Navan, Inc. (NASDAQ:NAVN – Get Free Report) CEO Ariel Cohen sold 41,530 shares of the stock in a transaction on Monday, June 22nd. The stock was 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 in the company, valued at approximately $26,424,634.86. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Navan Price Performance
NAVN opened at $21.28 on Wednesday. The stock has a 50-day moving average price of $18.79 and a 200-day moving average price of $14.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market cap of $5.41 billion and a PE ratio of -9.90. Navan, Inc. has a 1 year low of $8.10 and a 1 year high of $24.50.
Navan (NASDAQ:NAVN – Get Free Report) last announced its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.20. The firm had revenue of $220.23 million for the quarter. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. Sell-side analysts predict that Navan, Inc. will post -0.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Research Report on NAVN
Institutional Trading of Navan
A number of hedge funds and other institutional investors have recently bought and sold shares of NAVN. Royal Bank of Canada purchased a new position in shares of Navan during the 4th quarter valued at about $35,000. California State Teachers Retirement System purchased a new position in Navan in the 4th quarter worth approximately $39,000. Russell Investments Group Ltd. bought a new position in Navan in the 4th quarter worth approximately $51,000. Sunbelt Securities Inc. purchased a new stake in Navan during the 1st quarter valued at approximately $71,000. Finally, New York State Common Retirement Fund purchased a new stake in Navan during the 4th quarter valued at 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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