NextNav Inc. (NASDAQ:NN - Get Free Report) CFO Christian D. Gates sold 5,730 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the transaction, the chief financial officer now directly owns 857,206 shares of the company's stock, valued at approximately $9,634,995.44. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
NextNav Stock Performance
NextNav stock traded up $0.13 during trading hours on Friday, hitting $11.97. 1,672,673 shares of the stock traded hands, compared to its average volume of 995,544. The firm's 50 day moving average price is $11.78 and its 200-day moving average price is $12.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -15.96 and a beta of 1.17. NextNav Inc. has a 1 year low of $6.19 and a 1 year high of $18.54.
NextNav (NASDAQ:NN - Get Free Report) last released its 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 firm had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. As a group, equities analysts expect that NextNav Inc. will post -0.74 EPS for the current fiscal year.
Institutional Trading of NextNav
Several large investors have recently made changes to their positions in NN. US Bancorp DE purchased a new stake in shares of NextNav in the fourth quarter worth about $28,000. Russell Investments Group Ltd. lifted its holdings in NextNav by 112.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock valued at $30,000 after acquiring an additional 1,018 shares during the period. Golden State Wealth Management LLC acquired a new position in NextNav in the fourth quarter valued at approximately $78,000. King Luther Capital Management Corp purchased a new stake in NextNav in the 3rd quarter worth approximately $90,000. Finally, FMR LLC grew its stake in shares of NextNav by 354.3% during the 3rd quarter. FMR LLC now owns 16,418 shares of the company's stock worth $123,000 after purchasing an additional 12,804 shares during the period. 79.16% of the stock is owned by hedge funds and other institutional investors.
About NextNav
(
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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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