Key Points
- Sammaad Shams, NextNav's CAO, sold 1,576 shares on Dec. 16 at an average price of $16.24 for $25,594, reducing his stake by 2.33% to 65,995 shares (worth ≈$1.07M).
- NextNav reported quarterly EPS of ($0.12), beating estimates by $0.02 but missing on revenue ($0.89M vs. $1.13M), and the company shows deeply negative margins with an average analyst rating of "Reduce".
- Shares opened at $16.85 (up ~4.6%), the company has a market cap of about $2.27B and a 52‑week range of $9.05–$18.25, while hedge funds and institutions own roughly 79% of the stock.
NextNav Inc. (NASDAQ:NN - Get Free Report) CAO Sammaad Shams sold 1,576 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $16.24, for a total transaction of $25,594.24. Following the completion of the sale, the chief accounting officer owned 65,995 shares in the company, valued at $1,071,758.80. This represents a 2.33% decrease in their ownership of the stock. 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, September 19th, Sammaad Shams sold 102 shares of NextNav stock. The shares were sold at an average price of $17.34, for a total value of $1,768.68.
NextNav Stock Up 4.6%
Shares of NASDAQ:NN opened at $16.85 on Wednesday. The company has a quick ratio of 11.54, a current ratio of 11.53 and a debt-to-equity ratio of 32.42. The company has a market capitalization of $2.27 billion, a P/E ratio of -12.96 and a beta of 0.99. NextNav Inc. has a 52-week low of $9.05 and a 52-week high of $18.25. The stock's fifty day simple moving average is $13.64 and its 200-day simple moving average is $14.65.
NextNav (NASDAQ:NN - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. NextNav had a negative return on equity of 556.83% and a negative net margin of 3,109.88%.The firm had revenue of $0.89 million during the quarter, compared to analysts' expectations of $1.13 million. As a group, equities research analysts forecast that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NextNav
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caxton Associates LLP acquired a new stake in NextNav in the third quarter valued at approximately $776,000. Verition Fund Management LLC lifted its position in shares of NextNav by 47.7% during the third quarter. Verition Fund Management LLC now owns 263,217 shares of the company's stock worth $3,764,000 after purchasing an additional 85,021 shares in the last quarter. Susquehanna Advisors Group Inc. boosted its stake in shares of NextNav by 12.1% in the third quarter. Susquehanna Advisors Group Inc. now owns 5,407,345 shares of the company's stock valued at $77,325,000 after purchasing an additional 584,804 shares during the period. Prentice Capital Management LP grew its holdings in NextNav by 2.5% during the 3rd quarter. Prentice Capital Management LP now owns 442,759 shares of the company's stock valued at $6,331,000 after purchasing an additional 10,737 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in NextNav during the 3rd quarter valued at $1,235,000. Hedge funds and other institutional investors own 79.16% of the company's stock.
Wall Street Analysts Forecast Growth
NN has been the topic of several research reports. Zacks Research upgraded shares of NextNav from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of NextNav in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of NextNav from a "hold" rating to a "sell" rating in a report on Sunday, November 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce".
Check Out Our Latest Research Report on NextNav
About NextNav
(
Get Free Report)
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.
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