NextNav Inc. (NASDAQ:NN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of NextNav Inc. (NASDAQ:NN) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 576,254 shares of the company’s stock after buying an additional 29,448 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NextNav were worth $8,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of NextNav by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,691,508 shares of the company’s stock worth $12,672,000 after acquiring an additional 158,455 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of NextNav in the third quarter worth $1,060,000. 272 Capital LP acquired a new stake in shares of NextNav in the third quarter worth $756,000. Barclays PLC boosted its position in shares of NextNav by 29.2% in the third quarter. Barclays PLC now owns 291,964 shares of the company’s stock worth $2,187,000 after buying an additional 66,039 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of NextNav by 268.1% in the fourth quarter. Van ECK Associates Corp now owns 78,815 shares of the company’s stock worth $1,226,000 after buying an additional 57,403 shares during the period. 79.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NextNav news, CAO Sammaad Shams sold 4,005 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now directly owns 81,100 shares in the company, valued at $909,131. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christian D. Gates sold 5,730 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $11.24, for a total value of $64,405.20. Following the transaction, the chief financial officer now owns 857,206 shares in the company, valued at approximately $9,634,995.44. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,705 shares of company stock worth $816,495. Corporate insiders own 15.70% of the company’s stock.

NextNav Price Performance

Shares of NASDAQ:NN opened at $11.97 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 $6.19 and a 1 year high of $18.54. The business has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $12.07. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -15.96 and a beta of 1.17.

NextNav (NASDAQ:NN) last announced its quarterly earnings data on Wednesday, March 12th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10). NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. The firm had revenue of $1.91 million for the quarter, compared to analysts’ expectations of $1.73 million. As a group, sell-side analysts predict that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.

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.