Telenav, Inc. (TNAV) Forms $5.30 Double Bottom; Kynikos Associates LP Has Lifted Western Digital (WDC) Position By $1.69 Million

Telenav, Inc. (TNAV) formed double bottom with $4.82 target or 9.00% below today’s $5.30 share price. Telenav, Inc. (TNAV) has $236.13 million valuation. The stock increased 1.92% or $0.1 during the last trading session, reaching $5.3. About 149,638 shares traded or 30.17% up from the average. Telenav, Inc. (NASDAQ:TNAV) has risen 88.62% since February 12, 2017 and is uptrending. It has outperformed by 71.92% the S&P500.

Kynikos Associates Lp increased Western Digital Corp (WDC) stake by 85.12% reported in 2017Q3 SEC filing. Kynikos Associates Lp acquired 19,691 shares as Western Digital Corp (WDC)’s stock rose 15.69%. The Kynikos Associates Lp holds 42,824 shares with $3.70 million value, up from 23,133 last quarter. Western Digital Corp now has $23.84 billion valuation. The stock increased 0.62% or $0.5 during the last trading session, reaching $80.59. About 4.63M shares traded or 6.29% up from the average. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since February 12, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.16, from 0.97 in 2017Q2. It worsened, as 12 investors sold Telenav, Inc. shares while 24 reduced holdings. 7 funds opened positions while 22 raised stakes. 17.38 million shares or 6.37% less from 18.57 million shares in 2017Q2 were reported. Fuller And Thaler Asset Mngmt has 0.02% invested in Telenav, Inc. (NASDAQ:TNAV). 61,769 are owned by Prelude Capital Management Lc. Clarivest Asset Mngmt Lc owns 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 6,742 shares. Royal Savings Bank Of Canada holds 0% or 3,527 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys has 12,085 shares. Nationwide Fund invested in 0% or 40,426 shares. Nordea Invest Mgmt has 6,742 shares for 0% of their portfolio. Dimensional Fund Advsrs Lp reported 1.24M shares. Mufg Americas Holdg Corp holds 190 shares or 0% of its portfolio. Granite Point Mgmt Ltd Partnership reported 61,600 shares. Essex Inv Mngmt Ltd Limited Liability Company accumulated 244,268 shares. California State Teachers Retirement holds 48,004 shares. Moreover, Alliancebernstein L P has 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 22,100 shares. Lyon Street Capital Limited Company stated it has 1.22% in Telenav, Inc. (NASDAQ:TNAV). Prudential Fincl has 0% invested in Telenav, Inc. (NASDAQ:TNAV).

Since February 6, 2018, it had 1 insider buy, and 0 selling transactions for $50,650 activity. 10,000 shares were bought by Jin H.P., worth $50,650.

Among 5 analysts covering Telenav (NASDAQ:TNAV), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Telenav has $15 highest and $9.0 lowest target. $11.13’s average target is 110.00% above currents $5.3 stock price. Telenav had 7 analyst reports since August 24, 2015 according to SRatingsIntel. B. Riley & Co initiated it with “Buy” rating and $15 target in Monday, August 24 report. The stock of Telenav, Inc. (NASDAQ:TNAV) has “Outperform” rating given on Monday, October 17 by FBR Capital. The firm has “Buy” rating given on Monday, July 10 by Northland Capital. The stock of Telenav, Inc. (NASDAQ:TNAV) earned “Neutral” rating by Sidoti on Friday, January 20. The rating was maintained by Craig Hallum on Thursday, December 21 with “Buy”.

Investors sentiment is 1.12 in Q3 2017. Its the same as in 2017Q2. It is the same, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Grantham Mayo Van Otterloo Com Limited Liability Corporation stated it has 369,500 shares or 0.19% of all its holdings. Amp Cap Limited accumulated 253,128 shares or 0.12% of the stock. North Star Asset Management Inc has invested 0.09% in Western Digital Corporation (NASDAQ:WDC). Kentucky Retirement Insurance Trust Fund has 7,701 shares for 0.12% of their portfolio. Of Vermont has invested 0% in Western Digital Corporation (NASDAQ:WDC). 42,686 are held by Stevens Mngmt Limited Partnership. Blair William & Il holds 0.01% or 7,908 shares in its portfolio. Fifth Third Bank invested in 0% or 6,282 shares. Aperio Gp Ltd Liability Com accumulated 0.08% or 163,170 shares. Fort Washington Investment Advsr Oh invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Sterling Cap Mngmt Ltd stated it has 48,112 shares. Art Advisors Llc holds 0.27% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 61,000 shares. Vident Advisory Limited Liability Company reported 29,165 shares. Moreover, Cornerstone Capital Llc has 0.39% invested in Western Digital Corporation (NASDAQ:WDC) for 576,655 shares. Jacobs Levy Equity Mgmt holds 0.49% or 290,913 shares.

Kynikos Associates Lp decreased Vanguard Star Fd (VXUS) stake by 14,773 shares to 118,180 valued at $6.47 million in 2017Q3. It also reduced Vaneck Vectors Etf Tr (Call) stake by 448,000 shares and now owns 130,900 shares. Ishares Tr (Call) (EFA) was reduced too.

Since August 14, 2017, it had 0 buys, and 9 insider sales for $15.92 million activity. On Wednesday, August 16 Sivaram Srinivasan sold $263,330 worth of Western Digital Corporation (NASDAQ:WDC) or 3,098 shares. RAY MICHAEL CHARLES sold 35,009 shares worth $3.04 million. 1,517 Western Digital Corporation (NASDAQ:WDC) shares with value of $122,831 were sold by LONG MARK P. CORDANO MICHAEL D also sold $302,975 worth of Western Digital Corporation (NASDAQ:WDC) shares. BHATIA MANISH H had sold 20,130 shares worth $1.66 million. Shares for $8.00 million were sold by MILLIGAN STEPHEN D.

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