Mission Wealth Management LP Purchases Shares of 10,000 NextNav Inc. (NASDAQ:NN)

Mission Wealth Management LP purchased a new stake in NextNav Inc. (NASDAQ:NN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $156,000.

Several other large investors have also recently added to or reduced their stakes in NN. US Bancorp DE acquired a new position in NextNav in the 4th quarter valued at approximately $28,000. Golden State Wealth Management LLC bought a new stake in shares of NextNav in the 4th quarter valued at approximately $78,000. King Luther Capital Management Corp bought a new stake in shares of NextNav in the 3rd quarter valued at approximately $90,000. FMR LLC grew its stake in shares of NextNav by 354.3% in the 3rd quarter. FMR LLC now owns 16,418 shares of the company’s stock valued at $123,000 after purchasing an additional 12,804 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of NextNav in the 3rd quarter valued at approximately $125,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

NextNav Trading Down 2.9 %

NN stock opened at $11.17 on Friday. NextNav Inc. has a 1-year low of $3.55 and a 1-year high of $18.54. The firm has a market cap of $1.46 billion, a P/E ratio of -14.89 and a beta of 1.13. The business’s 50 day moving average is $12.56 and its 200-day moving average is $11.74. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, SVP Arun Raghupathy sold 3,332 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $18.32, for a total value of $61,042.24. Following the transaction, the senior vice president now owns 1,087,019 shares of the company’s stock, valued at $19,914,188.08. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Christian D. Gates sold 3,918 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 815,722 shares in the company, valued at approximately $14,397,493.30. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,908 shares of company stock worth $141,851 in the last three months. Insiders own 15.70% of the company’s stock.

NextNav 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.