NextNav Inc. $NN Stock Holdings Lifted by Sona Asset Management US LLC

Posted by Brenda Bartman on Jul 27th, 2026

Sona Asset Management US LLC lifted its holdings in NextNav Inc. (NASDAQ:NN – Free Report) by 37.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 521,477 shares of the company’s stock after buying an additional 143,349 shares during the quarter. Sona Asset Management US LLC’s holdings in NextNav were worth $8,354,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cannell & Spears LLC grew its position in shares of NextNav by 0.7% during the 1st quarter. Cannell & Spears LLC now owns 122,851 shares of the company’s stock valued at $1,961,000 after buying an additional 899 shares during the last quarter. Sei Investments Co. bought a new position in NextNav in the first quarter worth about $231,000. First Trust Advisors LP boosted its stake in NextNav by 3.8% in the first quarter. First Trust Advisors LP now owns 296,391 shares of the company’s stock valued at $4,748,000 after acquiring an additional 10,761 shares during the period. KBC Group NV acquired a new position in NextNav in the first quarter valued at approximately $38,000. Finally, Bleakley Financial Group LLC boosted its stake in NextNav by 83.8% in the first quarter. Bleakley Financial Group LLC now owns 27,072 shares of the company’s stock valued at $434,000 after acquiring an additional 12,343 shares during the period. 79.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NN shares. Odeon Capital Group began coverage on NextNav in a research report on Monday, July 20th. They set a “buy” rating and a $22.00 price target on the stock. B. Riley Financial restated a “buy” rating on shares of NextNav in a research report on Thursday, April 23rd. Oppenheimer upped their price objective on NextNav from $25.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. UBS Group set a $25.00 target price on NextNav in a research report on Thursday, April 16th. Finally, Zacks Research upgraded NextNav from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

View Our Latest Analysis on NN

NextNav Stock Performance

Shares of NASDAQ:NN opened at $12.44 on Monday. The firm’s 50 day moving average is $18.38 and its two-hundred day moving average is $17.44. The firm has a market capitalization of $1.70 billion, a P/E ratio of -10.28 and a beta of 1.06. NextNav Inc. has a 52 week low of $10.87 and a 52 week high of $24.42.

NextNav (NASDAQ:NN – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. The business had revenue of $0.99 million for the quarter, compared to analyst estimates of $0.94 million. Analysts predict that NextNav Inc. will post -0.48 EPS for the current year.

Insider Buying and Selling at NextNav

In other NextNav news, General Counsel James S. Black sold 1,878 shares of NextNav stock in a transaction on Friday, June 12th. The stock was sold at an average price of $22.96, for a total transaction of $43,118.88. Following the sale, the general counsel owned 91,688 shares of the company’s stock, valued at $2,105,156.48. The trade was a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mariam Sorond sold 2,830 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $18.33, for a total value of $51,873.90. Following the transaction, the chief executive officer owned 1,241,665 shares of the company’s stock, valued at $22,759,719.45. This trade represents a 0.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 76,567 shares of company stock valued at $1,522,252 in the last quarter. Corporate insiders own 7.80% of the company’s stock.

NextNav Company Profile

(Free Report)

NextNav, Inc is a provider of advanced 3D geolocation infrastructure and positioning services in the United States. The company operates a nationwide network designed to deliver real-time horizontal and vertical location data for consumer, enterprise and public safety applications. By leveraging spectrum holdings in the 900 MHz band, NextNav’s network offers precise altitude and position information that complements GPS and other satellite systems, particularly in urban canyons, indoors or underground environments where traditional signals struggle.

At the core of NextNav’s offering is its TerraPoiNT platform, which enables developers, carriers and emergency response centers to integrate high-accuracy vertical location into their applications and workflows.