NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates Sells 5,730 Shares

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 5,730 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.24, for a total value of $64,405.20. Following the sale, the chief financial officer now owns 857,206 shares of the company’s stock, valued at $9,634,995.44. The trade was a 0.66 % 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 Trading Up 1.1 %

Shares of NASDAQ NN opened at $11.97 on Friday. NextNav Inc. has a one year low of $5.53 and a one year high of $18.54. The firm has a market capitalization of $1.57 billion, a PE ratio of -15.96 and a beta of 1.17. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $12.04.

NextNav (NASDAQ:NN) last announced its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). The business had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. As a group, analysts predict that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextNav

Several institutional investors have recently made changes to their positions in NN. Fleming James B JR acquired a new stake in shares of NextNav during the 4th quarter valued at about $80,618,000. Susquehanna Advisors Group Inc. acquired a new stake in shares of NextNav during the 4th quarter valued at about $67,648,000. Vanguard Group Inc. lifted its holdings in shares of NextNav by 23.3% during the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock valued at $62,505,000 after buying an additional 759,775 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of NextNav by 2,461.2% during the 4th quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock valued at $11,085,000 after buying an additional 684,571 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in NextNav by 466.5% in the 4th quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock worth $10,238,000 after purchasing an additional 541,842 shares during the last quarter. 79.16% of the stock is currently 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.