Swiss National Bank Takes Position in NextNav Inc. (NASDAQ:NN)

Swiss National Bank bought a new stake in NextNav Inc. (NASDAQ:NNFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 75,200 shares of the company’s stock, valued at approximately $335,000. Swiss National Bank owned approximately 0.07% of NextNav as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System purchased a new stake in NextNav during the fourth quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new stake in NextNav during the 4th quarter valued at $67,000. State Board of Administration of Florida Retirement System bought a new stake in NextNav in the third quarter worth $81,000. Kolinsky Wealth Management LLC purchased a new position in NextNav during the third quarter worth $95,000. Finally, Perigon Wealth Management LLC boosted its stake in NextNav by 41.6% during the fourth quarter. Perigon Wealth Management LLC now owns 32,000 shares of the company’s stock worth $142,000 after buying an additional 9,400 shares during the period. Institutional investors own 79.16% of the company’s stock.

Insider Buying and Selling at NextNav

In other NextNav news, CAO Sammaad Shams sold 13,469 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $56,973.87. Following the completion of the transaction, the chief accounting officer now directly owns 74,122 shares in the company, valued at $313,536.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Sammaad Shams sold 13,469 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $4.23, for a total transaction of $56,973.87. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Arun Raghupathy sold 23,547 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $99,603.81. Following the completion of the sale, the senior vice president now owns 1,130,538 shares of the company’s stock, valued at $4,782,175.74. The disclosure for this sale can be found here. In the last ninety days, insiders bought 690,239 shares of company stock valued at $3,444,597 and sold 103,600 shares valued at $536,251. 15.70% of the stock is currently owned by corporate insiders.

NextNav Trading Up 2.9 %

NN opened at $7.89 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.01 and a current ratio of 4.01. The stock’s 50 day moving average price is $7.85 and its 200-day moving average price is $5.54. NextNav Inc. has a one year low of $2.42 and a one year high of $9.50. The stock has a market cap of $952.32 million, a price-to-earnings ratio of -9.99 and a beta of 1.16.

NextNav (NASDAQ:NNGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.14). The company had revenue of $1.05 million for the quarter, compared to analysts’ expectations of $1.23 million. NextNav had a negative net margin of 2,133.30% and a negative return on equity of 109.93%. On average, equities analysts forecast that NextNav Inc. will post -0.69 EPS for the current year.

NextNav Company Profile

(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.

Featured Stories

Institutional Ownership by Quarter for NextNav (NASDAQ:NN)

Receive News & Ratings for NextNav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextNav and related companies with MarketBeat.com's FREE daily email newsletter.