Insider Selling: NextNav (NASDAQ:NN) CAO Sells $77,085.30 in Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 3,945 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $19.54, for a total value of $77,085.30. Following the sale, the chief accounting officer directly owned 72,950 shares of the company’s stock, valued at $1,425,443. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 20th, Sammaad Shams sold 1,767 shares of NextNav stock. The shares were sold at an average price of $18.11, for a total value of $32,000.37.
• On Thursday, March 19th, Sammaad Shams sold 115 shares of NextNav stock. The shares were sold at an average price of $17.80, for a total value of $2,047.00.
• On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The stock was sold at an average price of $16.86, for a total value of $55,587.42.

NextNav Trading Down 14.5%

NASDAQ NN opened at $15.27 on Tuesday. The firm has a market capitalization of $2.07 billion, a P/E ratio of -9.92 and a beta of 0.96. The business has a fifty day simple moving average of $16.46 and a 200 day simple moving average of $15.31. NextNav Inc. has a 12 month low of $10.64 and a 12 month high of $19.91.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a report on Thursday, January 22nd. Wall Street Zen lowered shares of NextNav from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. One 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, the company currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in shares of NextNav by 6.6% during the 4th quarter. Russell Investments Group Ltd. now owns 10,950 shares of the company’s stock worth $182,000 after purchasing an additional 675 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NextNav by 1.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,253 shares of the company’s stock valued at $733,000 after buying an additional 714 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NextNav by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,213 shares of the company’s stock valued at $3,332,000 after buying an additional 863 shares during the period. Ameritas Investment Partners Inc. increased its holdings in NextNav by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 8,990 shares of the company’s stock worth $137,000 after buying an additional 892 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in NextNav by 347.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock worth $37,000 after buying an additional 1,721 shares during the last quarter. Institutional investors own 79.16% of the company’s stock.

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.