Navan, Inc. (NASDAQ:NAVN) Sees Large Increase in Short Interest

Posted by Brenda Bartman on Jul 17th, 2026

Navan, Inc. (NASDAQ:NAVN – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 11,416,427 shares, an increase of 106.0% from the June 15th total of 5,542,782 shares. Currently, 12.3% of the shares of the company are sold short. Based on an average daily volume of 6,012,882 shares, the days-to-cover ratio is currently 1.9 days.

Navan Stock Performance

Shares of NAVN traded up $0.16 during trading hours on Friday, reaching $25.96. 3,021,494 shares of the company’s stock traded hands, compared to its average volume of 3,315,643. Navan has a twelve month low of $8.10 and a twelve month high of $28.22. The business’s fifty day simple moving average is $21.82 and its two-hundred day simple moving average is $16.05. 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 capitalization of $6.60 billion and a price-to-earnings ratio of -12.07.

Navan (NASDAQ:NAVN – Get Free Report) last posted its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.20. The company had revenue of $220.23 million during the quarter. Navan’s quarterly revenue was up 39.8% on a year-over-year basis. Analysts predict that Navan will post -0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Navan from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, June 11th. Morgan Stanley upped their price objective on Navan from $25.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Jefferies Financial Group raised their target price on Navan from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Citigroup restated an “outperform” rating on shares of Navan in a research report on Thursday, June 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of Navan in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.07.

Get Our Latest Analysis on NAVN

Insider Activity

In related news, major shareholder Lightspeed Venture Partners Se sold 8,983 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $25.36, for a total transaction of $227,808.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Ilan Ezra Twig sold 24,726 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $21.06, for a total transaction of $520,729.56. Following the completion of the transaction, the chief technology officer directly owned 805,860 shares in the company, valued at $16,971,411.60. This represents a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 5,139,153 shares of company stock valued at $102,867,420 over the last quarter. 63.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NAVN. Royal Bank of Canada bought a new position in shares of Navan during the 4th quarter valued at about $35,000. California State Teachers Retirement System acquired a new stake in shares of Navan during the 4th quarter valued at $39,000. Russell Investments Group Ltd. bought a new stake in shares of Navan during the 4th quarter worth $51,000. Sunbelt Securities Inc. acquired a new position in shares of Navan in the 1st quarter worth $71,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Navan during the fourth quarter worth $101,000.

About Navan

(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.