Christian D. Gates Sells 3,918 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 3,918 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.65, for a total transaction of $69,152.70. Following the transaction, the chief financial officer now owns 815,722 shares of the company’s stock, valued at approximately $14,397,493.30. This represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NextNav Price Performance

Shares of NextNav stock opened at $16.76 on Friday. The firm has a market cap of $2.19 billion, a PE ratio of -22.35 and a beta of 1.13. The stock has a 50 day moving average of $13.94 and a 200 day moving average of $9.87. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $18.54.

Analyst Ratings Changes

Separately, B. Riley boosted 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of NextNav in the 2nd quarter valued at about $50,000. Principal Financial Group Inc. bought a new stake in shares of NextNav in the 2nd quarter valued at approximately $82,000. Quest Partners LLC purchased a new position in shares of NextNav in the 2nd quarter worth approximately $88,000. King Luther Capital Management Corp bought a new position in shares of NextNav during the 3rd quarter valued at approximately $90,000. Finally, Wolverine Asset Management LLC raised its holdings in NextNav by 323.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock valued at $98,000 after buying an additional 9,248 shares during the period. 79.16% of the stock is currently owned by institutional investors.

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.