Navan, Inc. (NASDAQ:NAVN – Get Free Report) CEO Ariel Cohen sold 41,530 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $21.06, for a total value of $874,621.80. Following the completion of the sale, the chief executive officer directly owned 1,254,731 shares of the company’s stock, valued at $26,424,634.86. The trade was a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Navan Stock Performance
Shares of Navan stock traded down $0.38 during trading on Tuesday, reaching $21.28. The company’s stock had a trading volume of 4,326,537 shares, compared to its average volume of 3,054,333. The company has a 50-day moving average price of $18.61 and a two-hundred day moving average price of $14.78. The firm has a market cap of $5.41 billion and a PE ratio of -9.90. Navan, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $24.50. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.10.
Navan (NASDAQ:NAVN – Get Free Report) last released its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.20. The business had revenue of $220.23 million during the quarter. The firm’s quarterly revenue was up 39.8% on a year-over-year basis. On average, analysts forecast that Navan, Inc. will post -0.37 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on NAVN
Institutional Trading of Navan
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in shares of Navan during the fourth quarter worth about $35,000. California State Teachers Retirement System acquired a new stake in Navan in the fourth quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new stake in Navan in the 4th quarter valued at approximately $51,000. Sunbelt Securities Inc. acquired a new position in Navan during the 1st quarter worth approximately $71,000. Finally, New York State Common Retirement Fund acquired a new position in Navan during the 4th quarter worth approximately $101,000.
About Navan
Navan (NASDAQ: NAVN) is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.
Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.
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