NextNav (NASDAQ:NN) CAO Sammaad Shams Sells 3,945 Shares

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 3,945 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $19.54, for a total value of $77,085.30. Following the sale, the chief accounting officer owned 72,950 shares of the company’s stock, valued at $1,425,443. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, March 20th, Sammaad Shams sold 1,767 shares of NextNav stock. The stock was sold at an average price of $18.11, for a total value of $32,000.37.
• On Thursday, March 19th, Sammaad Shams sold 115 shares of NextNav stock. The shares were sold at an average price of $17.80, for a total transaction of $2,047.00.
• On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The shares were sold at an average price of $16.86, for a total transaction of $55,587.42.

NextNav Stock Performance

Shares of NextNav stock opened at $17.87 on Friday. The company has a market cap of $2.42 billion, a P/E ratio of -11.60 and a beta of 0.96. NextNav Inc. has a one year low of $10.64 and a one year high of $19.91. The firm has a fifty day moving average of $16.47 and a two-hundred day moving average of $15.34.

NextNav (NASDAQ:NN) last released its earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). The company had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $0.86 million. NextNav had a negative net margin of 4,503.43% and a negative return on equity of 556.83%. As a group, equities analysts predict that NextNav Inc. will post -0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NN shares. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a research report on Thursday, January 22nd. Wall Street Zen cut NextNav from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Institutional Investors Weigh In On NextNav

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of NextNav by 732.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,127 shares of the company’s stock worth $69,000 after purchasing an additional 3,631 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of NextNav by 104.7% in the 4th quarter. Corient Private Wealth LLC now owns 35,042 shares of the company’s stock valued at $583,000 after purchasing an additional 17,921 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of NextNav by 57.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 99,942 shares of the company’s stock valued at $1,663,000 after purchasing an additional 36,563 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in shares of NextNav in the fourth quarter valued at about $481,000. Finally, Osterweis Capital Management Inc. purchased a new stake in NextNav during the fourth quarter worth about $109,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

About NextNav

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.