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:NNFree Report) 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.

View Our Latest Analysis on NextNav

About NextNav

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NextNav (NASDAQ:NN)

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