Insider Selling: NextNav Inc. (NASDAQ:NN) CAO Sells $44,896.05 in Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 4,005 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now owns 81,100 shares in the company, valued at approximately $909,131. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $11.63, for a total transaction of $1,186.26.
• 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 Trading Up 1.1 %

Shares of NN stock opened at $11.97 on Friday. NextNav Inc. has a 1-year low of $5.53 and a 1-year high of $18.54. The firm’s 50-day simple moving average is $11.78 and its 200-day simple moving average is $12.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market cap of $1.57 billion, a P/E ratio of -15.96 and a beta of 1.17.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NN. Charles Schwab Investment Management Inc. grew its position in NextNav by 11.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock valued at $4,096,000 after acquiring an additional 57,780 shares in the last quarter. 272 Capital LP acquired a new stake in NextNav in the third quarter valued at approximately $756,000. Geode Capital Management LLC grew its position in NextNav by 10.3% in the third quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock valued at $12,672,000 after acquiring an additional 158,455 shares in the last quarter. Paloma Partners Management Co acquired a new stake in NextNav in the third quarter valued at approximately $1,060,000. Finally, Wittenberg Investment Management Inc. acquired a new stake in NextNav in the third quarter valued at approximately $366,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

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.