Navan, Inc. (NASDAQ:NAVN – Get Free Report) CEO Ariel Cohen sold 8,033 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $26.13, for a total value of $209,902.29. Following the transaction, the chief executive officer directly owned 1,027,562 shares in the company, valued at approximately $26,850,195.06. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Navan Stock Performance
Shares of NAVN traded down $0.58 during mid-day trading on Tuesday, reaching $24.80. The company’s stock had a trading volume of 1,608,927 shares, compared to its average volume of 2,312,743. Navan, Inc. has a 1-year low of $8.10 and a 1-year high of $30.88. The business has a 50-day simple moving average of $24.31 and a two-hundred day simple moving average of $19.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.38 and a current ratio of 4.38.
Navan (NASDAQ:NAVN – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.05 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 during the quarter. The company’s quarterly revenue was up 35.4% on a year-over-year basis. As a group, sell-side analysts expect that Navan, Inc. will post -0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Navan
A number of hedge funds and other institutional investors have recently modified their holdings of NAVN. Integrated Wealth Concepts LLC bought a new stake in shares of Navan in the second quarter valued at about $25,000. Orion Capital Management LLC acquired a new position in shares of Navan in the second quarter valued at about $54,000. Sterling Capital Management LLC increased its position in Navan by 859.8% during the third quarter. Sterling Capital Management LLC now owns 3,513 shares of the company’s stock worth $74,000 after acquiring an additional 3,147 shares during the period. Nisa Investment Advisors LLC increased its position in Navan by 13.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the company’s stock worth $77,000 after acquiring an additional 420 shares during the period. Finally, EMC Capital Management acquired a new stake in Navan in the 2nd quarter worth about $114,000.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on NAVN. Wall Street Zen raised shares of Navan from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America lifted their target price on shares of Navan from $26.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Oppenheimer upped their price target on shares of Navan from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Needham & Company LLC reissued a “buy” rating on shares of Navan in a report on Thursday, September 10th. Finally, TD Cowen lowered their price target on shares of Navan from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.
Get Our Latest Analysis on Navan
About Navan
Navan, Inc is a travel and expense management technology company that provides software and services for businesses and their employees. The company’s platform is designed to bring corporate travel booking, expense management, payments and related administrative functions into a unified system.
Navan’s products include tools for booking flights, hotels, rental cars and other business travel, as well as expense reporting, reimbursement and corporate card management. Its platform also offers travel-policy controls, reporting and automation features intended to help companies manage spending and support employees during business trips.
The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and adopted the Navan name in 2023.
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