Key Points
- Sammaad Shams, NextNav’s CAO, sold 1,767 shares on March 20 at an average price of $18.11 for about $32,000, leaving him with 76,895 shares—a roughly 2.25% reduction in his ownership.
- Shams also sold 3,297 shares on March 17 at $16.86 (~$55,587) and 115 shares on March 19 at $17.80 (~$2,047), showing multiple insider disposals over the same week.
- NextNav has a $2.53 billion market cap, reported a quarterly EPS of -$0.13 with very negative margins, and faces bearish analyst sentiment (average rating: Reduce, including "strong sell" and "sell" notes).
NextNav Inc. (NASDAQ:NN - Get Free Report) CFO Timothy Gray sold 1,405 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $18.11, for a total transaction of $25,444.55. Following the sale, the chief financial officer directly owned 131,786 shares of the company's stock, valued at approximately $2,386,644.46. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NextNav Stock Performance
NextNav stock opened at $18.68 on Tuesday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -12.13 and a beta of 0.96. NextNav Inc. has a 1 year low of $10.64 and a 1 year high of $19.91. The firm's 50 day moving average price is $16.17 and its two-hundred day moving average price is $15.26.
NextNav (NASDAQ:NN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, meeting analysts' consensus estimates of ($0.13). The company had revenue of $0.95 million during the quarter, compared to the consensus estimate of $0.86 million. NextNav had a negative return on equity of 556.83% and a negative net margin of 4,503.43%. As a group, equities analysts predict that NextNav Inc. will post -0.74 EPS for the current fiscal year.
Institutional Investors Weigh In On NextNav
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in shares of NextNav by 732.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,127 shares of the company's stock worth $69,000 after acquiring an additional 3,631 shares in the last quarter. Corient Private Wealth LLC grew its stake in NextNav by 104.7% in the fourth 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 increased its position in NextNav by 57.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 99,942 shares of the company's stock worth $1,663,000 after purchasing an additional 36,563 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in NextNav in the 4th quarter worth about $481,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of NextNav during the 4th quarter worth about $109,000. Hedge funds and other institutional investors own 79.16% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on NN shares. Wall Street Zen cut shares of NextNav from a "hold" rating to a "strong sell" rating in a report on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NextNav in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce".
Get Our Latest Analysis on NextNav
NextNav Company Profile
(
Get Free Report)
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.
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