NextNav Inc. (NASDAQ:NN) Shares Bought by Fmr LLC

Fmr LLC lifted its holdings in NextNav Inc. (NASDAQ:NN) by 354.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,418 shares of the company’s stock after purchasing an additional 12,804 shares during the quarter. Fmr LLC’s holdings in NextNav were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wolf Hill Capital Management LP raised its holdings in shares of NextNav by 14.6% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company’s stock worth $17,218,000 after purchasing an additional 269,754 shares in the last quarter. Empyrean Capital Partners LP boosted its holdings in shares of NextNav by 56.6% in the second quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company’s stock worth $5,359,000 after buying an additional 238,845 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NextNav by 11.8% during the third 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 during the period. Ingalls & Snyder LLC grew its position in NextNav by 20.7% during the 2nd quarter. Ingalls & Snyder LLC now owns 296,900 shares of the company’s stock worth $2,408,000 after purchasing an additional 51,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of NextNav by 47.9% in the second quarter. Bank of New York Mellon Corp now owns 217,143 shares of the company’s stock worth $1,761,000 after buying an additional 70,343 shares during the period. Institutional investors own 79.16% of the company’s stock.

Insider Buying and Selling at NextNav

In related news, SVP Arun Raghupathy sold 3,332 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.32, for a total transaction of $61,042.24. Following the transaction, the senior vice president now directly owns 1,087,019 shares in the company, valued at $19,914,188.08. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Christian D. Gates sold 3,918 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total value of $69,152.70. Following the sale, the chief financial officer now owns 815,722 shares in the company, valued at approximately $14,397,493.30. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 209,367 shares of company stock valued at $3,442,705 in the last 90 days. 15.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, B. Riley increased 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 Stock Performance

Shares of NASDAQ NN opened at $15.60 on Monday. The business’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $9.95. NextNav Inc. has a 52 week low of $3.55 and a 52 week high of $18.54. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -20.80 and a beta of 1.13.

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.