NextNav (NASDAQ:NN) CEO Sells $190,775.70 in Stock

NextNav Inc. (NASDAQ:NNGet Free Report) CEO Mariam Sorond sold 11,322 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.85, for a total value of $190,775.70. Following the transaction, the chief executive officer owned 1,259,624 shares of the company’s stock, valued at $21,224,664.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mariam Sorond also recently made the following trade(s):

  • On Tuesday, March 3rd, Mariam Sorond sold 69,853 shares of NextNav stock. The shares were sold at an average price of $16.91, for a total transaction of $1,181,214.23.

NextNav Stock Up 1.4%

NextNav stock traded up $0.26 during midday trading on Thursday, hitting $18.54. 1,777,003 shares of the stock were exchanged, compared to its average volume of 1,203,030. The company has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $15.26. NextNav Inc. has a 52 week low of $10.64 and a 52 week high of $19.91.

NextNav (NASDAQ:NNGet Free Report) last issued its earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The firm had revenue of $0.95 million during the quarter, compared to the consensus estimate of $0.86 million. NextNav had a negative net margin of 4,503.43% and a negative return on equity of 556.83%. As a group, sell-side analysts anticipate that NextNav Inc. will post -0.74 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of NextNav by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 6,932,757 shares of the company’s stock worth $115,361,000 after acquiring an additional 573,214 shares during the period. Susquehanna Advisors Group Inc. boosted its stake in NextNav by 1.4% in the 4th quarter. Susquehanna Advisors Group Inc. now owns 5,482,340 shares of the company’s stock worth $91,226,000 after purchasing an additional 74,995 shares during the period. Geode Capital Management LLC increased its holdings in NextNav by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 2,268,473 shares of the company’s stock worth $37,754,000 after purchasing an additional 100,058 shares in the last quarter. State Street Corp increased its holdings in NextNav by 1.9% during the 4th quarter. State Street Corp now owns 2,171,877 shares of the company’s stock worth $36,140,000 after purchasing an additional 40,762 shares in the last quarter. Finally, Plustick Management LLC raised its stake in shares of NextNav by 1.3% in the 4th quarter. Plustick Management LLC now owns 2,065,818 shares of the company’s stock valued at $34,375,000 after purchasing an additional 25,818 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextNav in a report on Thursday, January 22nd. Wall Street Zen upgraded NextNav from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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Key Headlines Impacting NextNav

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About NextNav

(Get Free Report)

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.

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Insider Buying and Selling by Quarter for NextNav (NASDAQ:NN)

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