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

NextNav Inc. (NASDAQ:NN) 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.

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.