NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams Sells 4,005 Shares

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 4,005 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares of the company’s stock, valued at $909,131. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sammaad Shams also recently made the following trade(s):

• On Wednesday, March 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $11.63, for a total value of $1,186.26.
• On Thursday, December 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $16.54, for a total transaction of $1,687.08.

NextNav Price Performance

NN opened at $11.84 on Friday. NextNav Inc. has a 52-week low of $4.98 and a 52-week high of $18.54. The company has a 50 day moving average of $11.78 and a two-hundred day moving average of $12.01. The company has a market cap of $1.56 billion, a P/E ratio of -15.79 and a beta of 1.17. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The business had revenue of $1.91 million for the quarter, compared to analysts’ expectations of $1.73 million. On average, analysts expect that NextNav Inc. will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On NextNav

Several institutional investors and hedge funds have recently modified their holdings of NN. US Bancorp DE acquired a new stake in shares of NextNav in the fourth quarter valued at about $28,000. Russell Investments Group Ltd. boosted its holdings in NextNav by 112.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company’s stock worth $30,000 after acquiring an additional 1,018 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of NextNav during the fourth quarter worth $78,000. King Luther Capital Management Corp acquired a new position in shares of NextNav during the third quarter worth $90,000. Finally, FMR LLC boosted its stake in shares of NextNav by 354.3% in the third quarter. FMR LLC now owns 16,418 shares of the company’s stock valued at $123,000 after purchasing an additional 12,804 shares during the period. Hedge funds and other institutional investors own 79.16% of the company’s stock.

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.