NextNav (NASDAQ:NN) CAO Sammaad Shams Sells 1,767 Shares of Stock

NextNav Inc. (NASDAQ:NN) CAO Sammaad Shams sold 1,767 shares of NextNav stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $18.11, for a total value of $32,000.37. Following the completion of the sale, the chief accounting officer directly owned 76,895 shares in the company, valued at approximately $1,392,568.45. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sammaad Shams also recently made the following trade(s):

• On Thursday, March 19th, Sammaad Shams sold 115 shares of NextNav stock. The shares were sold at an average price of $17.80, for a total value of $2,047.00.
• On Tuesday, March 17th, Sammaad Shams sold 3,297 shares of NextNav stock. The shares were sold at an average price of $16.86, for a total transaction of $55,587.42.

NextNav Stock Up 4.1%

Shares of NASDAQ:NN opened at $18.68 on Tuesday. NextNav Inc. has a 52 week low of $10.64 and a 52 week high of $19.91. The stock has a market capitalization of $2.53 billion, a P/E ratio of -12.13 and a beta of 0.96. The firm has a fifty day simple moving average of $16.17 and a two-hundred day simple moving average of $15.26.

NextNav (NASDAQ:NN) last announced its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). The firm had revenue of $0.95 million for the quarter, compared to analysts’ expectations of $0.86 million. NextNav had a negative net margin of 4,503.43% and a negative return on equity of 556.83%. On average, analysts expect that NextNav Inc. will post -0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen cut NextNav from a “hold” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings reaffirmed 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. According to data from MarketBeat, NextNav presently has an average rating of “Reduce”.

Institutional Trading of NextNav

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of NextNav by 347.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,217 shares of the company’s stock valued at $37,000 after buying an additional 1,721 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of NextNav in the third quarter worth approximately $52,000. FWL Investment Management LLC bought a new stake in shares of NextNav during the 2nd quarter worth approximately $70,000. Kemnay Advisory Services Inc. bought a new stake in shares of NextNav during the 4th quarter worth approximately $97,000. Finally, Osterweis Capital Management Inc. purchased a new position in NextNav during the 4th quarter valued at $109,000. Institutional investors own 79.16% of the company’s stock.

NextNav Company Profile

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.