NextNav Inc. (NASDAQ:NN) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of NextNav Inc. (NASDAQ:NN) by 30.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,612 shares of the company’s stock after purchasing an additional 8,264 shares during the period. SG Americas Securities LLC’s holdings in NextNav were worth $554,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NN. King Luther Capital Management Corp purchased a new position in shares of NextNav during the third quarter valued at $90,000. FMR LLC boosted its position in NextNav by 354.3% during the 3rd quarter. FMR LLC now owns 16,418 shares of the company’s stock worth $123,000 after acquiring an additional 12,804 shares during the period. GSA Capital Partners LLP purchased a new position in NextNav during the 3rd quarter valued at about $125,000. Intech Investment Management LLC acquired a new position in shares of NextNav in the 3rd quarter valued at about $150,000. Finally, Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of NextNav in the fourth quarter worth approximately $157,000. 79.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NextNav

In related news, CEO Mariam Sorond sold 200,000 shares of NextNav stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $16.40, for a total value of $3,280,000.00. Following the completion of the sale, the chief executive officer now owns 1,574,117 shares of the company’s stock, valued at approximately $25,815,518.80. The trade was a 11.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Arun Raghupathy sold 3,332 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 209,367 shares of company stock worth $3,442,705 over the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

NextNav Trading Up 6.0 %

NASDAQ NN opened at $12.43 on Friday. 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 Inc. has a 1-year low of $3.55 and a 1-year high of $18.54. The firm’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $11.14. The company has a market capitalization of $1.62 billion, a PE ratio of -16.57 and a beta of 1.17.

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.