Insider Selling: NextNav Inc. (NASDAQ:NN) SVP Sells 1,123 Shares of Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 1,123 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $14.27, for a total transaction of $16,025.21. Following the completion of the sale, the senior vice president now owns 1,090,351 shares of the company’s stock, valued at $15,559,308.77. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NextNav Price Performance

NN opened at $15.49 on Friday. The business has a fifty day moving average of $10.21 and a 200 day moving average of $8.62. The stock has a market cap of $2.00 billion, a P/E ratio of -20.72 and a beta of 0.94. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $17.02.

Analysts Set New Price Targets

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

Institutional Trading of NextNav

A number of large investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in shares of NextNav during the second quarter valued at approximately $50,000. Principal Financial Group Inc. purchased a new position in NextNav during the 2nd quarter worth $82,000. Quest Partners LLC bought a new stake in NextNav during the 2nd quarter valued at $88,000. King Luther Capital Management Corp purchased a new stake in shares of NextNav in the 3rd quarter worth $90,000. Finally, Wolverine Asset Management LLC grew its position in shares of NextNav by 323.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after buying an additional 9,248 shares in the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.

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.