NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates Sells 3,918 Shares of Stock

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the transaction, the chief financial officer now owns 815,722 shares of the company’s stock, valued at $14,397,493.30. This trade represents a 0.48 % 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 Stock Up 1.8 %

Shares of NN opened at $16.76 on Friday. The firm has a fifty day moving average price of $13.94 and a 200-day moving average price of $9.87. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.19 billion, a P/E ratio of -22.35 and a beta of 1.13. NextNav Inc. has a 12-month low of $3.55 and a 12-month high of $18.54.

Institutional Investors Weigh In On NextNav

Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in shares of NextNav in the 2nd quarter worth $50,000. Principal Financial Group Inc. bought a new stake in shares of NextNav in the second quarter valued at about $82,000. Quest Partners LLC purchased a new stake in NextNav in the second quarter worth about $88,000. King Luther Capital Management Corp purchased a new position in NextNav during the 3rd quarter valued at about $90,000. Finally, Wolverine Asset Management LLC raised its holdings 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. 79.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.