Deutsche Bank AG Raises Position in NextNav Inc. (NASDAQ:NN)

Deutsche Bank AG raised its position in NextNav Inc. (NASDAQ:NN - Free Report) by 54.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,492 shares of the company's stock after purchasing an additional 23,679 shares during the quarter. Deutsche Bank AG owned 0.05% of NextNav worth $1,050,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other NextNav news, CAO Sammaad Shams sold 4,005 shares of the business's stock in a transaction on 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mariam Sorond sold 62,868 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the transaction, the chief executive officer now directly owns 1,550,358 shares in the company, valued at $17,410,520.34. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,705 shares of company stock valued at $816,495 over the last ninety days. 7.70% of the stock is owned by corporate insiders.

NextNav Trading Up 0.7%

NASDAQ NN traded up $0.09 during mid-day trading on Friday, reaching $12.48. 134,880 shares of the stock were exchanged, compared to its average volume of 1,064,039. The stock has a market cap of $1.65 billion, a P/E ratio of -16.61 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. NextNav Inc. has a one year low of $6.47 and a one year high of $18.54. The stock has a 50 day simple moving average of $12.51 and a 200-day simple moving average of $13.26.

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

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.