NextNav Inc. (NASDAQ:NN - Get Free Report) CEO Mariam Sorond sold 69,853 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $14.38, for a total transaction of $1,004,486.14. Following the sale, the chief executive officer now owns 1,480,505 shares in the company, valued at $21,289,661.90. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NextNav Price Performance
NN stock opened at $15.07 on Friday. The company has a debt-to-equity ratio of 32.42, a quick ratio of 16.75 and a current ratio of 16.75. The company has a market capitalization of $2.00 billion, a PE ratio of -14.77 and a beta of 1.00. The company's fifty day moving average price is $12.99 and its 200-day moving average price is $12.87. NextNav Inc. has a one year low of $6.47 and a one year high of $18.54.
NextNav (NASDAQ:NN - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). NextNav had a negative net margin of 2,091.01% and a negative return on equity of 193.20%. The business had revenue of $1.54 million during the quarter, compared to analysts' expectations of $1.87 million. On average, equities analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.
Institutional Investors Weigh In On NextNav
Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in NextNav by 34.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company's stock valued at $5,705,000 after purchasing an additional 120,123 shares during the last quarter. Rhumbline Advisers grew its holdings in NextNav by 6.4% during the 1st quarter. Rhumbline Advisers now owns 105,929 shares of the company's stock worth $1,289,000 after acquiring an additional 6,413 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NextNav by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company's stock valued at $579,000 after purchasing an additional 3,543 shares during the period. Interval Partners LP purchased a new position in NextNav during the first quarter valued at approximately $9,827,000. Finally, Ancora Advisors LLC raised its stake in NextNav by 11.0% in the first quarter. Ancora Advisors LLC now owns 2,237,736 shares of the company's stock worth $27,233,000 after buying an additional 221,486 shares in the last quarter. 79.16% of the stock is owned by institutional investors.
About NextNav
(
Get Free Report)
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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