TeleNav Inc. (TNAV) CFO and Treasurer Douglas S Miller sells 5,000 Shares

CFO and Treasurer of TeleNav Inc. (TNAV) Douglas S Miller sells 5,000 shares of TNAV on 12/07/2011 at an average price of $8.33 a share.

Telenav Inc. has a market cap of $345 million; its shares were traded at around $8.36 with a P/E ratio of 9.8 and P/S ratio of 1.6.

CFO Recent Trades:

• CFO and Treasurer Douglas S Miller sold 5,000 shares of TNAV stock on 11/07/2011 at the average price of 8.98. The price of the stock has decreased by 6.9% since.
• CFO and Treasurer Douglas S Miller sold 5,000 shares of TNAV stock on 10/07/2011 at the average price of 9.15. The price of the stock has decreased by 8.63% since.
• CFO and Treasurer Douglas S Miller sold 5,000 shares of TNAV stock on 09/08/2011 at the average price of 8.96. The price of the stock has decreased by 6.7% since.
• CFO and Treasurer Douglas S Miller sold 5,000 shares of TNAV stock on 08/05/2011 at the average price of 9.33. The price of the stock has decreased by 10.4% since.
• CFO and Treasurer Douglas S Miller sold 9,000 shares of TNAV stock on 07/08/2011 at the average price of 20.01. The price of the stock has decreased by 58.22% 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:

• VP, Research and Development Y.c. Chao sold 6,000 shares of TNAV stock on 12/06/2011 at the average price of 8.44. Y.c. Chao owns at least 852,800 shares after this. The price of the stock has decreased by 0.95% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 12/05/2011 at the average price of 8.81. Robert W Rennard owns at least 789,987 shares after this. The price of the stock has decreased by 5.11% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 11/28/2011 at the average price of 8.61. Robert W Rennard owns at least 795,987 shares after this. The price of the stock has decreased by 2.9% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 11/21/2011 at the average price of 9.06. Robert W Rennard owns at least 801,987 shares after this. The price of the stock has decreased by 7.73% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 11/14/2011 at the average price of 9.2. Robert W Rennard owns at least 803,627 shares after this. The price of the stock has decreased by 9.13% 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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