Neil Subin Sells 250,000 Shares of NN
Neil Subin executed a significant sale of 250,000 shares of NN on June 23, 2026.
Key Points
- Neil Subin sold 250,000 shares of NN on June 23, 2026, with the stock trading near $16.98 on Thursday.
- NN saw institutional interest with Clutterbuck Capital Management increasing its position by 61.4%, ending with 9,300,806 shares worth about $150.5 million.
- Analysts like Oppenheimer maintained a buy rating for NN, with a price target of $50 set on June 3, 2026.
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Neil Subin sold 250,000 shares of NN on June 23, 2026. The transaction was not part of a pre-planned trading program. Shares of NN traded near $16.98 on Thursday.
Other Institutional Activity in NN
Clutterbuck Capital Management LLC increased its holdings in NN by 3,537,535 shares, ending with 9,300,806 shares valued at about $150.5 million, a 61.4% increase. BlackRock, Inc. added 234,089 shares, bringing its total to 7,477,595 shares worth approximately $119.8 million, reflecting a 3.2% increase. Wolf Hill Capital Management, LP grew its stake by 1,888,826 shares to 7,040,191 shares, valued at $112.8 million, marking a 36.7% increase. Susquehanna Advisors Group, Inc. also increased its position by 67,784 shares, resulting in 5,550,124 shares worth about $88.9 million, up 1.2%. Vanguard Capital Management LLC opened a new position with 3,902,659 shares valued at $62.5 million.
Insider Buying and Selling at NextNav Inc.
On June 23, 2026, Neil Subin sold 250,000 shares of NN. Additionally, on the same day, he purchased 250,000 shares at an average price of $11.50. The day before, on June 22, 2026, Subin sold and bought 502,707 shares. Earlier, on June 17, 2026, Foundation Holdco LP and FIG Buyer GP, LLC each bought 3,989,738 shares at $12.56 per share.
Analysts Set New Price Targets
On June 3, 2026, Oppenheimer maintained its buy rating on NN with a price target of $50. Previously, on April 16, 2026, Oppenheimer upgraded the stock to a buy with a target of $25. B. Riley Financial maintained a buy rating with a $12 target on November 9, 2023, while R.F. Lafferty maintained a buy rating with a $6 target on August 11, 2023.
Bottom Line
Neil Subin's recent sale of NN shares is noteworthy for investors tracking insider activity. Institutional investors have shown varied interest in NN, with some increasing their stakes significantly. Analyst ratings remain optimistic, with recent targets suggesting potential growth. Keep in mind that insider transactions are disclosed after they occur, and institutional activity is reported retrospectively.
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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.