NextNav Inc. (NASDAQ:NN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in NextNav Inc. (NASDAQ:NN) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,244 shares of the company’s stock after selling 3,832 shares during the quarter. California State Teachers Retirement System’s holdings in NextNav were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC boosted its holdings in 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 period. Price T Rowe Associates Inc. MD boosted its stake in shares of NextNav by 34.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after purchasing an additional 4,405 shares during the period. PEAK6 Investments LLC increased its stake in NextNav by 31.0% during the 1st quarter. PEAK6 Investments LLC now owns 42,131 shares of the company’s stock worth $277,000 after buying an additional 9,976 shares during the period. Wolf Hill Capital Management LP acquired a new stake in NextNav during the 1st quarter worth approximately $12,195,000. Finally, Vanguard Group Inc. lifted its holdings in NextNav by 37.7% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

NextNav Stock Performance

NASDAQ:NN opened at $7.32 on Monday. NextNav Inc. has a 52 week low of $3.55 and a 52 week high of $9.50. The company has a fifty day simple moving average of $7.95 and a two-hundred day simple moving average of $6.97. The company has a quick ratio of 5.93, a current ratio of 5.93 and a debt-to-equity ratio of 0.80. The company has a market cap of $896.21 million, a price-to-earnings ratio of -9.27 and a beta of 1.08.

NextNav (NASDAQ:NN) last released its earnings results on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.07). NextNav had a negative return on equity of 134.05% and a negative net margin of 2,181.52%. The company had revenue of $1.11 million for the quarter, compared to analyst estimates of $1.63 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. As a group, equities analysts anticipate that NextNav Inc. will post -0.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NextNav news, major shareholder Joseph D. Samberg acquired 81,200 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of $7.83 per share, for a total transaction of $635,796.00. Following the acquisition, the insider now owns 10,000,200 shares in the company, valued at approximately $78,301,566. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other NextNav news, major shareholder Joseph D. Samberg bought 81,200 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of $7.83 per share, with a total value of $635,796.00. Following the acquisition, the insider now directly owns 10,000,200 shares of the company’s stock, valued at approximately $78,301,566. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Arun Raghupathy sold 3,490 shares of NextNav stock in a transaction on Monday, June 17th. The shares were sold at an average price of $7.27, for a total transaction of $25,372.30. Following the completion of the transaction, the senior vice president now owns 1,092,595 shares in the company, valued at $7,943,165.65. The disclosure for this sale can be found here. Insiders sold 8,158 shares of company stock worth $59,309 in the last 90 days. Corporate insiders own 15.70% of the company’s stock.

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.