NextNav Inc. (NASDAQ:NN) SVP Sells $61,042.24 in Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 3,332 shares of NextNav stock in a transaction on Monday, December 16th. The stock was sold at an average price of $18.32, for a total transaction of $61,042.24. Following the completion of the transaction, the senior vice president now directly owns 1,087,019 shares in the company, valued at $19,914,188.08. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arun Raghupathy also recently made the following trade(s):

• On Monday, November 18th, Arun Raghupathy sold 1,123 shares of NextNav stock. The stock was sold at an average price of $14.27, for a total value of $16,025.21.

NextNav Stock Down 6.9 %

NASDAQ:NN opened at $15.60 on Friday. The company’s fifty day moving average price is $14.09 and its 200-day moving average price is $9.93. The firm has a market capitalization of $2.04 billion, a P/E ratio of -20.80 and a beta of 1.13. NextNav Inc. has a 1-year low of $3.55 and a 1-year high of $18.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01.

Wall Street Analysts Forecast Growth

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

Institutional Trading of NextNav

A number of hedge funds have recently modified their holdings of NN. nVerses Capital LLC purchased a new stake in NextNav during the second quarter worth $50,000. Principal Financial Group Inc. acquired a new position in shares of NextNav in the second quarter worth about $82,000. Quest Partners LLC purchased a new stake in shares of NextNav during the 2nd quarter worth about $88,000. King Luther Capital Management Corp acquired a new stake in shares of NextNav during the 3rd quarter valued at about $90,000. Finally, Wolverine Asset Management LLC increased its stake in shares of NextNav by 323.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock valued at $98,000 after purchasing an additional 9,248 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.