NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams Sells 4,005 Shares

NextNav Inc. (NASDAQ:NN - Get Free Report) CAO Sammaad Shams sold 4,005 shares of the company'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 sale, the chief accounting officer now owns 81,100 shares in the company, valued at approximately $909,131. This represents a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sammaad Shams also recently made the following trade(s):

• On Wednesday, March 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $11.63, for a total value of $1,186.26.
• On Thursday, December 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $16.54, for a total value of $1,687.08.

NextNav Price Performance

NASDAQ NN traded up $0.13 during trading hours on Friday, reaching $11.97. The company's stock had a trading volume of 1,672,673 shares, compared to its average volume of 995,544. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a market cap of $1.57 billion, a PE ratio of -15.96 and a beta of 1.17. The company's 50-day moving average is $11.78 and its two-hundred day moving average is $12.07. NextNav Inc. has a fifty-two week low of $6.19 and a fifty-two week high of $18.54.

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NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share 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 business had revenue of $1.91 million for the quarter, compared to analysts' expectations of $1.73 million. Analysts forecast that NextNav Inc. will post -0.74 EPS for the current year.

Hedge Funds Weigh In On NextNav

Hedge funds have recently bought and sold shares of the stock. Fleming James B JR purchased a new stake in shares of NextNav in the fourth quarter valued at $80,618,000. Susquehanna Advisors Group Inc. purchased a new position in NextNav in the 4th quarter valued at about $67,648,000. Vanguard Group Inc. boosted its stake in shares of NextNav by 23.3% during the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company's stock worth $62,505,000 after purchasing an additional 759,775 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of NextNav by 14.9% during the fourth quarter. Ancora Advisors LLC now owns 2,016,250 shares of the company's stock worth $31,373,000 after buying an additional 261,000 shares in the last quarter. Finally, State Street Corp raised its position in shares of NextNav by 1.1% in the third quarter. State Street Corp now owns 2,010,131 shares of the company's stock valued at $15,056,000 after buying an additional 22,152 shares during the last quarter. Hedge funds and other institutional investors own 79.16% 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.