Navan, Inc. (NASDAQ:NAVN – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $30.50.
Several equities research analysts have weighed in on the company. Rosenblatt Securities increased their price objective on Navan from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Citigroup restated an “outperform” rating on shares of Navan in a report on Thursday, June 11th. BNP Paribas Exane raised their price target on Navan from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Bank of America lifted their price target on shares of Navan from $26.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, TD Cowen reduced their price objective on shares of Navan from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th.
Get Our Latest Stock Report on Navan
Navan Price Performance
Navan (NASDAQ:NAVN – Get Free Report) last posted its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.17. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%.The company had revenue of $232.79 million for the quarter. Navan’s revenue was up 35.4% compared to the same quarter last year. As a group, equities analysts predict that Navan will post -0.29 earnings per share for the current year.
Insider Activity at Navan
In other news, President Michael Sindicich sold 8,977 shares of Navan stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $21.27, for a total transaction of $190,940.79. Following the sale, the president owned 539,341 shares of the company’s stock, valued at approximately $11,471,783.07. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Lightspeed Venture Partners Se sold 8,983 shares of the business’s 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 508,594 shares of company stock valued at $14,379,521. 63.39% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Navan in the 2nd quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in Navan in the second quarter worth $54,000. EMC Capital Management purchased a new stake in Navan in the second quarter worth $114,000. Sunbelt Securities Inc. bought a new position in Navan in the first quarter worth $71,000. Finally, Versant Capital Management Inc raised its holdings in Navan by 23.2% in the second quarter. Versant Capital Management Inc now owns 5,785 shares of the company’s stock worth $132,000 after purchasing an additional 1,091 shares in the last quarter.
Navan Company Profile
Navan, Inc is a business travel and expense management technology company. The company provides an integrated platform that helps organizations plan and book business travel, manage travel-related spending, and streamline expense reporting and reimbursement.
Its products and services include corporate travel booking, lodging and transportation reservations, expense management tools, payment and corporate card capabilities, travel policy controls, and reporting solutions. Navan also uses automation and artificial intelligence to assist employees with trip planning and help companies manage travel programs and spending.
The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and later adopted the Navan name as its platform expanded beyond travel booking into broader spend management.
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