Arun Raghupathy Sells 3,332 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 3,332 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $18.32, for a total value of $61,042.24. Following the completion of the transaction, the senior vice president now directly owns 1,087,019 shares of the company’s stock, valued at $19,914,188.08. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arun Raghupathy also recently made the following trade(s):

• On Monday, November 18th, Arun Raghupathy sold 1,123 shares of NextNav stock. The stock was sold at an average price of $14.27, for a total transaction of $16,025.21.

NextNav Stock Up 1.8 %

Shares of NN opened at $16.76 on Friday. The stock’s 50-day moving average price is $13.94 and its two-hundred day moving average price is $9.87. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $18.54. The company has a market capitalization of $2.19 billion, a PE ratio of -22.35 and a beta of 1.13. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on shares of NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Hedge Funds Weigh In On NextNav

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolf Hill Capital Management LP increased its position in NextNav by 14.6% during the 2nd quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company’s stock valued at $17,218,000 after purchasing an additional 269,754 shares during the period. State Street Corp boosted its stake in shares of NextNav by 1.1% in the 3rd quarter. State Street Corp now owns 2,010,131 shares of the company’s stock valued at $15,056,000 after purchasing an additional 22,152 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of NextNav by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock valued at $12,672,000 after purchasing an additional 158,455 shares during the last quarter. Empyrean Capital Partners LP increased its position in shares of NextNav by 56.6% during the second quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company’s stock worth $5,359,000 after buying an additional 238,845 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in NextNav by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock worth $4,096,000 after buying an additional 57,780 shares during the last quarter. 79.16% of the stock is owned by institutional investors and hedge funds.

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.