NextNav Inc. (NASDAQ:NN) Major Shareholder Joseph D. Samberg Purchases 181,000 Shares of Stock

NextNav Inc. (NASDAQ:NNGet Free Report) major shareholder Joseph D. Samberg acquired 181,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average price of $7.30 per share, for a total transaction of $1,321,300.00. Following the completion of the acquisition, the insider now owns 9,881,450 shares in the company, valued at approximately $72,134,585. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

NextNav Trading Up 1.7 %

Shares of NextNav stock opened at $7.88 on Tuesday. The stock has a market cap of $964.77 million, a P/E ratio of -9.97 and a beta of 1.08. The stock’s 50 day simple moving average is $7.99 and its 200-day simple moving average is $5.91. NextNav Inc. has a 1-year low of $2.77 and a 1-year high of $9.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.01 and a quick ratio of 4.01.

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

Institutional Trading of NextNav

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new stake in NextNav in the first quarter valued at approximately $68,000. Arizona State Retirement System purchased a new stake in NextNav in the fourth quarter valued at approximately $47,000. Spire Wealth Management raised its position in NextNav by 120.0% in the fourth quarter. Spire Wealth Management now owns 11,000 shares of the company’s stock valued at $49,000 after purchasing an additional 6,000 shares during the period. SG Americas Securities LLC purchased a new stake in NextNav in the fourth quarter valued at approximately $67,000. Finally, Jump Financial LLC acquired a new position in shares of NextNav in the fourth quarter worth $73,000. Hedge funds and other institutional investors own 79.16% of the company’s stock.

About NextNav

(Get 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.

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