NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates Sells 5,730 Shares

NextNav Inc. (NASDAQ:NN) CFO Christian D. Gates sold 5,730 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.24, for a total value of $64,405.20. Following the completion of the sale, the chief financial officer now owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NextNav Price Performance

NextNav stock opened at $11.80 on Thursday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $11.80 and a 200 day moving average price of $12.01. NextNav Inc. has a 12-month low of $4.50 and a 12-month high of $18.54. The stock has a market cap of $1.55 billion, a P/E ratio of -15.73 and a beta of 1.17.

NextNav (NASDAQ:NN) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The business had revenue of $1.91 million during the quarter, compared to analyst estimates of $1.73 million. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%. Sell-side analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current year.

Institutional Trading of NextNav

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of NextNav by 11.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock valued at $4,096,000 after purchasing an additional 57,780 shares during the period. 272 Capital LP acquired a new stake in NextNav during the 3rd quarter worth approximately $756,000. Geode Capital Management LLC boosted its position in NextNav by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock valued at $12,672,000 after buying an additional 158,455 shares during the period. Paloma Partners Management Co acquired a new position in shares of NextNav in the third quarter worth $1,060,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in shares of NextNav during the third quarter worth $366,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

About NextNav

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.