Navan (NASDAQ:NAVN) Shares Gap Down – Here’s What Happened

Posted by Stanley Muller on Jul 2nd, 2026

Navan, Inc. (NASDAQ:NAVN – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $24.25, but opened at $23.61. Navan shares last traded at $24.35, with a volume of 334,060 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings upgraded Navan from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 12th. Citigroup restated an “outperform” rating on shares of Navan in a research note on Thursday, June 11th. Oppenheimer set a $30.00 price objective on Navan in a report on Thursday, June 11th. BMO Capital Markets upped their target price on Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Navan has a consensus rating of “Moderate Buy” and an average price target of $28.64.

View Our Latest Stock Report on NAVN

Navan Trading Up 2.6%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.31 and a current ratio of 4.31. The business’s 50 day moving average price is $19.79 and its 200-day moving average price is $15.19. The firm has a market cap of $6.33 billion and a price-to-earnings ratio of -11.57.

Navan (NASDAQ:NAVN – Get Free Report) last posted its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The firm had revenue of $220.23 million during the quarter. Navan’s quarterly revenue was up 39.8% compared to the same quarter last year. Equities analysts expect that Navan, Inc. will post -0.37 EPS for the current year.

Insider Transactions at Navan

In related news, President Michael Eric Sindicich sold 51,169 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $20.20, for a total transaction of $1,033,613.80. Following the sale, the president directly owned 549,251 shares of the company’s stock, valued at approximately $11,094,870.20. This represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Lightspeed Venture Partners Se sold 1,019,900 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $20.00, for a total value of $20,398,000.00. Following the transaction, the insider owned 3,761,089 shares in the company, valued at $75,221,780. This trade represents a 21.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 5,119,601 shares of company stock worth $102,379,085. 63.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Navan

Several institutional investors have recently added to or reduced their stakes in NAVN. SG Americas Securities LLC acquired a new stake in shares of Navan during the fourth quarter worth $270,000. FNY Investment Advisers LLC bought a new stake in shares of Navan during the 4th quarter valued at about $115,000. Lunate Capital Ltd bought a new stake in shares of Navan during the 4th quarter valued at about $3,416,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Navan during the fourth quarter worth about $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Navan during the fourth quarter worth about $257,000.

Navan Company Profile

(Get Free Report)

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.