NextNav Inc. (NASDAQ:NN - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.30 and last traded at $18.11, with a volume of 647866 shares. The stock had previously closed at $16.79.
Analyst Upgrades and Downgrades
Separately, B. Riley upped their target price on shares of NextNav from $12.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, November 14th.
Read Our Latest Research Report on NN
NextNav Stock Performance
The firm has a market capitalization of $2.32 billion, a PE ratio of -24.00 and a beta of 1.13. 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 50-day moving average price of $13.18 and a 200-day moving average price of $9.64.
Insider Activity
In other NextNav news, CEO Mariam Sorond sold 200,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $16.40, for a total transaction of $3,280,000.00. Following the sale, the chief executive officer now directly owns 1,574,117 shares of the company's stock, valued at approximately $25,815,518.80. This represents a 11.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 201,459 shares of company stock worth $3,300,854. 15.70% of the stock is currently owned by corporate insiders.
Institutional Trading of NextNav
A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of NextNav by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company's stock valued at $4,096,000 after purchasing an additional 57,780 shares during the period. 272 Capital LP bought a new position in NextNav in the 3rd quarter valued at about $756,000. Wittenberg Investment Management Inc. acquired a new position in NextNav during the 3rd quarter valued at about $366,000. Paloma Partners Management Co bought a new stake in shares of NextNav during the 3rd quarter worth about $1,060,000. Finally, Wolf Hill Capital Management LP lifted its stake in shares of NextNav by 14.6% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company's stock worth $17,218,000 after acquiring an additional 269,754 shares during the period. Institutional investors and hedge funds own 79.16% of the company's stock.
NextNav Company Profile
(
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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