James Black Sells 9,429 Shares of NextNav (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) General Counsel James Black sold 9,429 shares of NextNav stock in a transaction on Friday, March 20th. The shares were sold at an average price of $17.97, for a total transaction of $169,439.13. Following the sale, the general counsel directly owned 93,566 shares of the company’s stock, valued at $1,681,381.02. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NextNav Trading Down 0.9%

NASDAQ NN opened at $18.52 on Wednesday. NextNav Inc. has a 1-year low of $10.64 and a 1-year high of $19.91. The company has a market capitalization of $2.51 billion, a PE ratio of -12.03 and a beta of 0.96. The firm’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $15.27.

NextNav (NASDAQ:NN) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $0.86 million. As a group, analysts predict that NextNav Inc. will post -0.74 EPS for the current year.

Institutional Trading of NextNav

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NextNav by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company’s stock valued at $579,000 after acquiring an additional 3,543 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in NextNav by 34.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company’s stock worth $5,705,000 after purchasing an additional 120,123 shares during the last quarter. ProShare Advisors LLC lifted its holdings in NextNav by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 18,056 shares of the company’s stock worth $274,000 after purchasing an additional 765 shares during the last quarter. Geode Capital Management LLC boosted its position in NextNav by 6.3% during the second quarter. Geode Capital Management LLC now owns 1,933,030 shares of the company’s stock worth $29,385,000 after purchasing an additional 115,261 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in NextNav by 10.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,276 shares of the company’s stock valued at $308,000 after purchasing an additional 1,884 shares during the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

Key Headlines Impacting NextNav

Here are the key news stories impacting NextNav this week:

• Positive Sentiment: Unusually large call-option volume — Traders bought roughly 44,566 call options (a ~545% jump versus typical daily call volume), which can signal bullish bets or hedged positioning that may provide upward pressure or volatility support.
• Neutral Sentiment: Reported short-interest data appears to be erroneous or shows zero short interest (entries list 0 shares and NaN changes), so short-squeeze dynamics are unlikely to be a current driver based on available data.
• Negative Sentiment: Multiple insider equity sales by senior executives — CFO Timothy Gray sold 1,405 shares at ~$18.11, General Counsel James S. Black sold 9,429 shares at ~$17.97, and CAO Sammaad Shams sold 1,767 shares. Insider selling at recent prices can be interpreted negatively by investors. Insider Trades: Timothy Gray Sells
• Negative Sentiment: Analyst sentiment leans negative — at least one firm recently cut NN to a strong-sell / sell view, which can depress demand from institutional and retail investors. See company coverage and recent analyst notes. MarketBeat: NextNav Coverage

Analysts Set New Price Targets

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

About NextNav

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.