NextNav Inc. (NASDAQ:NN - Get Free Report) SVP Arun Raghupathy sold 3,332 shares of NextNav stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.32, for a total value of $61,042.24. Following the sale, the senior vice president now directly owns 1,087,019 shares in the company, valued at approximately $19,914,188.08. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Arun Raghupathy also recently made the following trade(s):
- On Monday, November 18th, Arun Raghupathy sold 1,123 shares of NextNav stock. The shares were sold at an average price of $14.27, for a total value of $16,025.21.
NextNav Price Performance
Shares of NextNav stock traded down $1.08 during trading on Wednesday, hitting $16.47. 1,728,756 shares of the company's stock traded hands, compared to its average volume of 888,222. NextNav Inc. has a twelve month low of $3.55 and a twelve month high of $18.54. 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 company has a market cap of $2.15 billion, a PE ratio of -21.96 and a beta of 1.13. The firm's fifty day moving average price is $13.58 and its 200 day moving average price is $9.78.
Wall Street Analysts Forecast Growth
Separately, B. Riley lifted their price target on shares of NextNav from $12.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th.
Read Our Latest Stock Report on NN
Institutional Investors Weigh In On NextNav
Several large investors have recently modified their holdings of NN. 272 Capital LP acquired a new stake in shares of NextNav in the 3rd quarter valued at $756,000. Geode Capital Management LLC lifted its holdings in NextNav by 10.3% during 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 last quarter. Barclays PLC boosted its position in 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 buying an additional 66,039 shares in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Finally, Paloma Partners Management Co bought a new stake in NextNav during the third quarter worth about $1,060,000. 79.16% of the stock is currently owned by institutional investors.
About NextNav
(
Get 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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