Those following along with NextNav Inc. (NASDAQ:NN) will no doubt be intrigued by the recent purchase of shares by Neil Subin, Independent Director of the company, who spent a stonking US$688k on stock at an average price of US$4.59. While that only increased their holding size by 7.2%, it is still a big swing by our standards.

View our latest analysis for NextNav

The Last 12 Months Of Insider Transactions At NextNav

Over the last year, we can see that the biggest insider purchase was by insider Charles Frischer for US$9.6m worth of shares, at about US$5.17 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$6.58. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Over the last year, we can see that insiders have bought 3.19m shares worth US$15m. On the other hand they divested 458.46k shares, for US$1.8m. Overall, NextNav insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NextNav is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does NextNav Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. NextNav insiders own 27% of the company, currently worth about US$207m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About NextNav Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about NextNav. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 4 warning signs for NextNav that deserve your attention before buying any shares.

Of course NextNav may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.