Charles Schwab Investment Management Inc. grew its holdings in NextNav Inc. (NASDAQ:NN - Free Report) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,806 shares of the company's stock after purchasing an additional 57,780 shares during the period. Charles Schwab Investment Management Inc. owned about 0.43% of NextNav worth $4,096,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC bought a new position in NextNav during the second quarter valued at approximately $50,000. Principal Financial Group Inc. bought a new position in shares of NextNav during the 2nd quarter valued at $82,000. Quest Partners LLC purchased a new position in shares of NextNav in the 2nd quarter worth $88,000. King Luther Capital Management Corp bought a new stake in shares of NextNav in the third quarter worth $90,000. Finally, Wolverine Asset Management LLC increased its position in NextNav by 323.6% during the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company's stock valued at $98,000 after acquiring an additional 9,248 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company's stock.
Insider Transactions at NextNav
In related news, CEO Mariam Sorond sold 200,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $16.40, for a total value of $3,280,000.00. Following the completion of the sale, the chief executive officer now owns 1,574,117 shares in the company, valued at approximately $25,815,518.80. The trade was a 11.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 201,459 shares of company stock worth $3,300,854. 15.70% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Separately, B. Riley raised their target price on NextNav from $12.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 14th.
View Our Latest Analysis on NextNav
NextNav Price Performance
NN traded down $0.40 during trading hours on Friday, hitting $16.79. The company's stock had a trading volume of 794,789 shares, compared to its average volume of 877,961. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -22.39 and a beta of 1.13. The business's 50-day moving average price is $13.18 and its 200-day moving average price is $9.62. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $18.10.
NextNav Company Profile
(
Free Report)
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.
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