NextNav Inc. (NASDAQ:NN) Shares Acquired by Amundi

Amundi grew its position in NextNav Inc. (NASDAQ:NN) by 46.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,883 shares of the company’s stock after acquiring an additional 9,222 shares during the period. Amundi’s holdings in NextNav were worth $449,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of NextNav by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock worth $12,672,000 after purchasing an additional 158,455 shares during the last quarter. Paloma Partners Management Co purchased a new stake in NextNav during the 3rd quarter valued at about $1,060,000. 272 Capital LP purchased a new stake in NextNav during the 3rd quarter valued at about $756,000. Barclays PLC grew its stake in NextNav by 29.2% during the 3rd quarter. Barclays PLC now owns 291,964 shares of the company’s stock valued at $2,187,000 after acquiring an additional 66,039 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in NextNav by 11.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 546,806 shares of the company’s stock valued at $4,096,000 after acquiring an additional 57,780 shares in the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

Insider Activity

In other NextNav news, CEO Mariam Sorond sold 62,868 shares of NextNav stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the transaction, the chief executive officer now directly owns 1,550,358 shares in the company, valued at approximately $17,410,520.34. The trade was a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sammaad Shams sold 4,005 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now owns 81,100 shares in the company, valued at approximately $909,131. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,705 shares of company stock worth $816,495. 15.70% of the stock is currently owned by corporate insiders.

NextNav Stock Performance

NextNav stock opened at $11.84 on Friday. The firm has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $12.01. NextNav Inc. has a 1-year low of $4.98 and a 1-year high of $18.54. 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 has a market cap of $1.56 billion, a price-to-earnings ratio of -15.79 and a beta of 1.17.

NextNav (NASDAQ:NN) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). The company had revenue of $1.91 million for the quarter, compared to analysts’ expectations 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, analysts expect that NextNav Inc. will post -0.74 EPS for the current year.

NextNav 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.