Numerai GP LLC bought a new stake in NextNav Inc. (NASDAQ:NN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 23,841 shares of the company's stock, valued at approximately $371,000.
Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of NextNav by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,588 shares of the company's stock valued at $244,000 after buying an additional 616 shares during the period. Russell Investments Group Ltd. grew its stake in shares of NextNav by 112.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock valued at $30,000 after buying an additional 1,018 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of NextNav by 5.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 30,753 shares of the company's stock valued at $479,000 after buying an additional 1,563 shares during the period. US Bancorp DE acquired a new stake in shares of NextNav in the 4th quarter valued at about $28,000. Finally, Alliancebernstein L.P. lifted its position in NextNav by 2.3% in the 4th quarter. Alliancebernstein L.P. now owns 87,760 shares of the company's stock valued at $1,366,000 after acquiring an additional 2,010 shares in the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.24, for a total value of $64,405.20. Following the completion of the transaction, the chief financial officer now directly owns 857,206 shares in the company, valued at approximately $9,634,995.44. The trade was a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mariam Sorond sold 62,868 shares of NextNav stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.23, for a total transaction of $706,007.64. Following the completion of the transaction, the chief executive officer now owns 1,550,358 shares of the company's stock, valued at $17,410,520.34. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,705 shares of company stock valued at $816,495 in the last 90 days. 7.70% of the stock is currently owned by corporate insiders.
NextNav Stock Performance
Shares of NextNav stock traded down $0.50 during mid-day trading on Monday, hitting $13.44. 847,540 shares of the stock were exchanged, compared to its average volume of 1,065,081. NextNav Inc. has a 12 month low of $6.47 and a 12 month high of $18.54. The company has a 50-day simple moving average of $12.29 and a 200 day simple moving average of $13.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The company has a market capitalization of $1.78 billion, a P/E ratio of -17.92 and a beta of 1.03.
NextNav (NASDAQ:NN - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.15) EPS 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 firm had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.87 million. Sell-side analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.
About NextNav
(
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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