NextNav Inc. (NASDAQ:NN) SVP Sells $61,042.24 in Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 3,332 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.32, for a total value of $61,042.24. Following the completion of the transaction, the senior vice president now owns 1,087,019 shares in the company, valued at $19,914,188.08. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Arun Raghupathy also recently made the following trade(s):

• On Monday, November 18th, Arun Raghupathy sold 1,123 shares of NextNav stock. The stock was sold at an average price of $14.27, for a total value of $16,025.21.

NextNav Price Performance

NN stock traded down $1.02 during mid-day trading on Wednesday, hitting $16.53. 1,198,348 shares of the stock were exchanged, compared to its average volume of 884,883. The business has a fifty day moving average price of $13.58 and a 200 day moving average price of $9.78. NextNav Inc. has a 12 month low of $3.55 and a 12 month high of $18.54. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -22.04 and a beta of 1.13.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target 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.

Institutional Investors Weigh In On NextNav

A number of institutional investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in NextNav in the 2nd quarter worth approximately $50,000. Principal Financial Group Inc. bought a new stake in NextNav in the 2nd quarter worth $82,000. Quest Partners LLC bought a new position in shares of NextNav during the second quarter valued at about $88,000. King Luther Capital Management Corp bought a new stake in shares of NextNav in the third quarter worth about $90,000. Finally, Wolverine Asset Management LLC increased its holdings in NextNav by 323.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock valued at $98,000 after purchasing an additional 9,248 shares during the period. Hedge funds and other institutional investors own 79.16% of the company’s stock.

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.