Perigon Wealth Management LLC Grows Stock Holdings in NextNav Inc. (NASDAQ:NN)

Perigon Wealth Management LLC increased its stake in NextNav Inc. (NASDAQ:NN) by 41.6% during the 4th quarter, HoldingsChannel reports. The firm owned 32,000 shares of the company’s stock after buying an additional 9,400 shares during the period. Perigon Wealth Management LLC’s holdings in NextNav were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in NextNav by 31.0% during the third quarter. BlackRock Inc. now owns 2,979,958 shares of the company’s stock valued at $8,016,000 after buying an additional 704,945 shares during the last quarter. State Street Corp raised its holdings in NextNav by 829.0% in the 2nd quarter. State Street Corp now owns 602,633 shares of the company’s stock worth $1,368,000 after purchasing an additional 537,764 shares during the period. Vanguard Group Inc. lifted its position in NextNav by 27.9% during the third quarter. Vanguard Group Inc. now owns 2,316,063 shares of the company’s stock valued at $11,905,000 after purchasing an additional 505,324 shares in the last quarter. Invesco Ltd. grew its holdings in NextNav by 1,697.9% during the third quarter. Invesco Ltd. now owns 484,668 shares of the company’s stock valued at $2,491,000 after purchasing an additional 457,711 shares during the period. Finally, General American Investors Co. Inc. increased its position in NextNav by 55.9% in the third quarter. General American Investors Co. Inc. now owns 1,251,361 shares of the company’s stock worth $6,432,000 after buying an additional 448,884 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

Insider Activity

In other NextNav news, CAO Sammaad Shams sold 13,469 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.23, for a total transaction of $56,973.87. Following the completion of the sale, the chief accounting officer now directly owns 74,122 shares of the company’s stock, valued at approximately $313,536.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Joseph D. Samberg bought 150,000 shares of NextNav stock in a transaction dated Monday, January 22nd. The shares were purchased at an average cost of $3.96 per share, with a total value of $594,000.00. Following the completion of the acquisition, the insider now owns 9,500,000 shares of the company’s stock, valued at approximately $37,620,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Sammaad Shams sold 13,469 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $56,973.87. Following the transaction, the chief accounting officer now directly owns 74,122 shares of the company’s stock, valued at $313,536.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 733,000 shares of company stock worth $3,227,160 and have sold 76,002 shares worth $321,398. Company insiders own 15.70% of the company’s stock.

NextNav Stock Performance

NASDAQ NN opened at $8.08 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31. NextNav Inc. has a 12 month low of $1.91 and a 12 month high of $8.57. The company’s 50 day moving average is $5.42 and its two-hundred day moving average is $4.76.

NextNav (NASDAQ:NN) last released its earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). NextNav had a negative net margin of 1,857.46% and a negative return on equity of 81.56%. The firm had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $1.19 million. As a group, equities research analysts expect that NextNav Inc. will post -0.59 EPS for the current fiscal year.

NextNav Company Profile

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.