Joseph D. Samberg Buys 181,000 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NN) major shareholder Joseph D. Samberg purchased 181,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was acquired at an average price of $7.30 per share, with a total value of $1,321,300.00. Following the completion of the purchase, the insider now directly owns 9,881,450 shares in the company, valued at $72,134,585. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

NextNav Trading Up 4.8 %

NN stock opened at $8.26 on Wednesday. NextNav Inc. has a 1-year low of $2.77 and a 1-year high of $9.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.01 and a quick ratio of 4.01. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -10.46 and a beta of 1.08. The business has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $5.94.

NextNav (NASDAQ:NN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.14). The business had revenue of $1.05 million during the quarter, compared to the consensus estimate of $1.23 million. NextNav had a negative return on equity of 109.93% and a negative net margin of 2,133.30%. Research analysts anticipate that NextNav Inc. will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC boosted its position in shares of NextNav by 4.7% during the 1st quarter. Ancora Advisors LLC now owns 265,797 shares of the company’s stock valued at $1,749,000 after acquiring an additional 12,000 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of NextNav by 34.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after acquiring an additional 4,405 shares during the last quarter. PEAK6 Investments LLC boosted its position in shares of NextNav by 31.0% during the 1st quarter. PEAK6 Investments LLC now owns 42,131 shares of the company’s stock valued at $277,000 after acquiring an additional 9,976 shares during the last quarter. Wolf Hill Capital Management LP bought a new stake in NextNav in the first quarter worth $12,195,000. Finally, Vanguard Group Inc. lifted its position in NextNav by 37.7% in the first quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock worth $21,307,000 after buying an additional 887,075 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors.

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.