Barclays PLC Acquires 66,039 Shares of NextNav Inc. (NASDAQ:NN)

Barclays PLC boosted its holdings in shares of NextNav Inc. (NASDAQ:NN - Free Report) by 29.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 291,964 shares of the company's stock after purchasing an additional 66,039 shares during the quarter. Barclays PLC owned about 0.23% of NextNav worth $2,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its position in NextNav by 1.0% during the 2nd quarter. Raymond James & Associates now owns 156,000 shares of the company's stock valued at $1,265,000 after purchasing an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp increased its stake in NextNav by 47.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 217,143 shares of the company's stock valued at $1,761,000 after purchasing an additional 70,343 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in NextNav during the 2nd quarter valued at about $82,000. Ingalls & Snyder LLC lifted its position in NextNav by 20.7% during the second quarter. Ingalls & Snyder LLC now owns 296,900 shares of the company's stock valued at $2,408,000 after purchasing an additional 51,000 shares during the period. Finally, nVerses Capital LLC acquired a new stake in NextNav during the 2nd quarter worth about $50,000. Institutional investors own 79.16% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley increased their price target on NextNav from $12.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 14th.

NextNav Price Performance

Shares of NASDAQ NN traded up $1.76 during midday trading on Thursday, reaching $16.68. The company's stock had a trading volume of 1,343,687 shares, compared to its average volume of 901,816. NextNav Inc. has a one year low of $3.55 and a one year high of $18.54. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -22.24 and a beta of 1.13. The company has a 50 day moving average price of $14.51 and a 200 day moving average price of $10.09. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81.

Insider Transactions at NextNav

In other NextNav news, CEO Mariam Sorond sold 200,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $16.40, for a total value of $3,280,000.00. Following the sale, the chief executive officer now owns 1,574,117 shares of the company's stock, valued at $25,815,518.80. The trade was a 11.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christian D. Gates sold 3,918 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 815,722 shares in the company, valued at approximately $14,397,493.30. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 209,367 shares of company stock worth $3,442,705 in the last 90 days. 15.70% of the stock is owned by insiders.

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.