Timothy Gray Sells 1,405 Shares of NextNav (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) CFO Timothy Gray sold 1,405 shares of NextNav stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $18.11, for a total transaction of $25,444.55. Following the sale, the chief financial officer owned 131,786 shares of the company’s stock, valued at approximately $2,386,644.46. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

NextNav Price Performance

NN stock opened at $18.52 on Wednesday. The company has a market capitalization of $2.51 billion, a P/E ratio of -12.03 and a beta of 0.96. NextNav Inc. has a 12 month low of $10.64 and a 12 month high of $19.91. The firm’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $15.27.

NextNav (NASDAQ:NN) last issued its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). The firm had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $0.86 million. NextNav had a negative net margin of 4,503.43% and a negative return on equity of 556.83%. As a group, sell-side analysts forecast that NextNav Inc. will post -0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NN. Wall Street Zen cut NextNav from a “hold” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextNav in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in shares of NextNav by 732.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,127 shares of the company’s stock worth $69,000 after acquiring an additional 3,631 shares during the period. Corient Private Wealth LLC grew its position in shares of NextNav by 104.7% during the 4th quarter. Corient Private Wealth LLC now owns 35,042 shares of the company’s stock valued at $583,000 after acquiring an additional 17,921 shares during the period. Tudor Investment Corp ET AL grew its position in shares of NextNav by 57.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 99,942 shares of the company’s stock valued at $1,663,000 after acquiring an additional 36,563 shares during the period. Occudo Quantitative Strategies LP purchased a new position in shares of NextNav in the 4th quarter valued at about $481,000. Finally, Osterweis Capital Management Inc. acquired a new position in NextNav in the 4th quarter worth about $109,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav News Roundup

Here are the key news stories impacting NextNav this week:

• Positive Sentiment: Unusually large call-option volume — Traders bought roughly 44,566 call options (a ~545% jump versus typical daily call volume), which can signal bullish bets or hedged positioning that may provide upward pressure or volatility support.
• Neutral Sentiment: Reported short-interest data appears to be erroneous or shows zero short interest (entries list 0 shares and NaN changes), so short-squeeze dynamics are unlikely to be a current driver based on available data.
• Negative Sentiment: Multiple insider equity sales by senior executives — CFO Timothy Gray sold 1,405 shares at ~$18.11, General Counsel James S. Black sold 9,429 shares at ~$17.97, and CAO Sammaad Shams sold 1,767 shares. Insider selling at recent prices can be interpreted negatively by investors. Insider Trades: Timothy Gray Sells
• Negative Sentiment: Analyst sentiment leans negative — at least one firm recently cut NN to a strong-sell / sell view, which can depress demand from institutional and retail investors. See company coverage and recent analyst notes. MarketBeat: NextNav Coverage

About NextNav

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.