CFO and Treasurer of TeleNav Inc. (TNAV) Douglas S Miller sells 9,000 shares of TNAV on 02/07/2011 at an average price of $10.06 a share.

Telenav Inc. has a market cap of $375.5 million; its shares were traded at around $10.11 with and P/S ratio of 2.2.

CFO Recent Trades:

• Sell: CFO & Treasurer Douglas S Miller sold 6,864 shares of TNAV stock on 12/07/2010 at the average price of 7. The price of the stock has increased by 44.43% since.


• Sell: CFO & Treasurer Douglas S Miller sold 10,000 shares of TNAV stock on 11/16/2010 at the average price of 7.16. The price of the stock has increased by 41.2% since.

This is the insider trade history vs. stock price of TNAV. For the complete insider trading history of TNAV, click here.

Directors and Officers Recent Trades:

• Sell: General Counsel and Secretary Loren E Hillberg sold 5,000 shares of TNAV stock on 02/02/2011 at the average price of 10. The price of the stock has increased by 1.1% since.


• Sell: Chief Technical Officer Robert W Rennard sold 8,000 shares of TNAV stock on 02/02/2011 at the average price of 9.62. Robert W Rennard owns at least 934,927 shares after this. The price of the stock has increased by 5.09% since.


• Sell: VP, Business Development Hassan Wahla sold 10,000 shares of TNAV stock on 02/01/2011 at the average price of 10.09. The price of the stock has increased by 0.2% since.


• Sell: Chief Technical Officer Robert W Rennard sold 8,000 shares of TNAV stock on 12/15/2010 at the average price of 7.09. Robert W Rennard owns at least 769,305 shares after this. The price of the stock has increased by 42.6% since.


• Sell: General Counsel and Secretary Loren E Hillberg sold 12,000 shares of TNAV stock on 12/14/2010 at the average price of 7.19. The price of the stock has increased by 40.61% since.

For the complete insider trading history of TNAV, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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