Insider Selling: NextNav Inc. (NASDAQ:NN) SVP Sells $16,025.21 in Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 1,123 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $14.27, for a total transaction of $16,025.21. Following the sale, the senior vice president now directly owns 1,090,351 shares of the company’s stock, valued at approximately $15,559,308.77. This trade represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NextNav Trading Down 0.3 %

Shares of NextNav stock opened at $15.49 on Friday. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -20.72 and a beta of 0.94. NextNav Inc. has a twelve month low of $3.55 and a twelve month high of $17.02. The business has a 50-day moving average price of $10.21 and a 200-day moving average price of $8.62.

Wall Street Analyst Weigh In

Separately, B. Riley upped their target price on shares of NextNav from $12.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

Hedge Funds Weigh In On NextNav

Several institutional investors have recently added to or reduced their stakes in NN. Blair William & Co. IL lifted its position in NextNav by 25.0% during the first quarter. Blair William & Co. IL now owns 50,000 shares of the company’s stock valued at $329,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 887,075 shares during the last quarter. Wolf Hill Capital Management LP purchased a new position in NextNav in the first quarter worth about $12,195,000. PEAK6 Investments LLC increased its stake in NextNav by 31.0% during the first quarter. PEAK6 Investments LLC now owns 42,131 shares of the company’s stock worth $277,000 after acquiring an additional 9,976 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 4,405 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.