NextNav Inc. (NASDAQ:NN) CFO Sells $69,152.70 in Stock

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 3,918 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the completion of the sale, the chief financial officer now owns 815,722 shares in the company, valued at approximately $14,397,493.30. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NextNav Stock Performance

Shares of NextNav stock opened at $15.60 on Friday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.04 billion, a PE ratio of -20.80 and a beta of 1.13. NextNav Inc. has a 1-year low of $3.55 and a 1-year high of $18.54. The company has a 50 day moving average of $14.09 and a 200-day moving average of $9.93.

Institutional Investors Weigh In On NextNav

A number of institutional investors have recently added to or reduced their stakes in the business. 272 Capital LP purchased a new stake in NextNav in the 3rd quarter valued at about $756,000. Geode Capital Management LLC boosted its position in NextNav by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock valued at $12,672,000 after buying an additional 158,455 shares during the period. Barclays PLC lifted its holdings in NextNav by 29.2% in the third quarter. Barclays PLC now owns 291,964 shares of the company’s stock worth $2,187,000 after buying an additional 66,039 shares during the period. State Street Corp grew its stake in shares of NextNav by 1.1% in the 3rd quarter. State Street Corp now owns 2,010,131 shares of the company’s stock worth $15,056,000 after buying an additional 22,152 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of NextNav during the third quarter valued at $1,060,000. 79.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley boosted their price objective on shares of NextNav from $12.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

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.