Insider Selling: NextNav Inc. (NASDAQ:NN) CAO Sells 4,005 Shares of Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 4,005 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total value of $44,896.05. Following the completion of the transaction, the chief accounting officer now directly owns 81,100 shares in the company, valued at $909,131. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sammaad Shams also recently made the following trade(s):

• On Thursday, December 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $16.54, for a total transaction of $1,687.08.

NextNav Price Performance

NASDAQ:NN traded down $0.07 during trading hours on Wednesday, hitting $11.80. 1,473,196 shares of the stock traded hands, compared to its average volume of 997,919. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -15.73 and a beta of 1.17. NextNav Inc. has a 1 year low of $4.50 and a 1 year high of $18.54. The stock has a 50 day moving average price of $11.82 and a 200 day moving average price of $12.01. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN) last issued its earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The firm had revenue of $1.91 million during the quarter, compared to the consensus estimate of $1.73 million. Sell-side analysts forecast that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fleming James B JR purchased a new stake in NextNav in the fourth quarter worth about $80,618,000. Susquehanna Advisors Group Inc. acquired a new stake in shares of NextNav during the fourth quarter worth $67,648,000. Vanguard Group Inc. raised its position in NextNav by 23.3% during the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock worth $62,505,000 after buying an additional 759,775 shares during the last quarter. Invesco Ltd. raised its stake in shares of NextNav by 2,461.2% during the 4th quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock valued at $11,085,000 after buying an additional 684,571 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in NextNav by 466.5% during the fourth quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock valued at $10,238,000 after acquiring an additional 541,842 shares in the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.

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.