NextNav Inc. Insider Selling by COO Susan Brasse
NextNav's COO Susan Brasse sold 2,370 shares at $17.13 each under a planned sale.
Key Points
- Susan Brasse, COO of NextNav Inc., sold 2,370 shares at $17.13 each on June 24, 2026, in a planned transaction.
- NextNav Inc. trades on the NasdaqCM with a market cap of $2.27 billion and a 52-week range of $10.87 to $24.42.
- Vanguard Capital Management LLC opened a new position in NextNav, acquiring 3,902,659 shares worth about $62.52 million.
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On June 24, 2026, Susan Brasse, the Chief Operating Officer of NextNav Inc. (NasdaqCM:NN), sold 2,370 shares of the company. The shares were sold at an average price of $17.13 each, totaling approximately $40,598. This transaction was part of a planned sale under a Rule 10b5-1 trading plan.
What Changed in Susan Brasse's NextNav Position
Susan Brasse reduced her holdings in NextNav Inc. by 2,370 shares. This planned sale was executed at $17.13 per share, resulting in a total transaction value of about $40,598. Brasse's sale is part of her planned transactions as COO.
Other Institutional Activity in NextNav
Several institutional investors made notable moves in NextNav Inc. Clutterbuck Capital Management LLC significantly increased its position by adding 3,537,535 shares, bringing its total to 9,300,806 shares valued at about $150.50 million, a 61.4% increase. Meanwhile, BlackRock, Inc. modestly increased its holdings by 234,089 shares, ending with 7,477,595 shares worth approximately $119.79 million. Wolf Hill Capital Management, LP grew its stake by 1,888,826 shares, a 36.7% increase, totaling 7,040,191 shares valued at $112.78 million. Vanguard Capital Management LLC opened a new position, acquiring 3,902,659 shares valued at roughly $62.52 million.
NextNav Inc. Stock Up 12.0%
Shares of NextNav Inc. traded near $16.67 on Saturday. The company has a market capitalization of approximately $2.27 billion. It operates in the technology sector, specifically within the software infrastructure industry. The stock's 52-week range spans from $10.87 to $24.42, with a 50-day moving average of $20.11 and a 200-day moving average of $16.54. NextNav's beta is 1.047, indicating moderate volatility.
$NN stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at NextNav Inc.
In addition to Susan Brasse's planned sale, other insider transactions occurred at NextNav. On June 23, 2026, Neil Subin executed multiple trades, selling 250,000 shares and buying the same amount at different prices. Subin also made similar transactions on June 22, 2026. On June 17, 2026, Foundation Holdco LP purchased 3,989,738 shares at $12.56 each.
Analysts Set New Price Targets
On June 3, 2026, Oppenheimer maintained its "buy" rating for NextNav Inc. with a price target of $50. Previously, on April 16, 2026, Oppenheimer upgraded the stock to a "buy" with a target of $25. The consensus among analysts is a "strong buy," with an average target price of $39.50 based on two opinions.
About NextNav Inc.
NextNav Inc. provides advanced positioning, navigation, and timing solutions in the United States. The company offers services like Pinnacle, which enhances altitude accuracy for public safety applications, and TerraPoiNT, a 3D system offering GPS-like services through a land-based network. NextNav serves industries like telecom, public safety, and critical infrastructure. Founded in 2007, the company is headquartered in Reston, Virginia, and led by CEO Ms. Mariam Sorond.
Bottom Line
Susan Brasse's planned sale of shares in NextNav Inc. is part of her regular trading plan. Investors often track insider transactions to gauge management's sentiment about the company's prospects. However, it's important to remember that insider sales can be for various personal reasons and don't always reflect the company's health. As always, the 13F filings provide a snapshot of past holdings and may not represent current positions.
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