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

NextNav Inc. (NASDAQ:NN) 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) 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”.

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.