NextNav Target of Unusually Large Options Trading (NASDAQ:NN)

NextNav Inc. (NASDAQ:NN) was the recipient of some unusual options trading on Friday. Stock traders purchased 10,644 call options on the stock. This is an increase of approximately 240% compared to the typical daily volume of 3,135 call options.

Insider Buying and Selling at NextNav

In other news, SVP Arun Raghupathy sold 3,332 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 owns 1,087,019 shares in the company, valued at $19,914,188.08. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christian D. Gates sold 3,918 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the completion of the transaction, the chief financial officer now owns 815,722 shares of the company’s stock, valued at $14,397,493.30. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,908 shares of company stock valued at $141,851 in the last 90 days. 11.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NextNav

A number of institutional investors have recently made changes to their positions in NN. US Bancorp DE bought a new stake in shares of NextNav during the fourth quarter worth approximately $28,000. Russell Investments Group Ltd. boosted its holdings in shares of NextNav by 112.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company’s stock worth $30,000 after acquiring an additional 1,018 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of NextNav during the fourth quarter worth approximately $78,000. King Luther Capital Management Corp bought a new stake in shares of NextNav during the third quarter worth approximately $90,000. Finally, FMR LLC boosted its holdings in shares of NextNav by 354.3% during the third quarter. FMR LLC now owns 16,418 shares of the company’s stock worth $123,000 after acquiring an additional 12,804 shares during the period. Institutional investors own 79.16% of the company’s stock.

NextNav Trading Down 1.4 %

NextNav stock opened at $11.04 on Friday. NextNav has a 52 week low of $3.95 and a 52 week high of $18.54. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a market capitalization of $1.44 billion, a P/E ratio of -14.72 and a beta of 1.17. The stock has a 50-day simple moving average of $11.90 and a 200 day simple moving average of $11.89.

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

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.