Arun Raghupathy Sells 23,547 Shares of NextNav Inc. (NASDAQ:NN) Stock

NextNav Inc. (NASDAQ:NNGet Free Report) SVP Arun Raghupathy sold 23,547 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $99,603.81. Following the completion of the sale, the senior vice president now owns 1,130,538 shares in the company, valued at $4,782,175.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NextNav Price Performance

Shares of NASDAQ:NN opened at $4.74 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31. NextNav Inc. has a 52-week low of $1.59 and a 52-week high of $6.07. The stock’s fifty day simple moving average is $4.17 and its 200-day simple moving average is $4.49.

Institutional Trading of NextNav

Several institutional investors and hedge funds have recently made changes to their positions in NN. BlackRock Inc. lifted its position in NextNav by 31.0% during the third quarter. BlackRock Inc. now owns 2,979,958 shares of the company’s stock worth $8,016,000 after buying an additional 704,945 shares during the period. Vanguard Group Inc. lifted its position in NextNav by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,351,121 shares of the company’s stock worth $10,462,000 after buying an additional 35,058 shares during the period. General American Investors Co. Inc. lifted its position in NextNav by 33.2% during the fourth quarter. General American Investors Co. Inc. now owns 1,666,915 shares of the company’s stock worth $7,418,000 after buying an additional 415,554 shares during the period. State Street Corp lifted its position in NextNav by 2.7% during the first quarter. State Street Corp now owns 1,055,876 shares of the company’s stock worth $2,143,000 after buying an additional 27,996 shares during the period. Finally, Geode Capital Management LLC increased its stake in NextNav by 10.8% during the first quarter. Geode Capital Management LLC now owns 881,603 shares of the company’s stock worth $1,790,000 after acquiring an additional 86,057 shares during the last quarter. 68.09% of the stock is currently owned by hedge funds and other institutional investors.

About NextNav

(Get Free Report)

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, which is based on three primary components comprising an altitude station network, device software, and secure cloud services platform.

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Insider Buying and Selling by Quarter for NextNav (NASDAQ:NN)

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