NextNav Inc. (NASDAQ:NN) CEO Sells $1,004,486.14 in Stock

NextNav Inc. (NASDAQ:NN - Get Free Report) CEO Mariam Sorond sold 69,853 shares of NextNav 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 transaction, the chief executive officer now owns 1,480,505 shares in the company, valued at approximately $21,289,661.90. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NextNav Price Performance

NN stock traded up $0.30 during mid-day trading on Tuesday, hitting $14.93. The company had a trading volume of 1,999,536 shares, compared to its average volume of 1,117,229. The company has a 50-day moving average price of $12.75 and a 200 day moving average price of $12.87. NextNav Inc. has a 12-month low of $6.47 and a 12-month high of $18.54. The company has a quick ratio of 16.75, a current ratio of 16.75 and a debt-to-equity ratio of 32.42. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -14.64 and a beta of 1.00.

NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The company had revenue of $1.54 million for the quarter, compared to analysts' expectations of $1.87 million. NextNav had a negative net margin of 2,091.01% and a negative return on equity of 193.20%. On average, research analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On NextNav

Several institutional investors have recently made changes to their positions in NN. Fleming James B JR purchased a new position in NextNav in the 4th quarter worth about $80,618,000. Vanguard Group Inc. grew its position in shares of NextNav by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 4,732,231 shares of the company's stock worth $57,591,000 after buying an additional 715,171 shares during the last quarter. Susquehanna Advisors Group Inc. bought a new position in shares of NextNav during the 4th quarter worth approximately $67,648,000. Ancora Advisors LLC raised its stake in shares of NextNav by 11.0% during the 1st quarter. Ancora Advisors LLC now owns 2,237,736 shares of the company's stock worth $27,233,000 after acquiring an additional 221,486 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in NextNav by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company's stock valued at $26,941,000 after acquiring an additional 39,543 shares during the last quarter. Institutional investors own 79.16% of the company's stock.

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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