Insider Selling: NextNav Inc. (NASDAQ:NN) CAO Sells 4,005 Shares of Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 4,005 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now directly owns 81,100 shares of the company’s stock, valued at approximately $909,131. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, March 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $11.63, for a total value of $1,186.26.
• On Thursday, December 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $16.54, for a total value of $1,687.08.

NextNav Price Performance

Shares of NN opened at $11.97 on Friday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -15.96 and a beta of 1.17. The stock has a 50 day moving average of $11.78 and a 200-day moving average of $12.04. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a 52 week low of $5.53 and a 52 week high of $18.54.

NextNav (NASDAQ:NN) last issued its earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The firm had revenue of $1.91 million during the quarter, compared to analyst estimates of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. As a group, analysts forecast that NextNav Inc. will post -0.74 EPS for the current year.

Institutional Inflows and Outflows

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

About NextNav

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.