6 days Ago By ABMN Staff
Pictet Asset Management Holding SA purchased a new stake in NextNav Inc. ( NASDAQ:NN – Free Report ) during the 4th quarter, Holdings Channel reports. The firm purchased 11,210 shares of the company’s stock, valued at approximately $174,000.
Other hedge funds have also modified their holdings of the company. US Bancorp DE acquired a new position in NextNav in the 4th quarter valued at about $28,000. Golden State Wealth Management LLC purchased a new stake in shares of NextNav during the fourth quarter worth about $78,000.
FMR LLC raised its position in shares of NextNav by 354.3% in the third quarter. FMR LLC now owns 16,418 shares of the company’s stock valued at $123,000 after buying an additional 12,804 shares during the last quarter.
Wharton Business Group LLC purchased a new position in shares of NextNav during the fourth quarter valued at approximately $156,000. Finally, Mission Wealth Management LP acquired a new stake in NextNav during the fourth quarter worth approximately $156,000. 79.
16% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at NextNav In other NextNav news, CFO Christian D. Gates sold 5,730 shares of the business’s stock in a transaction dated Monday, March 17th.
The stock was sold at an average price of $11.24, for a total transaction of $64,405.20.
Following the completion of the sale, the chief financial officer now owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. The trade was a 0.
66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, 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 value of $44,896.05.
Following the completion of the transaction, the chief accounting officer now owns 81,100 shares in the company, valued at approximately $909,131. This trade represents a 4.71 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 72,705 shares of company stock worth $816,495 in the last three months. Company insiders own 15.
70% of the company’s stock. NextNav Trading Up 1.5 % NextNav ( NASDAQ:NN – Get Free Report ) last released its earnings results on Wednesday, March 12th.
The company reported ($0.25) earnings per share 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 business had revenue of $1.91 million for the quarter, compared to analysts’ expectations of $1.
73 million. As a group, analysts forecast that NextNav Inc. will post -0.
74 EPS for the current year. About NextNav ( 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.
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