NextNav (NASDAQ:NN) Stock Price Down 5% - Should You Sell?

NextNav Inc. (NASDAQ:NN - Get Free Report) traded down 5% on Monday . The stock traded as low as $11.71 and last traded at $11.92. 264,878 shares were traded during trading, a decline of 75% from the average session volume of 1,070,929 shares. The stock had previously closed at $12.55.

NextNav Stock Up 1.7%

The company has a 50 day simple moving average of $12.43 and a two-hundred day simple moving average of $13.20. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.57 billion, a P/E ratio of -15.77 and a beta of 1.03.

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

Insiders Place Their Bets

In other news, CAO Sammaad Shams sold 4,005 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now owns 81,100 shares of the company's stock, valued at approximately $909,131. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mariam Sorond sold 62,868 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the completion of the sale, the chief executive officer now owns 1,550,358 shares of the company's stock, valued at $17,410,520.34. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,705 shares of company stock valued at $816,495 over the last ninety days. 7.70% of the stock is owned by insiders.

Institutional Trading of NextNav

Large investors have recently modified their holdings of the company. Harbor Investment Advisory LLC boosted its holdings in shares of NextNav by 331.0% in the first quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company's stock valued at $26,000 after purchasing an additional 1,655 shares during the period. US Bancorp DE purchased a new stake in shares of NextNav in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. lifted its holdings in NextNav by 112.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock worth $30,000 after buying an additional 1,018 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in NextNav during the first quarter worth $73,000. Finally, Golden State Wealth Management LLC purchased a new stake in NextNav during the fourth quarter worth $78,000. Hedge funds and other institutional investors own 79.16% of the company's stock.

About NextNav

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.