Insider Selling: NextNav Inc. (NASDAQ:NN) SVP Sells $25,372.30 in Stock

NextNav Inc. (NASDAQ:NNGet Free Report) SVP Arun Raghupathy sold 3,490 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $7.27, for a total transaction of $25,372.30. Following the transaction, the senior vice president now owns 1,092,595 shares of the company’s stock, valued at approximately $7,943,165.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NextNav Trading Down 0.1 %

Shares of NASDAQ:NN opened at $7.40 on Friday. NextNav Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $9.50. The firm’s 50-day simple moving average is $7.96 and its 200-day simple moving average is $5.83. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.87.

NextNav (NASDAQ:NNGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.14). The firm had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $1.23 million. NextNav had a negative return on equity of 109.93% and a negative net margin of 2,133.30%. As a group, equities analysts predict that NextNav Inc. will post -0.69 EPS for the current year.

Institutional Trading of NextNav

A number of institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC lifted its holdings in shares of NextNav by 4.7% in the first quarter. Ancora Advisors LLC now owns 265,797 shares of the company’s stock valued at $1,749,000 after purchasing an additional 12,000 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of NextNav by 34.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after acquiring an additional 4,405 shares during the last quarter. PEAK6 Investments LLC increased its position in NextNav by 31.0% during the 1st quarter. PEAK6 Investments LLC now owns 42,131 shares of the company’s stock worth $277,000 after purchasing an additional 9,976 shares in the last quarter. Wolf Hill Capital Management LP acquired a new position in NextNav in the 1st quarter valued at about $12,195,000. Finally, Vanguard Group Inc. lifted its holdings in NextNav by 37.7% in the 1st quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock valued at $21,307,000 after purchasing an additional 887,075 shares in the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

NextNav Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for NextNav (NASDAQ:NN)

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