Commonwealth Equity Services LLC Purchases 203,734 Shares of NextNav Inc. (NASDAQ:NN)

Commonwealth Equity Services LLC grew its position in NextNav Inc. (NASDAQ:NN - Free Report) by 1,580.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,625 shares of the company's stock after purchasing an additional 203,734 shares during the period. Commonwealth Equity Services LLC owned about 0.17% of NextNav worth $3,371,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of NextNav by 1.1% during the third quarter. State Street Corp now owns 2,010,131 shares of the company's stock worth $15,056,000 after acquiring an additional 22,152 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NextNav by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company's stock valued at $12,672,000 after purchasing an additional 158,455 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of NextNav by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,254 shares of the company's stock valued at $8,967,000 after purchasing an additional 29,448 shares in the last quarter. Ingalls & Snyder LLC boosted its position in shares of NextNav by 1.5% during the fourth quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company's stock worth $4,690,000 after buying an additional 4,500 shares during the period. Finally, Barclays PLC grew its holdings in shares of NextNav by 29.2% during the third quarter. Barclays PLC now owns 291,964 shares of the company's stock worth $2,187,000 after buying an additional 66,039 shares in the last quarter. Institutional investors and hedge funds own 79.16% of the company's stock.

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Insider Buying and Selling at NextNav

In other news, CEO Mariam Sorond sold 62,868 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the transaction, the chief executive officer now directly owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. The trade was a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Christian D. Gates sold 5,730 shares of the stock in a transaction dated Monday, March 17th. The shares were 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 in the company, valued at $9,634,995.44. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,705 shares of company stock worth $816,495 over the last ninety days. 15.70% of the stock is currently owned by corporate insiders.

NextNav Stock Down 0.7 %

NASDAQ NN traded down $0.09 during trading on Friday, hitting $12.91. The stock had a trading volume of 1,405,106 shares, compared to its average volume of 1,017,013. The company has a market capitalization of $1.70 billion, a PE ratio of -17.21 and a beta of 1.17. NextNav Inc. has a 12 month low of $6.42 and a 12 month high of $18.54. The company's 50-day moving average price is $11.79 and its two-hundred day moving average price is $12.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01.

NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The business had revenue of $1.91 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that NextNav Inc. will post -0.74 EPS for the current year.

NextNav 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.