenav, Inc. (TNAV) Files Form 4 Insider Selling : Michael Strambi Sells 8,500 Shares

Telenav, Inc. (TNAV): Michael Strambi , CFO of Telenav, Inc. sold 8,500 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $5.45 per share for a total value of $46,325.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 29, 2016, Loren E Hillberg (General Counsel) sold 6,242 shares at $5.95 per share price.On Aug 10, 2016, H.p. Jin (CEO) purchased 7,500 shares at $5.36 per share price.Also, On Jun 8, 2016, Ken Xie (director) purchased 100 shares at $5.00 per share price.On Mar 8, 2016, Rohan Chandran (VP, Mobile) sold 7,405 shares at $6.12 per share price.

Telenav Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Telenav Inc which led to swings in the share price. The shares opened for trading at $5.43 and hit $5.53 on the upside , eventually ending the session at $5.53, with a gain of 1.28% or 0.07 points. The heightened volatility saw the trading volume jump to 73,702 shares. The 52-week high of the share price is $8.3 and the company has a market cap of $236 M . The 52-week low of the share price is at $4.47.

Telenav Inc Money Flow Index Chart

TeleNav Inc. provides of location-based platform services consisting of map and navigation platform and advertising delivery platform. The Company’s map and navigation platform delivers location based services to developers auto manufacturers and end users. The Company’s uses map and navigation platform as the basis for delivering enhanced mobile applications. The Company offers its map and navigation platform services to auto manufacturers and original equipment manufacturers for distribution with their vehicles. The Company’s advertising delivery platform delivers targeted advertising services leveraging its location expertise. The advertising delivery platform offers advertisers significant audience reach sophisticated targeting capabilities and the ability to deliver interactive and engaging ad experiences to consumers on their mobile devices. The Company provides services in Automotive Navigation Advertising Network Services and Mobile Navigation Services.

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