Geode Capital Management LLC Has $26.94 Million Position in NextNav Inc. (NASDAQ:NN)

Geode Capital Management LLC lifted its position in NextNav Inc. (NASDAQ:NN - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,731,051 shares of the company's stock after purchasing an additional 39,543 shares during the quarter. Geode Capital Management LLC owned 1.33% of NextNav worth $26,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of NextNav by 354.3% in the third quarter. FMR LLC now owns 16,418 shares of the company's stock valued at $123,000 after buying an additional 12,804 shares in the last quarter. State Street Corp increased its position in NextNav by 1.1% in the 3rd quarter. State Street Corp now owns 2,010,131 shares of the company's stock valued at $15,056,000 after acquiring an additional 22,152 shares in the last quarter. Barclays PLC increased its holdings in shares of NextNav by 29.2% in the third quarter. Barclays PLC now owns 291,964 shares of the company's stock valued at $2,187,000 after purchasing an additional 66,039 shares in the last quarter. 272 Capital LP bought a new stake in shares of NextNav during the third quarter worth $756,000. Finally, JPMorgan Chase & Co. raised its holdings in NextNav by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company's stock worth $244,000 after purchasing an additional 616 shares during the last quarter. 79.16% of the stock is owned by institutional investors.

NextNav Trading Down 1.1 %

NN stock traded down $0.13 during midday trading on Friday, reaching $11.81. The company's stock had a trading volume of 764,482 shares, compared to its average volume of 1,049,086. The business's 50-day simple moving average is $11.70 and its 200-day simple moving average is $12.78. The stock has a market cap of $1.56 billion, a PE ratio of -15.75 and a beta of 1.03. NextNav Inc. has a 52 week low of $6.47 and a 52 week high of $18.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN - Get Free Report) last issued its earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.10). The company 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 expect that NextNav Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling at NextNav

In other NextNav news, CAO Sammaad Shams sold 4,005 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the completion of the transaction, the chief accounting officer now directly owns 81,100 shares in the company, valued at $909,131. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Christian D. Gates sold 5,730 shares of the company'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 sale, the chief financial officer now directly owns 857,206 shares in the company, valued at $9,634,995.44. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,705 shares of company stock valued at $816,495. Corporate insiders own 15.70% of the company's stock.

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.