NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy Sells 3,332 Shares

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 3,332 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $18.32, for a total value of $61,042.24. Following the transaction, the senior vice president now owns 1,087,019 shares in the company, valued at approximately $19,914,188.08. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Arun Raghupathy also recently made the following trade(s):

• On Monday, November 18th, Arun Raghupathy sold 1,123 shares of NextNav stock. The stock was sold at an average price of $14.27, for a total transaction of $16,025.21.

NextNav Stock Down 6.2 %

Shares of NASDAQ:NN opened at $16.47 on Thursday. The firm has a market capitalization of $2.15 billion, a P/E ratio of -21.96 and a beta of 1.13. 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 stock has a 50 day moving average price of $13.75 and a 200-day moving average price of $9.82. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $18.54.

Hedge Funds Weigh In On NextNav

Several institutional investors and hedge funds have recently added to or reduced their stakes in NN. nVerses Capital LLC bought a new position in shares of NextNav during the second quarter valued at approximately $50,000. Principal Financial Group Inc. bought a new position in NextNav during the 2nd quarter valued at approximately $82,000. Quest Partners LLC purchased a new position in NextNav during the second quarter valued at $88,000. King Luther Capital Management Corp bought a new stake in NextNav in the third quarter worth $90,000. Finally, Wolverine Asset Management LLC boosted its holdings in NextNav by 323.6% in the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after acquiring an additional 9,248 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price target on NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

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.