10,000 Shares in NextNav Inc. (NASDAQ:NN) Purchased by Wharton Business Group LLC

Wharton Business Group LLC acquired a new position in shares of NextNav Inc. (NASDAQ:NN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $156,000.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of NextNav by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company’s stock worth $244,000 after buying an additional 616 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NextNav by 10.0% in the third quarter. Van ECK Associates Corp now owns 21,412 shares of the company’s stock valued at $160,000 after purchasing an additional 1,948 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of NextNav by 3.2% in the fourth quarter. Rhumbline Advisers now owns 99,516 shares of the company’s stock valued at $1,548,000 after purchasing an additional 3,075 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of NextNav by 1.5% in the fourth quarter. Ingalls & Snyder LLC now owns 301,400 shares of the company’s stock valued at $4,690,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of NextNav in the fourth quarter valued at about $78,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

NextNav Stock Down 5.2 %

Shares of NASDAQ:NN opened at $11.80 on Monday. The company has a market capitalization of $1.54 billion, a P/E ratio of -15.73 and a beta of 1.13. 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 stock’s fifty day simple moving average is $13.58 and its 200-day simple moving average is $11.60. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $18.54.

Insider Buying and Selling at NextNav

In other news, CFO Christian D. Gates sold 3,918 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total transaction of $69,152.70. Following the transaction, the chief financial officer now directly owns 815,722 shares in the company, valued at $14,397,493.30. This represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Arun Raghupathy sold 3,332 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.32, for a total transaction of $61,042.24. Following the transaction, the senior vice president now owns 1,087,019 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 207,908 shares of company stock worth $3,421,851. Corporate insiders own 15.70% 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.