NextNav (NASDAQ:NN) CAO Sells $25,594.24 in Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 1,576 shares of NextNav stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $16.24, for a total value of $25,594.24. Following the transaction, the chief accounting officer owned 65,995 shares of the company’s stock, valued at $1,071,758.80. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, September 19th, Sammaad Shams sold 102 shares of NextNav stock. The shares were sold at an average price of $17.34, for a total value of $1,768.68.

NextNav Stock Performance

NextNav stock opened at $16.90 on Friday. NextNav Inc. has a fifty-two week low of $9.05 and a fifty-two week high of $18.25. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -13.00 and a beta of 0.99. The stock has a fifty day moving average of $13.74 and a two-hundred day moving average of $14.68. The company has a debt-to-equity ratio of 32.42, a quick ratio of 11.54 and a current ratio of 11.53.

NextNav (NASDAQ:NN) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $0.89 million for the quarter, compared to the consensus estimate of $1.13 million. NextNav had a negative return on equity of 556.83% and a negative net margin of 3,109.88%. On average, analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

NN has been the topic of several analyst reports. Zacks Research raised shares of NextNav from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen downgraded shares of NextNav from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextNav in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NN. Vanguard Group Inc. boosted its position in shares of NextNav by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,359,543 shares of the company’s stock worth $90,941,000 after acquiring an additional 40,814 shares during the last quarter. Susquehanna Advisors Group Inc. boosted its holdings in shares of NextNav by 12.1% in the 3rd quarter. Susquehanna Advisors Group Inc. now owns 5,407,345 shares of the company’s stock valued at $77,325,000 after purchasing an additional 584,804 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of NextNav by 11.0% in the 1st quarter. Ancora Advisors LLC now owns 2,237,736 shares of the company’s stock valued at $27,233,000 after purchasing an additional 221,486 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NextNav by 6.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,933,030 shares of the company’s stock valued at $29,385,000 after buying an additional 115,261 shares during the period. Finally, Empyrean Capital Partners LP increased its holdings in shares of NextNav by 21.7% during the 1st quarter. Empyrean Capital Partners LP now owns 1,685,000 shares of the company’s stock worth $20,506,000 after buying an additional 300,000 shares during the last quarter. 79.16% of the stock is currently 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.