NextNav (NASDAQ:NN) CFO Sells $25,444.55 in Stock

NextNav Inc. (NASDAQ:NN) CFO Timothy Gray sold 1,405 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $18.11, for a total value of $25,444.55. Following the transaction, the chief financial officer owned 131,786 shares in the company, valued at $2,386,644.46. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NextNav Stock Performance

Shares of NASDAQ NN traded up $0.73 during trading on Monday, reaching $18.68. The stock had a trading volume of 1,862,252 shares, compared to its average volume of 1,325,877. The company has a market cap of $2.53 billion, a P/E ratio of -12.13 and a beta of 0.96. NextNav Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.91. The business’s 50-day moving average price is $16.17 and its 200-day moving average price is $15.26.

NextNav (NASDAQ:NN) last posted its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). NextNav had a negative return on equity of 556.83% and a negative net margin of 4,503.43%.The firm had revenue of $0.95 million for the quarter, compared to analyst estimates of $0.86 million. Analysts forecast that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NN shares. Wall Street Zen lowered shares of NextNav from a “hold” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextNav in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NextNav currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in NextNav by 732.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,127 shares of the company’s stock worth $69,000 after buying an additional 3,631 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of NextNav by 104.7% in the 4th quarter. Corient Private Wealth LLC now owns 35,042 shares of the company’s stock valued at $583,000 after acquiring an additional 17,921 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of NextNav by 57.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 99,942 shares of the company’s stock worth $1,663,000 after acquiring an additional 36,563 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of NextNav during the 4th quarter worth about $481,000. Finally, Osterweis Capital Management Inc. acquired a new position in NextNav in the fourth quarter valued at approximately $109,000. 79.16% of the stock is owned by institutional investors and hedge funds.

NextNav Company Profile

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.