Sammaad Shams Sells 1,576 Shares of NextNav (NASDAQ:NN) Stock

by · The Cerbat Gem

NextNav Inc. (NASDAQ:NN – Get Free Report) CAO Sammaad Shams sold 1,576 shares of NextNav stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $16.24, for a total value of $25,594.24. Following the transaction, the chief accounting officer owned 65,995 shares of the company’s stock, valued at $1,071,758.80. This represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 transaction of $1,768.68.

NextNav Stock Performance

NASDAQ:NN traded up $0.74 during mid-day trading on Tuesday, hitting $16.85. 1,182,832 shares of the stock were exchanged, compared to its average volume of 1,338,850. The firm’s 50-day simple moving average is $13.59 and its 200 day simple moving average is $14.62. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -12.96 and a beta of 0.99. NextNav Inc. has a fifty-two week low of $9.05 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 32.42, a quick ratio of 11.54 and a current ratio of 11.53.

NextNav (NASDAQ:NN – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. NextNav had a negative net margin of 3,109.88% and a negative return on equity of 556.83%. The firm had revenue of $0.89 million during the quarter, compared to the consensus estimate of $1.13 million. As a group, equities analysts anticipate that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC purchased a new stake in shares of NextNav during the 2nd quarter worth approximately $25,000. Clearstead Advisors LLC purchased a new stake in NextNav during the third quarter valued at $52,000. Harbor Investment Advisory LLC lifted its position in NextNav by 71.0% during the second quarter. Harbor Investment Advisory LLC now owns 3,685 shares of the company’s stock valued at $56,000 after purchasing an additional 1,530 shares during the last quarter. FWL Investment Management LLC purchased a new position in shares of NextNav in the 2nd quarter worth $70,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of NextNav by 15.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,888 shares of the company’s stock worth $105,000 after buying an additional 898 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on NN shares. Wall Street Zen cut shares of NextNav from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of NextNav from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Get Our Latest Analysis on NN

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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