Perigon Wealth Management LLC Increases Stake in NextNav Inc. (NASDAQ:NN)

Perigon Wealth Management LLC raised its holdings in shares of NextNav Inc. (NASDAQ:NN) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,000 shares of the company’s stock after purchasing an additional 9,400 shares during the quarter. Perigon Wealth Management LLC’s holdings in NextNav were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new position in shares of NextNav in the second quarter valued at $25,000. BlackRock Inc. increased its position in shares of NextNav by 173.3% during the first quarter. BlackRock Inc. now owns 3,329 shares of the company’s stock valued at $25,000 after buying an additional 2,111 shares during the period. Citigroup Inc. purchased a new stake in shares of NextNav in the first quarter worth about $26,000. Legal & General Group Plc bought a new position in shares of NextNav in the second quarter valued at approximately $27,000. Finally, UBS Group AG grew its stake in NextNav by 189.9% during the first quarter. UBS Group AG now owns 4,691 shares of the company’s stock valued at $35,000 after acquiring an additional 3,073 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.

Insider Buying and Selling at NextNav

In other NextNav news, CAO Sammaad Shams sold 13,469 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $56,973.87. Following the completion of the transaction, the chief accounting officer now owns 74,122 shares of the company’s stock, valued at approximately $313,536.06. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, General Counsel Robert Lantz sold 8,776 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $4.23, for a total value of $37,122.48. Following the completion of the transaction, the general counsel now directly owns 90,433 shares in the company, valued at approximately $382,531.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sammaad Shams sold 13,469 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $56,973.87. Following the transaction, the chief accounting officer now directly owns 74,122 shares in the company, valued at $313,536.06. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 733,000 shares of company stock valued at $3,227,160 and have sold 76,002 shares valued at $321,398. Insiders own 15.70% of the company’s stock.

NextNav Price Performance

NASDAQ NN opened at $8.08 on Friday. The company’s 50 day simple moving average is $5.42 and its two-hundred day simple moving average is $4.76. The company has a current ratio of 9.31, a quick ratio of 9.31 and a debt-to-equity ratio of 0.60. NextNav Inc. has a 1 year low of $1.91 and a 1 year high of $8.57.

NextNav (NASDAQ:NN) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The firm had revenue of $1.21 million during the quarter, compared to the consensus estimate of $1.19 million. NextNav had a negative return on equity of 81.56% and a negative net margin of 1,857.46%. On average, research analysts anticipate that NextNav Inc. will post -0.59 earnings per share for the current year.

About NextNav

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.