Neil S. Subin Purchases 50,000 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NNGet Free Report) Director Neil S. Subin acquired 50,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of $7.62 per share, for a total transaction of $381,000.00. Following the completion of the purchase, the director now owns 2,265,213 shares in the company, valued at approximately $17,260,923.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NextNav Stock Down 3.1 %

Shares of NN stock traded down $0.24 on Wednesday, hitting $7.48. The stock had a trading volume of 719,413 shares, compared to its average volume of 910,008. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.01 and a quick ratio of 4.01. The business has a 50 day moving average of $7.08 and a 200 day moving average of $5.26. NextNav Inc. has a 12-month low of $2.12 and a 12-month high of $9.50. The stock has a market cap of $902.84 million, a price-to-earnings ratio of -9.77 and a beta of 1.16.

NextNav (NASDAQ:NNGet Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative net margin of 2,133.30% and a negative return on equity of 109.93%. The firm had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $1.19 million. As a group, analysts expect that NextNav Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On NextNav

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System purchased a new position in shares of NextNav in the fourth quarter valued at $47,000. Spire Wealth Management boosted its stake in NextNav by 120.0% in the 4th quarter. Spire Wealth Management now owns 11,000 shares of the company’s stock worth $49,000 after purchasing an additional 6,000 shares during the period. SG Americas Securities LLC purchased a new position in NextNav during the 4th quarter valued at about $67,000. Simplicity Wealth LLC bought a new stake in shares of NextNav during the first quarter valued at about $68,000. Finally, Jump Financial LLC purchased a new stake in shares of NextNav in the fourth quarter worth about $73,000. 79.16% of the stock is owned by institutional investors.

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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Insider Buying and Selling by Quarter for NextNav (NASDAQ:NN)

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