Arun Raghupathy Sells 1,123 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 1,123 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $14.27, for a total value of $16,025.21. Following the sale, the senior vice president now directly owns 1,090,351 shares of the company’s stock, valued at $15,559,308.77. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NextNav Price Performance

Shares of NN stock opened at $15.35 on Thursday. NextNav Inc. has a 12-month low of $3.55 and a 12-month high of $17.02. 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 50 day simple moving average of $9.89 and a 200-day simple moving average of $8.52.

Institutional Investors Weigh In On NextNav

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL boosted its position in shares of NextNav by 25.0% in the 1st quarter. Blair William & Co. IL now owns 50,000 shares of the company’s stock worth $329,000 after buying an additional 10,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NextNav by 37.7% in the first quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock worth $21,307,000 after acquiring an additional 887,075 shares during the last quarter. Wolf Hill Capital Management LP acquired a new stake in shares of NextNav during the first quarter valued at $12,195,000. PEAK6 Investments LLC raised its stake in NextNav by 31.0% in the 1st quarter. PEAK6 Investments LLC now owns 42,131 shares of the company’s stock valued at $277,000 after purchasing an additional 9,976 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in NextNav by 34.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after purchasing an additional 4,405 shares in the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.