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

NextNav Inc. (NASDAQ:NN) SVP Arun Raghupathy sold 3,332 shares of the company’s stock in a transaction 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 owns 1,087,019 shares of the company’s stock, valued at $19,914,188.08. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

NextNav Price Performance

Shares of NASDAQ NN opened at $16.47 on Thursday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $13.75 and a two-hundred day simple moving average of $9.82. NextNav Inc. has a 1-year low of $3.55 and a 1-year high of $18.54. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -21.96 and a beta of 1.13.

Hedge Funds Weigh In On NextNav

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

Analyst Upgrades and Downgrades

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

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.