NextNav Inc. (NASDAQ:NN) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of NextNav Inc. (NASDAQ:NN) by 10.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,691,508 shares of the company’s stock after buying an additional 158,455 shares during the period. Geode Capital Management LLC’s holdings in NextNav were worth $12,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in NextNav during the second quarter worth about $50,000. Principal Financial Group Inc. acquired a new stake in shares of NextNav in the second quarter valued at approximately $82,000. Quest Partners LLC acquired a new stake in shares of NextNav in the second quarter valued at approximately $88,000. King Luther Capital Management Corp acquired a new stake in shares of NextNav in the third quarter valued at approximately $90,000. Finally, Wolverine Asset Management LLC increased its stake in shares of NextNav by 323.6% in the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock valued at $98,000 after purchasing an additional 9,248 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, CFO Christian D. Gates sold 3,918 shares of the 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 completion of the transaction, the chief financial officer now directly owns 815,722 shares in the company, valued at $14,397,493.30. This trade represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Arun Raghupathy sold 3,332 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 1,087,019 shares of the company’s stock, 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 sold 209,367 shares of company stock worth $3,442,705 over the last three months. Corporate insiders own 15.70% of the company’s stock.

NextNav Price Performance

Shares of NASDAQ:NN opened at $16.62 on Tuesday. The firm’s 50 day moving average is $14.98 and its two-hundred day moving average is $10.30. NextNav Inc. has a 52 week low of $3.55 and a 52 week high of $18.54. The firm has a market capitalization of $2.17 billion, a P/E ratio of -22.16 and a beta of 1.13. 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 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.