Navan (NASDAQ:NAVN) Director Benjamin Horowitz Purchases 229,917 Shares

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz acquired 229,917 shares of Navan stock in a transaction on Friday, December 26th. The shares were purchased at an average price of $15.57 per share, for a total transaction of $3,579,807.69. Following the completion of the acquisition, the director directly owned 7,223,978 shares in the company, valued at $112,477,337.46. This trade represents a 3.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Navan Stock Performance

NASDAQ NAVN traded up $0.97 during midday trading on Monday, hitting $16.50. 1,531,872 shares of the company traded hands, compared to its average volume of 2,007,389. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14. Navan, Inc. has a 52 week low of $11.76 and a 52 week high of $22.75.

Navan (NASDAQ:NAVN) last issued its quarterly earnings data on Monday, December 15th. The company reported ($4.58) earnings per share for the quarter.

Wall Street Analyst Weigh In

NAVN has been the subject of several recent research reports. BTIG Research started coverage on shares of Navan in a report on Monday, November 24th. They set a “buy” rating and a $26.00 target price for the company. Wall Street Zen raised Navan to a “hold” rating in a research note on Friday, November 21st. BNP Paribas Exane started coverage on shares of Navan in a research note on Monday, November 24th. They set an “outperform” rating and a $24.00 price objective for the company. Loop Capital raised Navan to a “strong-buy” rating in a research note on Monday, November 24th. Finally, The Goldman Sachs Group started coverage on shares of Navan in a research report on Monday, November 24th. They set a “buy” rating and a $29.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $24.92.

About Navan

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.