Key Points
- CAO Sammaad Shams sold 3,945 shares of NextNav on March 26 at an average price of $19.54 for $77,085, leaving him with 72,950 shares — a 5.13% reduction in his ownership; he also executed several smaller sales earlier in March.
- Company and market signal: NN opened at $17.87 and is down 5.0%, while NextNav reported ($0.13) EPS (matching estimates) but shows extreme negative net margin and negative ROE, and analysts’ consensus rating is “Reduce” after recent downgrades.
- Institutional backing: Major funds like Vanguard, Susquehanna, VanEck and UBS have recently increased stakes, and roughly 79.16% of the stock is held by hedge funds and other institutional investors.
NextNav Inc. (NASDAQ:NN - Get Free Report) CAO Sammaad Shams sold 3,945 shares of NextNav 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 completion of the sale, the chief accounting officer owned 72,950 shares in the company, valued at approximately $1,425,443. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 shares were 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 value of $2,047.00.
- On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The stock was sold at an average price of $16.86, for a total value of $55,587.42.
NextNav Stock Down 5.0%
NASDAQ:NN opened at $17.87 on Friday. The firm's fifty day simple moving average is $16.47 and its 200 day simple moving average is $15.33. The stock 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 twelve month low of $10.64 and a twelve month high of $19.91.
NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). NextNav had a negative net margin of 4,503.43% and a negative return on equity of 556.83%. The business had revenue of $0.95 million during the quarter, compared to analyst estimates of $0.86 million. On average, analysts expect that NextNav Inc. will post -0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On NextNav
Several large investors have recently made changes to their positions in NN. Van ECK Associates Corp boosted its position in shares of NextNav by 79.5% in the 4th quarter. Van ECK Associates Corp now owns 1,379,524 shares of the company's stock worth $22,955,000 after purchasing an additional 611,179 shares in the last quarter. Susquehanna Advisors Group Inc. raised its stake in NextNav by 12.1% during the third quarter. Susquehanna Advisors Group Inc. now owns 5,407,345 shares of the company's stock valued at $77,325,000 after buying an additional 584,804 shares during the last quarter. Vanguard Group Inc. raised its stake in NextNav by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 6,932,757 shares of the company's stock valued at $115,361,000 after buying an additional 573,214 shares during the last quarter. Philosophy Capital Management LLC bought a new stake in NextNav in the third quarter worth $7,791,000. Finally, UBS Group AG grew its stake in shares of NextNav by 35.0% in the fourth quarter. UBS Group AG now owns 1,991,825 shares of the company's stock worth $33,144,000 after acquiring an additional 516,045 shares during the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on NN shares. Wall Street Zen downgraded shares of NextNav from a "hold" rating to a "strong sell" rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NextNav in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NextNav has an average rating of "Reduce".
Check Out Our Latest Analysis on NN
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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