Insider Selling: NextNav (NASDAQ:NN) CAO Sells 1,767 Shares of Stock

Key Points

• CAO Sammaad Shams sold 1,767 shares of NextNav on March 20 at an average price of $18.11 for about $32,000, reducing his position by 2.25% to 76,895 shares; he also sold 3,297 shares on March 17 and 115 shares on March 19.
• NextNav remains unprofitable, reporting EPS of ($0.13) that met estimates and revenue of $0.95M, with very negative margins and ROE; analysts forecast -0.74 EPS for the year and the consensus rating is "Reduce."
• NN shares traded at $18.68 (up $0.73) with a market cap of $2.53 billion and a one‑year range of $10.64–$19.91, and recent volume (1,862,252) exceeded its average (1,325,877).

NextNav Inc. (NASDAQ:NN - Get Free Report) CAO Sammaad Shams sold 1,767 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $18.11, for a total transaction of $32,000.37. Following the transaction, the chief accounting officer directly owned 76,895 shares of the company's stock, valued at $1,392,568.45. This represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 19th, Sammaad Shams sold 115 shares of NextNav stock. The stock was sold at an average price of $17.80, for a total value of $2,047.00.
• On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The stock was sold at an average price of $16.86, for a total value of $55,587.42.

NextNav Price Performance

NN stock traded up $0.73 on Monday, reaching $18.68. 1,862,252 shares of the company traded hands, compared to its average volume of 1,325,877. NextNav Inc. has a one year low of $10.64 and a one year high of $19.91. The company has a market cap of $2.53 billion, a P/E ratio of -12.13 and a beta of 0.96. The firm has a fifty day simple moving average of $16.17 and a 200-day simple moving average of $15.26.

NextNav (NASDAQ:NN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.13). NextNav had a negative return on equity of 556.83% and a negative net margin of 4,503.43%.The business had revenue of $0.95 million during the quarter, compared to analysts' expectations of $0.86 million. On average, sell-side analysts forecast that NextNav Inc. will post -0.74 EPS for the current year.

Institutional Trading of NextNav

Several institutional investors have recently added to or reduced their stakes in NN. Russell Investments Group Ltd. increased its holdings in shares of NextNav by 6.6% in the 4th quarter. Russell Investments Group Ltd. now owns 10,950 shares of the company's stock worth $182,000 after purchasing an additional 675 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NextNav by 1.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,253 shares of the company's stock worth $733,000 after purchasing an additional 714 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of NextNav by 4.4% during the second quarter. ProShare Advisors LLC now owns 18,056 shares of the company's stock valued at $274,000 after purchasing an additional 765 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NextNav by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,213 shares of the company's stock valued at $3,332,000 after purchasing an additional 863 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of NextNav by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 8,990 shares of the company's stock valued at $137,000 after buying an additional 892 shares during the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NN shares. Wall Street Zen cut shares of NextNav from a "hold" rating to a "strong sell" rating in a research note on Saturday. Weiss Ratings restated a "sell (d-)" rating on shares of NextNav in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce".

NextNav Company Profile

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.

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