Investors Purchase Large Volume of NextNav Call Options (NASDAQ:NN)

Posted by Geri Gentry on Sep 1st, 2026

NextNav Inc. (NASDAQ:NN – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 47,744 call options on the company. This represents an increase of 143% compared to the average daily volume of 19,682 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NN. Zacks Research downgraded shares of NextNav from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Wall Street Zen cut NextNav from a “hold” rating to a “sell” rating in a report on Saturday. Oppenheimer lifted their target price on NextNav from $25.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of NextNav in a research report on Friday, July 17th. Finally, Odeon Capital Group began coverage on NextNav in a research note on Monday, July 20th. They issued a “buy” rating and a $22.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NextNav currently has a consensus rating of “Hold” and an average target price of $32.33.

View Our Latest Analysis on NextNav

Insider Activity

In related news, CEO Mariam Sorond sold 2,830 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $18.33, for a total transaction of $51,873.90. Following the completion of the sale, the chief executive officer directly owned 1,241,665 shares in the company, valued at approximately $22,759,719.45. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, CAO Sammaad Shams sold 2,006 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $17.84, for a total transaction of $35,787.04. Following the sale, the chief accounting officer directly owned 70,944 shares of the company’s stock, valued at approximately $1,265,640.96. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 sold 6,714 shares of company stock valued at $130,780 in the last quarter. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NextNav

Several hedge funds have recently added to or reduced their stakes in NN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NextNav by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,539 shares of the company’s stock worth $579,000 after acquiring an additional 3,543 shares during the last quarter. Goldman Sachs Group Inc. grew its position in NextNav by 34.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 468,748 shares of the company’s stock valued at $5,705,000 after acquiring an additional 120,123 shares during the last quarter. Creative Planning grew its position in NextNav by 81.5% in the 2nd quarter. Creative Planning now owns 29,184 shares of the company’s stock valued at $444,000 after acquiring an additional 13,109 shares during the last quarter. JPMorgan Chase & Co. increased its stake in NextNav by 33.7% in the second quarter. JPMorgan Chase & Co. now owns 61,772 shares of the company’s stock worth $939,000 after purchasing an additional 15,565 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of NextNav by 23.3% during the second quarter. Legal & General Group Plc now owns 68,946 shares of the company’s stock worth $1,048,000 after purchasing an additional 13,027 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors.

NextNav Trading Down 2.5%

NN traded down $0.40 during trading hours on Tuesday, hitting $15.47. The company’s stock had a trading volume of 952,443 shares, compared to its average volume of 2,217,209. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -15.92 and a beta of 1.10. The business’s 50-day moving average price is $15.82 and its 200-day moving average price is $17.60. NextNav has a 12 month low of $10.87 and a 12 month high of $24.42.

NextNav (NASDAQ:NN – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.08). NextNav had a negative net margin of 3,232.19% and a negative return on equity of 211.25%. The company had revenue of $1.15 million during the quarter, compared to the consensus estimate of $0.92 million. On average, analysts forecast that NextNav will post -0.46 earnings per share for the current year.

NextNav Company Profile

(Get 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.