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

NextNav Inc. (NASDAQ:NNGet Free Report) SVP Arun Raghupathy sold 1,123 shares of NextNav stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $14.27, for a total transaction of $16,025.21. Following the sale, the senior vice president now owns 1,090,351 shares of the company’s stock, valued at approximately $15,559,308.77. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NextNav Stock Performance

Shares of NN stock traded up $1.11 during trading hours on Tuesday, hitting $16.21. 1,590,804 shares of the company’s stock traded hands, compared to its average volume of 867,647. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01. The stock’s fifty day simple moving average is $9.55 and its two-hundred day simple moving average is $8.43. NextNav Inc. has a 12-month low of $3.55 and a 12-month high of $17.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NN. nVerses Capital LLC purchased a new position in shares of NextNav in the second quarter worth approximately $50,000. Principal Financial Group Inc. purchased a new stake in NextNav in the 2nd quarter worth $82,000. Quest Partners LLC purchased a new stake in NextNav in the 2nd quarter worth $88,000. King Luther Capital Management Corp bought a new position in shares of NextNav during the 3rd quarter valued at about $90,000. Finally, Wolverine Asset Management LLC grew its position in shares of NextNav by 323.6% during the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock valued at $98,000 after purchasing an additional 9,248 shares in the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on NN

NextNav Company Profile

(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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Insider Buying and Selling by Quarter for NextNav (NASDAQ:NN)

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