NextNav Inc. (NASDAQ:NN) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its stake in NextNav Inc. (NASDAQ:NN - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 702,396 shares of the company's stock after buying an additional 79,813 shares during the quarter. Northern Trust Corp owned 0.54% of NextNav worth $10,929,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of NextNav during the 4th quarter worth about $28,000. Russell Investments Group Ltd. raised its position in shares of NextNav by 112.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock worth $30,000 after acquiring an additional 1,018 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of NextNav during the 4th quarter worth about $78,000. Mission Wealth Management LP acquired a new stake in shares of NextNav during the 4th quarter worth about $156,000. Finally, Wharton Business Group LLC acquired a new stake in shares of NextNav during the 4th quarter worth about $156,000. Hedge funds and other institutional investors own 79.16% of the company's stock.

Insider Buying and Selling at NextNav

In other news, CFO Christian D. Gates sold 5,730 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $11.24, for a total value of $64,405.20. Following the transaction, the chief financial officer now owns 857,206 shares of the company's stock, valued at approximately $9,634,995.44. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $44,896.05. Following the sale, the chief accounting officer now owns 81,100 shares of the company's stock, valued at $909,131. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,705 shares of company stock worth $816,495. 7.70% of the stock is owned by insiders.

NextNav Stock Up 1.5%

Shares of NASDAQ NN traded up $0.19 during midday trading on Thursday, hitting $12.87. 1,157,060 shares of the company's stock were exchanged, compared to its average volume of 1,068,997. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. NextNav Inc. has a twelve month low of $6.47 and a twelve month high of $18.54. The company has a market cap of $1.70 billion, a PE ratio of -17.16 and a beta of 1.03. The firm's fifty day simple moving average is $12.45 and its 200-day simple moving average is $13.31.

NextNav (NASDAQ:NN - Get Free Report) last issued its earnings results 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 business had revenue of $1.54 million for the quarter, compared to analyst estimates of $1.87 million. Research analysts predict that NextNav Inc. will post -0.74 EPS for the current fiscal year.

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.