TeleNav Inc. (TNAV) CFO and Treasurer Douglas S Miller sells 7,344 Shares

CFO and Treasurer of TeleNav Inc. (TNAV) Douglas S Miller sells 7,344 shares of TNAV on 02/02/2012 at an average price of $7.42 a share.

Telenav Inc. has a market cap of $302 million; its shares were traded at around $7.32 with a P/E ratio of 8.5 and P/S ratio of 1.5.

CFO Recent Trades:

• CFO and Treasurer Douglas S Miller sold 7,656 shares of TNAV stock on 01/31/2012 at the average price of 7.49. The price of the stock has decreased by 2.27% since.
• CFO and Treasurer Douglas S Miller sold 5,000 shares of TNAV stock on 01/06/2012 at the average price of 7.74. The price of the stock has decreased by 5.43% since.
• CFO and Treasurer Douglas S Miller sold 5,000 shares of TNAV stock on 12/07/2011 at the average price of 8.33. The price of the stock has decreased by 12.12% since.
• 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 18.49% 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 20% 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:

• Director Hon Jane (jason) Chiu sold 700 shares of TNAV stock on 01/31/2012 at the average price of 7.62. Hon Jane (jason) Chiu owns at least 1,690,107 shares after this. The price of the stock has decreased by 3.94% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 01/30/2012 at the average price of 7.64. Robert W Rennard owns at least 823,470 shares after this. The price of the stock has decreased by 4.19% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 01/23/2012 at the average price of 8.01. Robert W Rennard owns at least 829,470 shares after this. The price of the stock has decreased by 8.61% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 01/17/2012 at the average price of 7.86. Robert W Rennard owns at least 753,987 shares after this. The price of the stock has decreased by 6.87% since.
• Chief Technical Officer Robert W Rennard sold 6,000 shares of TNAV stock on 01/09/2012 at the average price of 7.61. Robert W Rennard owns at least 759,987 shares after this. The price of the stock has decreased by 3.81% 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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