NextNav Inc. (NASDAQ:NN) Director Neil S. Subin Buys 100,000 Shares

NextNav Inc. (NASDAQ:NN) Director Neil S. Subin purchased 100,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $6.92 per share, with a total value of $692,000.00. Following the completion of the acquisition, the director now owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

NextNav Stock Up 4.6 %

Shares of NextNav stock opened at $7.52 on Friday. The stock’s 50-day moving average is $7.88 and its 200 day moving average is $7.11. NextNav Inc. has a one year low of $3.55 and a one year high of $9.50. The firm has a market cap of $949.93 million, a price-to-earnings ratio of -9.52 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.93 and a quick ratio of 5.93.

NextNav (NASDAQ:NN) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The business had revenue of $1.11 million during the quarter, compared to analyst estimates of $1.63 million. NextNav had a negative net margin of 2,181.52% and a negative return on equity of 134.05%. During the same period last year, the firm posted ($0.15) earnings per share. Equities research analysts anticipate that NextNav Inc. will post -0.81 EPS for the current year.

Hedge Funds Weigh In On NextNav

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates lifted its holdings in shares of NextNav by 1.0% in the 2nd quarter. Raymond James & Associates now owns 156,000 shares of the company’s stock worth $1,265,000 after purchasing an additional 1,500 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of NextNav by 9.4% in the first quarter. Perigon Wealth Management LLC now owns 35,000 shares of the company’s stock valued at $230,000 after buying an additional 3,000 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of NextNav by 19.0% in the second quarter. CIBC Asset Management Inc now owns 19,652 shares of the company’s stock valued at $159,000 after buying an additional 3,140 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of NextNav by 34.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after buying an additional 4,405 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of NextNav by 120.0% during the fourth quarter. Spire Wealth Management now owns 11,000 shares of the company’s stock worth $49,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

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.