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 on Monday, March 17th. The shares were sold at an average price of $11.21, for a total value of $44,896.05. Following the sale, the chief accounting officer now directly owns 81,100 shares in the company, valued at $909,131. The trade was a 4.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

NextNav Price Performance

Shares of NN opened at $11.80 on Thursday. NextNav Inc. has a one year low of $4.50 and a one year high of $18.54. The stock’s fifty day moving average is $11.80 and its 200-day moving average 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. The firm has a market capitalization of $1.55 billion, a price-to-earnings 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) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The company had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. Equities analysts anticipate that NextNav Inc. will post -0.74 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NN. Fleming James B JR acquired a new stake in NextNav in the fourth quarter worth approximately $80,618,000. Susquehanna Advisors Group Inc. bought a new stake in shares of NextNav in the 4th quarter worth $67,648,000. Vanguard Group Inc. raised its stake in shares of NextNav by 23.3% in the 4th quarter. Vanguard Group Inc. now owns 4,017,060 shares of the company’s stock worth $62,505,000 after buying an additional 759,775 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of NextNav by 2,461.2% in the fourth quarter. Invesco Ltd. now owns 712,385 shares of the company’s stock valued at $11,085,000 after buying an additional 684,571 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in NextNav by 466.5% during the fourth 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. 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.