NextNav Inc. (NASDAQ:NN) CAO Sells $44,896.05 in Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 4,005 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.21, for a total transaction of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares in the company, valued at approximately $909,131. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sammaad Shams also recently made the following trade(s):

• On Thursday, December 19th, Sammaad Shams sold 102 shares of NextNav stock. The shares were sold at an average price of $16.54, for a total value of $1,687.08.

NextNav Stock Down 0.6 %

Shares of NextNav stock traded down $0.07 on Wednesday, reaching $11.80. The company’s stock had a trading volume of 1,473,196 shares, compared to its average volume of 997,919. NextNav Inc. has a 52 week low of $4.50 and a 52 week high of $18.54. The firm’s fifty day simple moving average is $11.82 and its two-hundred day simple moving average is $12.01. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -15.73 and a beta of 1.17.

NextNav (NASDAQ:NN) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The business had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. Equities analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NN. Fleming James B JR purchased a new stake in NextNav in the fourth quarter worth approximately $80,618,000. Susquehanna Advisors Group Inc. bought a new position in shares of NextNav during the 4th quarter valued at $67,648,000. Vanguard Group Inc. boosted its stake in shares of NextNav by 23.3% in the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock worth $62,505,000 after buying an additional 759,775 shares during the last quarter. Invesco Ltd. grew its holdings in shares of NextNav by 2,461.2% in the fourth quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock worth $11,085,000 after acquiring an additional 684,571 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in shares of NextNav by 466.5% in the fourth quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock worth $10,238,000 after acquiring an additional 541,842 shares during the period. 79.16% of the stock is owned by hedge funds and other institutional investors.

NextNav Company Profile

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.