NextNav Inc. (NASDAQ:NN) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in NextNav Inc. (NASDAQ:NN) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,080 shares of the company’s stock after selling 8,023 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.05% of NextNav worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NN. nVerses Capital LLC bought a new position in NextNav in the 2nd quarter valued at about $50,000. Principal Financial Group Inc. acquired a new stake in shares of NextNav in the 2nd quarter worth approximately $82,000. Quest Partners LLC bought a new position in shares of NextNav in the second quarter valued at approximately $88,000. King Luther Capital Management Corp acquired a new position in shares of NextNav during the third quarter valued at approximately $90,000. Finally, Wolverine Asset Management LLC raised its holdings in NextNav by 323.6% during the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after purchasing an additional 9,248 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

Insider Activity

In other NextNav news, CEO Mariam Sorond sold 200,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $16.40, for a total transaction of $3,280,000.00. Following the sale, the chief executive officer now directly owns 1,574,117 shares of the company’s stock, valued at $25,815,518.80. The trade was a 11.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christian D. Gates sold 3,918 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.65, for a total value of $69,152.70. Following the completion of the sale, the chief financial officer now directly owns 815,722 shares of the company’s stock, valued at approximately $14,397,493.30. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 209,367 shares of company stock valued at $3,442,705 over the last three months. Insiders own 15.70% of the company’s stock.

NextNav Price Performance

NASDAQ NN opened at $15.60 on Friday. NextNav Inc. has a 1 year low of $3.55 and a 1 year high of $18.54. The business’s fifty day moving average is $14.09 and its two-hundred day moving average is $9.93. The stock has a market capitalization of $2.04 billion, a P/E ratio of -20.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target on shares of NextNav from $12.00 to $20.00 and gave the stock 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.