Neil Subin Purchases 250,000 NN Shares
Neil Subin acquired 250,000 shares of NN, spending $2.88 million.
Key Points
- Neil Subin bought 250,000 shares of NN for $2.88 million on June 23, 2026.
- NN shares were trading near $16.98 on Thursday.
- Oppenheimer maintained a 'buy' rating with a $50 price target on June 3, 2026.
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Neil Subin made a significant purchase on June 23, 2026, acquiring 250,000 shares of NN at an average price of $11.50 per share. This transaction amounted to a total value of $2.88 million. The shares were not bought under a pre-planned 10b5-1 trading plan.
Other Institutional Activity in NN
Several other institutional investors have also been active in NN. Clutterbuck Capital Management LLC increased its holdings by 3,537,535 shares, now holding 9,300,806 shares valued at about $150.5 million, marking a 61.4% increase. Wolf Hill Capital Management, LP added 1,888,826 shares, bringing its total to 7,040,191 shares worth approximately $112.8 million, a 36.7% increase. Meanwhile, BlackRock, Inc. increased its position by 234,089 shares to a total of 7,477,595 shares, valued at approximately $119.8 million, reflecting a 3.2% rise.
NextNav Inc. Stock Up 10.5%
Shares of NN were trading near $16.98 on Thursday. Unfortunately, detailed company fundamentals such as market cap, P/E ratio, and beta were not available at this time.
$NN stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at NextNav Inc.
Neil Subin was notably active, buying 250,000 shares at $11.50 each on June 23, 2026, without a formal trading plan. On June 22, 2026, Subin also bought 502,707 shares, although the price wasn't specified. Earlier, on June 17, 2026, Foundation Holdco LP and FIG Buyer GP, LLC each purchased 3,989,738 shares at $12.56 per share.
Analysts Set New Price Targets
On June 3, 2026, Oppenheimer maintained a 'buy' rating on NN, setting a price target of $50. Previously, on April 16, 2026, they had upgraded their rating to 'buy' with a $25 target.
Bottom Line
Neil Subin's purchase of NN shares is a notable insider transaction, reflecting his confidence in the company. Investors often track such moves as potential indicators of a company's prospects. However, it's important to remember that insider transactions are just one piece of the investment puzzle. Always consider the broader market and company fundamentals before making investment decisions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.