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

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 5,730 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the transaction, the chief financial officer now owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NextNav Stock Performance

Shares of NextNav stock traded down $0.07 on Wednesday, reaching $11.80. 1,473,196 shares of the company traded hands, compared to its average volume of 997,919. The company has a 50 day moving average of $11.82 and a 200 day moving average of $12.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. NextNav Inc. has a 52 week low of $4.50 and a 52 week high of $18.54. The firm has a market capitalization of $1.55 billion, a PE ratio of -15.73 and a beta of 1.17.

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

Institutional Investors Weigh In On NextNav

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in NextNav by 14.9% during the fourth quarter. California State Teachers Retirement System now owns 49,229 shares of the company’s stock worth $766,000 after purchasing an additional 6,385 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NextNav by 57.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,302 shares of the company’s stock worth $1,670,000 after buying an additional 39,222 shares during the period. Voloridge Investment Management LLC grew its stake in NextNav by 466.5% in the 4th quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock valued at $10,238,000 after buying an additional 541,842 shares in the last quarter. Waverly Advisors LLC bought a new stake in shares of NextNav during the 4th quarter valued at $535,000. Finally, Squarepoint Ops LLC purchased a new stake in NextNav during the 4th quarter worth about $2,316,000. 79.16% of the stock is currently owned by 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.