NextNav (NASDAQ:NN) CEO Mariam Sorond Sells 11,322 Shares

NextNav Inc. (NASDAQ:NNGet Free Report) CEO Mariam Sorond sold 11,322 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.85, for a total value of $190,775.70. Following the transaction, the chief executive officer owned 1,259,624 shares of the company’s stock, valued at approximately $21,224,664.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Mariam Sorond also recently made the following trade(s):

  • On Tuesday, March 3rd, Mariam Sorond sold 69,853 shares of NextNav stock. The shares were sold at an average price of $16.91, for a total value of $1,181,214.23.

NextNav Trading Up 1.4%

NASDAQ NN traded up $0.26 during trading on Thursday, hitting $18.54. The stock had a trading volume of 1,777,003 shares, compared to its average volume of 1,203,030. NextNav Inc. has a 12 month low of $10.64 and a 12 month high of $19.91. The company’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $15.26.

NextNav (NASDAQ:NNGet Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share 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 company had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $0.86 million. As a group, analysts anticipate that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on NN shares. Wall Street Zen upgraded shares of NextNav from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NextNav has an average rating of “Reduce”.

Get Our Latest Stock Analysis on NextNav

NextNav News Summary

Here are the key news stories impacting NextNav this week:

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of NextNav by 347.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock worth $37,000 after purchasing an additional 1,721 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of NextNav in the third quarter valued at $52,000. FWL Investment Management LLC acquired a new position in NextNav during the second quarter worth $70,000. Kemnay Advisory Services Inc. acquired a new position in NextNav during the fourth quarter worth $97,000. Finally, Osterweis Capital Management Inc. bought a new stake in NextNav during the fourth quarter worth $109,000. Institutional investors and hedge funds own 79.16% of the company’s stock.

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

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