Arun Raghupathy Sells 3,332 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 3,332 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $18.32, for a total value of $61,042.24. Following the completion of the transaction, the senior vice president now directly owns 1,087,019 shares in the company, valued at approximately $19,914,188.08. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Arun Raghupathy also recently made the following trade(s):

• On Monday, November 18th, Arun Raghupathy sold 1,123 shares of NextNav stock. The shares were sold at an average price of $14.27, for a total transaction of $16,025.21.

NextNav Stock Performance

Shares of NN opened at $16.76 on Friday. NextNav Inc. has a one year low of $3.55 and a one year high of $18.54. The company has a market cap of $2.19 billion, a PE ratio of -22.35 and a beta of 1.13. The stock has a 50-day moving average of $13.94 and a 200-day moving average of $9.87. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.01 and a quick ratio of 5.01.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On NextNav

A number of hedge funds have recently added to or reduced their stakes in the company. Wolf Hill Capital Management LP raised its position in shares of 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 period. State Street Corp increased its stake in NextNav by 1.1% during the 3rd quarter. State Street Corp now owns 2,010,131 shares of the company’s stock valued at $15,056,000 after purchasing an additional 22,152 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 buying an additional 158,455 shares during the last quarter. Empyrean Capital Partners LP lifted its stake in shares of NextNav by 56.6% in the second 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NextNav by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock valued at $4,096,000 after buying an additional 57,780 shares during the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

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.