Navan, Inc. (NASDAQ:NAVN – Get Free Report) major shareholder Lightspeed Venture Partners Se sold 8,983 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $25.36, for a total value of $227,808.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Lightspeed Venture Partners Se also recently made the following trade(s):
- On Wednesday, July 1st, Lightspeed Venture Partners Se sold 10,569 shares of Navan stock. The shares were sold at an average price of $24.65, for a total transaction of $260,525.85.
- On Wednesday, June 17th, Lightspeed Venture Partners Se sold 77,323 shares of Navan stock. The stock was sold at an average price of $19.06, for a total transaction of $1,473,776.38.
- On Tuesday, June 16th, Lightspeed Venture Partners Se sold 398,546 shares of Navan stock. The stock was sold at an average price of $19.13, for a total transaction of $7,624,184.98.
- On Monday, June 15th, Lightspeed Venture Partners Se sold 1,004,231 shares of Navan stock. The shares were sold at an average price of $20.37, for a total value of $20,456,185.47.
- On Friday, June 12th, Lightspeed Venture Partners Se sold 1,019,900 shares of Navan stock. The shares were sold at an average price of $20.00, for a total value of $20,398,000.00.
Navan Price Performance
Shares of NASDAQ NAVN opened at $25.63 on Friday. 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 company has a market cap of $6.52 billion and a price-to-earnings ratio of -11.92. The stock’s 50-day moving average is $21.03 and its two-hundred day moving average is $15.70. Navan, Inc. has a 1-year low of $8.10 and a 1-year high of $28.22.
Hedge Funds Weigh In On Navan
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada acquired a new stake in shares of Navan during the fourth quarter worth about $35,000. California State Teachers Retirement System acquired a new stake in shares of Navan in the 4th quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new position in Navan during the 4th quarter worth approximately $51,000. Sunbelt Securities Inc. purchased a new position in Navan during the 1st quarter worth approximately $71,000. Finally, Versant Capital Management Inc increased its position in Navan by 23.2% during the second quarter. Versant Capital Management Inc now owns 5,785 shares of the company’s stock worth $132,000 after buying an additional 1,091 shares during the period.
Wall Street Analyst Weigh In
NAVN has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. BTIG Research boosted their target price on shares of Navan from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Citizens Jmp raised their price target on Navan from $31.00 to $38.00 and gave the company a “market outperform” rating in a research note on Thursday, June 11th. Weiss Ratings raised Navan from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 12th. Finally, TD Cowen upped their price objective on Navan from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.64.
View Our Latest Report on Navan
Navan Company Profile
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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