NextNav (NASDAQ:NN) Shares Down 6.2%

Shares of NextNav Inc. (NASDAQ:NN - Get Free Report) traded down 6.2% on Monday . The stock traded as low as $8.38 and last traded at $8.46. 441,178 shares were traded during mid-day trading, a decline of 51% from the average session volume of 907,453 shares. The stock had previously closed at $9.02.

NextNav Trading Down 5.3 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 9.31 and a quick ratio of 9.31. The company has a market cap of $949.56 million, a P/E ratio of -12.94 and a beta of 1.16. The stock's 50-day moving average is $6.52 and its two-hundred day moving average is $5.08.

NextNav (NASDAQ:NN - Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $1.19 million. NextNav had a negative net margin of 1,857.46% and a negative return on equity of 81.56%. As a group, equities research analysts predict that NextNav Inc. will post -0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NextNav news, SVP Arun Raghupathy sold 23,547 shares of NextNav stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.23, for a total transaction of $99,603.81. Following the transaction, the senior vice president now owns 1,130,538 shares of the company's stock, valued at $4,782,175.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NextNav news, SVP Arun Raghupathy sold 23,547 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $4.23, for a total transaction of $99,603.81. Following the sale, the senior vice president now directly owns 1,130,538 shares of the company's stock, valued at $4,782,175.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Neil S. Subin acquired 50,000 shares of the company's stock in a transaction dated Wednesday, March 20th. The stock was acquired at an average cost of $4.72 per share, with a total value of $236,000.00. Following the purchase, the director now owns 2,115,213 shares of the company's stock, valued at $9,983,805.36. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 583,000 shares of company stock worth $2,633,160 and sold 75,000 shares worth $317,250. Company insiders own 11.30% of the company's stock.

Institutional Investors Weigh In On NextNav

Several large investors have recently made changes to their positions in NN. Arizona State Retirement System purchased a new stake in NextNav during the fourth quarter valued at approximately $47,000. Spire Wealth Management boosted its stake in NextNav by 120.0% during the fourth quarter. Spire Wealth Management now owns 11,000 shares of the company's stock worth $49,000 after buying an additional 6,000 shares during the period. SG Americas Securities LLC bought a new position in NextNav during the fourth quarter valued at $67,000. Simplicity Wealth LLC purchased a new stake in shares of NextNav in the first quarter valued at $68,000. Finally, Jump Financial LLC purchased a new position in shares of NextNav during the 4th quarter worth about $73,000. 79.16% of the stock is owned by institutional investors.

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.

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