32,843 Shares in NextNav Inc. (NASDAQ:NN) Acquired by Two Sigma Investments LP

Two Sigma Investments LP purchased a new position in shares of NextNav Inc. (NASDAQ:NN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,843 shares of the company's stock, valued at approximately $511,000.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE purchased a new stake in NextNav in the 4th quarter valued at about $28,000. Russell Investments Group Ltd. boosted its position in NextNav by 112.5% in the 4th 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 purchased a new stake in NextNav in the 4th quarter valued at about $78,000. Wharton Business Group LLC purchased a new stake in NextNav in the 4th quarter valued at about $156,000. Finally, Mission Wealth Management LP purchased a new stake in NextNav in the 4th quarter valued at about $156,000. 79.16% of the stock is owned by hedge funds and other institutional investors.

NextNav Trading Up 2.8%

NextNav stock traded up $0.35 during trading hours on Friday, hitting $12.87. The company had a trading volume of 820,740 shares, compared to its average volume of 1,096,900. The firm has a market cap of $1.70 billion, a P/E ratio of -17.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. NextNav Inc. has a 1 year low of $6.47 and a 1 year high of $18.54. The company has a 50-day moving average price of $12.45 and a two-hundred day moving average price of $13.03.

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

Insider Activity

In other news, CAO Sammaad Shams sold 4,005 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.21, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christian D. Gates sold 5,730 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the sale, the chief financial officer now owns 857,206 shares of the company's stock, valued at approximately $9,634,995.44. This represents a 0.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,705 shares of company stock worth $816,495. 7.70% of the stock is currently owned by corporate insiders.

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.