Squarepoint Ops LLC Purchases New Holdings in NextNav Inc. (NASDAQ:NN)

Squarepoint Ops LLC bought a new position in shares of NextNav Inc. (NASDAQ:NN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 148,823 shares of the company's stock, valued at approximately $2,316,000. Squarepoint Ops LLC owned approximately 0.11% of NextNav as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE acquired a new position in shares of NextNav during the 4th quarter worth about $28,000. Russell Investments Group Ltd. increased its position in NextNav by 112.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock worth $30,000 after buying an additional 1,018 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in NextNav during the fourth quarter worth approximately $78,000. Mission Wealth Management LP bought a new stake in NextNav in the fourth quarter valued at approximately $156,000. Finally, Wharton Business Group LLC acquired a new stake in shares of NextNav in the fourth quarter valued at approximately $156,000. 79.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextNav

In other news, CEO Mariam Sorond sold 62,868 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the completion of the sale, the chief executive officer now owns 1,550,358 shares of the company's stock, valued at approximately $17,410,520.34. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sammaad Shams sold 4,005 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total transaction of $44,896.05. Following the completion of the transaction, the chief accounting officer now owns 81,100 shares in the company, valued at $909,131. This trade represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,705 shares of company stock worth $816,495. 7.70% of the stock is owned by insiders.

NextNav Stock Performance

Shares of NASDAQ NN traded down $0.95 during midday trading on Monday, hitting $11.60. 3,032,279 shares of the company's stock were exchanged, compared to its average volume of 1,081,838. 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 firm has a market capitalization of $1.54 billion, a PE ratio of -15.47 and a beta of 1.03. NextNav Inc. has a 12 month low of $6.47 and a 12 month high of $18.54. The company's 50 day moving average price is $12.48 and its 200 day moving average price is $13.22.

NextNav (NASDAQ:NN - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The company had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.87 million. As a group, analysts predict that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

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.