NextNav (NASDAQ:NN) CAO Sells $77,085.30 in Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 3,945 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $19.54, for a total transaction of $77,085.30. Following the completion of the transaction, the chief accounting officer owned 72,950 shares of the company’s stock, valued at approximately $1,425,443. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, March 20th, Sammaad Shams sold 1,767 shares of NextNav stock. The stock was sold at an average price of $18.11, for a total transaction of $32,000.37.
• On Thursday, March 19th, Sammaad Shams sold 115 shares of NextNav stock. The stock was sold at an average price of $17.80, for a total transaction of $2,047.00.
• On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The shares were sold at an average price of $16.86, for a total transaction of $55,587.42.

NextNav Price Performance

NASDAQ NN opened at $17.87 on Friday. The company has a fifty day moving average of $16.47 and a two-hundred day moving average of $15.34. The company has a market capitalization of $2.42 billion, a PE ratio of -11.60 and a beta of 0.96. NextNav Inc. has a 1 year low of $10.64 and a 1 year high of $19.91.

NextNav (NASDAQ:NN) last posted its earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, hitting 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 business had revenue of $0.95 million for the quarter, compared to analysts’ expectations of $0.86 million. On average, research analysts expect that NextNav Inc. will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On NextNav

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of NextNav by 732.1% during the fourth 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 raised its stake in NextNav by 104.7% during 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 stake in NextNav by 57.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 99,942 shares of the company’s stock valued at $1,663,000 after acquiring an additional 36,563 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in NextNav during the 4th quarter worth approximately $481,000. Finally, Osterweis Capital Management Inc. acquired a new stake in NextNav during the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NN. Weiss Ratings reiterated 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, March 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.