Traders Buy High Volume of Call Options on NextNav (NASDAQ:NN)

NextNav Inc. (NASDAQ:NN) saw some unusual options trading on Tuesday. Traders acquired 44,566 call options on the company. This represents an increase of 545% compared to the typical daily volume of 6,908 call options.

Insiders Place Their Bets

In other NextNav news, CEO Mariam Sorond sold 11,322 shares of NextNav stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $16.85, for a total transaction of $190,775.70. Following the completion of the sale, the chief executive officer directly owned 1,259,624 shares of the company’s stock, valued at $21,224,664.40. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel James S. Black sold 9,429 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $17.97, for a total value of $169,439.13. Following the completion of the transaction, the general counsel owned 93,566 shares in the company, valued at approximately $1,681,381.02. The trade was a 9.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,188 shares of company stock valued at $1,656,508 in the last three months. Corporate insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NextNav by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company’s stock valued at $579,000 after buying an additional 3,543 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of NextNav by 34.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company’s stock worth $5,705,000 after acquiring an additional 120,123 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NextNav by 6.3% in the second quarter. Geode Capital Management LLC now owns 1,933,030 shares of the company’s stock valued at $29,385,000 after acquiring an additional 115,261 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of NextNav by 10.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,276 shares of the company’s stock valued at $308,000 after acquiring an additional 1,884 shares in the last quarter. Finally, Creative Planning increased its stake in shares of NextNav by 81.5% during the second quarter. Creative Planning now owns 29,184 shares of the company’s stock worth $444,000 after acquiring an additional 13,109 shares during the period. 79.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NN shares. Wall Street Zen cut shares of NextNav from a “hold” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

More NextNav News

Here are the key news stories impacting NextNav this week:

• Positive Sentiment: Unusually large call-option volume — Traders bought roughly 44,566 call options (a ~545% jump versus typical daily call volume), which can signal bullish bets or hedged positioning that may provide upward pressure or volatility support.
• Neutral Sentiment: Reported short-interest data appears to be erroneous or shows zero short interest (entries list 0 shares and NaN changes), so short-squeeze dynamics are unlikely to be a current driver based on available data.
• Negative Sentiment: Multiple insider equity sales by senior executives — CFO Timothy Gray sold 1,405 shares at ~$18.11, General Counsel James S. Black sold 9,429 shares at ~$17.97, and CAO Sammaad Shams sold 1,767 shares. Insider selling at recent prices can be interpreted negatively by investors. Insider Trades: Timothy Gray Sells
• Negative Sentiment: Analyst sentiment leans negative — at least one firm recently cut NN to a strong-sell / sell view, which can depress demand from institutional and retail investors. See company coverage and recent analyst notes. MarketBeat: NextNav Coverage

NextNav Stock Performance

NextNav stock opened at $18.52 on Wednesday. The company has a market capitalization of $2.51 billion, a P/E ratio of -12.03 and a beta of 0.96. NextNav has a fifty-two week low of $10.64 and a fifty-two week high of $19.91. The stock has a 50-day simple moving average of $16.26 and a 200-day simple moving average of $15.27.

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

About NextNav

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.