Christian D. Gates Sells 5,730 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 5,730 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the sale, the chief financial officer now owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NextNav Trading Down 0.6 %

NASDAQ NN traded down $0.07 on Wednesday, hitting $11.80. The company’s stock had a trading volume of 1,473,196 shares, compared to its average volume of 997,919. 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 52-week low of $4.50 and a 52-week high of $18.54. The firm has a market cap of $1.55 billion, a P/E ratio of -15.73 and a beta of 1.17. The company’s 50-day simple moving average is $11.82 and its 200 day simple moving average is $12.01.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fleming James B JR purchased a new position in shares of NextNav in the 4th quarter valued at approximately $80,618,000. Susquehanna Advisors Group Inc. bought a new position in NextNav in the fourth quarter worth $67,648,000. Vanguard Group Inc. grew its position in shares of NextNav by 23.3% in the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock worth $62,505,000 after buying an additional 759,775 shares during the period. Ancora Advisors LLC increased its stake in shares of NextNav by 14.9% in the 4th quarter. Ancora Advisors LLC now owns 2,016,250 shares of the company’s stock worth $31,373,000 after acquiring an additional 261,000 shares in the last quarter. Finally, State Street Corp boosted its stake in NextNav by 1.1% during the third quarter. State Street Corp now owns 2,010,131 shares of the company’s stock worth $15,056,000 after acquiring an additional 22,152 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Company Profile

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.