Golden State Wealth Management LLC Takes $78,000 Position in NextNav Inc. (NASDAQ:NN)

Golden State Wealth Management LLC acquired a new position in shares of NextNav Inc. (NASDAQ:NN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $78,000.

Several other large investors have also recently bought and sold shares of the business. Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of NextNav in the 4th quarter worth approximately $157,000. King Luther Capital Management Corp purchased a new position in shares of NextNav in the third quarter valued at $90,000. FMR LLC raised its stake in shares of NextNav by 354.3% during the 3rd quarter. FMR LLC now owns 16,418 shares of the company’s stock worth $123,000 after buying an additional 12,804 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of NextNav in the 3rd quarter worth about $125,000. Finally, Intech Investment Management LLC acquired a new stake in NextNav in the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Price Performance

Shares of NASDAQ:NN opened at $12.00 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The business’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $11.29. The stock has a market cap of $1.57 billion, a PE ratio of -16.00 and a beta of 1.13. NextNav Inc. has a one year low of $3.55 and a one year high of $18.54.

Insider Activity

In other NextNav news, CFO Christian D. Gates sold 3,918 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.65, for a total transaction 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 represents a 0.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Arun Raghupathy sold 3,332 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $18.32, for a total value of $61,042.24. Following the completion of the transaction, the senior vice president now owns 1,087,019 shares of the company’s stock, valued at $19,914,188.08. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 209,367 shares of company stock worth $3,442,705 over the last three months. 15.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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