NextNav Target of Unusually Large Options Trading (NASDAQ:NN)

NextNav Inc. (NASDAQ:NN) was the target of some unusual options trading activity on Friday. Investors bought 10,644 call options on the stock. This represents an increase of 240% compared to the typical volume of 3,135 call options.

NextNav Stock Down 1.4 %

Shares of NASDAQ:NN opened at $11.04 on Friday. The company has a fifty day moving average of $11.90 and a 200-day moving average of $11.89. The company has a market capitalization of $1.44 billion, a PE ratio of -14.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. NextNav has a 52-week low of $3.95 and a 52-week high of $18.54.

NextNav (NASDAQ:NN) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). The company had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. On average, equities analysts predict that NextNav will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling at NextNav

In other NextNav news, CFO Christian D. Gates sold 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total transaction of $69,152.70. Following the completion of the transaction, the chief financial officer now directly owns 815,722 shares in the company, valued at $14,397,493.30. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $61,042.24. Following the transaction, the senior vice president now owns 1,087,019 shares of the company’s stock, valued at approximately $19,914,188.08. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,908 shares of company stock worth $141,851 over the last three months. Corporate insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NextNav by 57.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,302 shares of the company’s stock worth $1,670,000 after purchasing an additional 39,222 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of NextNav by 466.5% in the fourth quarter. Voloridge Investment Management LLC now owns 657,996 shares of the company’s stock worth $10,238,000 after purchasing an additional 541,842 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of NextNav in the fourth quarter worth $535,000. Squarepoint Ops LLC bought a new stake in shares of NextNav in the fourth quarter worth $2,316,000. Finally, Two Sigma Investments LP bought a new stake in shares of NextNav in the fourth quarter worth $511,000. 79.16% of the stock is currently owned by institutional investors and hedge funds.

About NextNav

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.