Senior Vice President David Knutson has sold 20,000 shares of NextNav Inc (NN, Financial) on January 9, 2024, according to a recent SEC Filing. The transaction was executed at a price of $5.01 per share, resulting in a total sale value of $100,200.
NextNav Inc is a company that provides next generation GPS solutions. The company's technology enhances the capabilities of existing GPS systems by providing higher accuracy and reliability, which is crucial for various applications including navigation, timing, and emergency services.
Over the past year, the insider has sold a total of 87,766 shares of NextNav Inc and has not made any purchases of the stock. This latest transaction continues the trend observed over the past year, where there have been no insider buys and 34 insider sells.
The insider transaction history for NextNav Inc indicates a pattern of consistent selling by insiders over the past year. This could be a point of interest for investors and analysts monitoring insider behaviors for insights into the company's performance and stock valuation.
On the day of the insider's recent sale, shares of NextNav Inc were trading at $5.01, giving the company a market capitalization of $454.399 million.
Investors often look at insider selling as a signal of how executives and directors feel about the current valuation of their company's stock. While insider selling is not always indicative of a company's future performance, it can provide context for the market's evaluation of the stock.
For more detailed information on insider transactions and stock performance for NextNav Inc, interested parties can visit the company's profile on GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
