NextNav Inc. (NASDAQ:NN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of NextNav Inc. (NASDAQ:NN) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 576,254 shares of the company’s stock after purchasing an additional 29,448 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.44% of NextNav worth $8,967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of NextNav by 10.3% in the third quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock valued at $12,672,000 after purchasing an additional 158,455 shares during the period. Paloma Partners Management Co purchased a new stake in shares of NextNav in the third quarter valued at $1,060,000. 272 Capital LP purchased a new stake in NextNav during the third quarter valued at about $756,000. Barclays PLC grew its position in NextNav by 29.2% during the third 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 during the period. Finally, Van ECK Associates Corp grew its position in NextNav by 268.1% during the fourth quarter. Van ECK Associates Corp now owns 78,815 shares of the company’s stock valued at $1,226,000 after acquiring an additional 57,403 shares during the period. 79.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Christian D. Gates sold 5,730 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.24, for a total value of $64,405.20. Following the completion of the sale, the chief financial officer now directly owns 857,206 shares of the company’s stock, valued at $9,634,995.44. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mariam Sorond sold 62,868 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.23, for a total value of $706,007.64. Following the completion of the sale, the chief executive officer now directly owns 1,550,358 shares of the company’s stock, valued at approximately $17,410,520.34. This represents a 3.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,705 shares of company stock worth $816,495. 15.70% of the stock is currently owned by corporate insiders.

NextNav Price Performance

NN stock opened at $11.97 on Friday. The stock has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $12.07. The company has a market cap of $1.57 billion, a PE ratio of -15.96 and a beta of 1.17. NextNav Inc. has a 12-month low of $6.19 and a 12-month high of $18.54. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The company had revenue of $1.91 million for the quarter, compared to analyst estimates of $1.73 million. As a group, research analysts predict 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.