NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates Sells 5,730 Shares of Stock

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 5,730 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.24, for a total transaction of $64,405.20. Following the transaction, the chief financial officer now directly owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NextNav Stock Down 0.6 %

NextNav stock opened at $11.80 on Thursday. NextNav Inc. has a 52 week low of $4.50 and a 52 week high of $18.54. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -15.73 and a beta of 1.17. The business’s 50-day moving average price is $11.80 and its 200 day moving average price is $12.01. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN) last posted its earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. The business had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. As a group, sell-side analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On NextNav

Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of NextNav by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock worth $4,096,000 after purchasing an additional 57,780 shares in the last quarter. 272 Capital LP acquired a new stake in NextNav during the 3rd quarter worth $756,000. Geode Capital Management LLC grew its holdings in shares of NextNav by 10.3% during the third quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock worth $12,672,000 after buying an additional 158,455 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of NextNav in the third quarter valued at about $1,060,000. Finally, Wittenberg Investment Management Inc. purchased a new position in shares of NextNav in the third quarter worth about $366,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

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.