Sammaad Shams Sells 4,005 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 4,005 shares of NextNav stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now owns 81,100 shares of the company’s stock, valued at approximately $909,131. The trade was a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sammaad Shams also recently made the following trade(s):

• On Wednesday, March 19th, Sammaad Shams sold 102 shares of NextNav stock. The stock was sold at an average price of $11.63, for a total transaction of $1,186.26.
• On Thursday, December 19th, Sammaad Shams sold 102 shares of NextNav stock. The shares were sold at an average price of $16.54, for a total value of $1,687.08.

NextNav Price Performance

Shares of NASDAQ:NN opened at $11.84 on Friday. NextNav Inc. has a one year low of $4.98 and a one year high of $18.54. The stock has a market cap of $1.56 billion, a PE ratio of -15.79 and a beta of 1.17. The business’s fifty day moving average price is $11.78 and its two-hundred day moving average price is $12.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01.

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

Hedge Funds Weigh In On NextNav

A number of institutional investors have recently modified their holdings of NN. US Bancorp DE acquired a new position in NextNav in the fourth quarter valued at $28,000. Russell Investments Group Ltd. boosted its stake in NextNav by 112.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company’s stock worth $30,000 after buying an additional 1,018 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of NextNav during the 4th quarter valued at about $78,000. Wharton Business Group LLC purchased a new position in shares of NextNav during the 4th quarter worth about $156,000. Finally, Mission Wealth Management LP acquired a new stake in shares of NextNav in the fourth quarter worth approximately $156,000. Institutional investors and hedge funds 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.