NextNav (NASDAQ:NN) Hits New 12-Month High at $7.22

Shares of NextNav Inc. (NASDAQ:NNGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $7.22 and last traded at $7.22, with a volume of 71357 shares trading hands. The stock had previously closed at $7.03.

NextNav Price Performance

The stock’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31.

Insider Buying and Selling at NextNav

In related news, SVP Arun Raghupathy sold 23,547 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.23, for a total transaction of $99,603.81. Following the completion of the transaction, the senior vice president now owns 1,130,538 shares in the company, valued at $4,782,175.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other NextNav news, SVP Arun Raghupathy sold 23,547 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.23, for a total transaction of $99,603.81. Following the sale, the senior vice president now directly owns 1,130,538 shares of the company’s stock, valued at $4,782,175.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David L. Knutson sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $5.01, for a total transaction of $100,200.00. Following the sale, the senior vice president now directly owns 655,659 shares in the company, valued at $3,284,851.59. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 883,000 shares of company stock worth $3,806,160 and sold 96,002 shares worth $421,598. 20.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NextNav

Several institutional investors have recently added to or reduced their stakes in NN. BlackRock Inc. lifted its holdings in shares of NextNav by 173.3% in the first quarter. BlackRock Inc. now owns 3,329 shares of the company’s stock worth $25,000 after buying an additional 2,111 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of NextNav in the first quarter worth about $26,000. UBS Group AG increased its position in shares of NextNav by 189.9% in the first quarter. UBS Group AG now owns 4,691 shares of the company’s stock worth $35,000 after purchasing an additional 3,073 shares during the last quarter. Polar Capital Holdings Plc bought a new position in shares of NextNav in the first quarter worth approximately $76,000. Finally, Arizona State Retirement System bought a new position in shares of NextNav in the fourth quarter worth approximately $47,000. 79.16% of the stock is owned by hedge funds and other institutional investors.

About NextNav

(Get Free Report)

NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.

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