Arun Raghupathy Sells 1,123 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 1,123 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $14.27, for a total value of $16,025.21. Following the completion of the sale, the senior vice president now owns 1,090,351 shares of the company’s stock, valued at approximately $15,559,308.77. This represents a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NextNav Price Performance

Shares of NN stock opened at $15.35 on Thursday. The firm has a fifty day simple moving average of $9.89 and a 200-day simple moving average of $8.52. NextNav Inc. has a twelve month low of $3.55 and a twelve month high of $17.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01.

Analysts Set New Price Targets

Separately, B. Riley raised their target price on NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Institutional Trading of NextNav

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in NextNav by 37.7% in the first quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock worth $21,307,000 after purchasing an additional 887,075 shares in the last quarter. Wolf Hill Capital Management LP lifted its stake in NextNav by 14.6% during the second quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company’s stock worth $17,218,000 after purchasing an additional 269,754 shares during the last quarter. State Street Corp boosted its holdings in NextNav by 1.1% in the third quarter. State Street Corp now owns 2,010,131 shares of the company’s stock worth $15,056,000 after purchasing an additional 22,152 shares during the period. Geode Capital Management LLC raised its holdings in shares of NextNav by 10.3% during the third quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock worth $12,672,000 after purchasing an additional 158,455 shares during the period. Finally, Empyrean Capital Partners LP boosted its holdings in shares of NextNav by 56.6% in the 2nd quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company’s stock valued at $5,359,000 after buying an additional 238,845 shares during the period. 79.16% of the stock is currently owned by institutional investors and hedge funds.

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.