Navan, Inc. (NAVN) – What Are Brokerages Thinking About This Stock?

Shares of Navan, Inc. (NASDAQ:NAVN) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $30.50.

A number of research analysts have weighed in on the stock. TD Cowen dropped their price objective on shares of Navan from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. BTIG Research reissued a “buy” rating and set a $30.00 target price on shares of Navan in a research report on Thursday, September 10th. Oppenheimer upped their target price on shares of Navan from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $38.00 price target on shares of Navan in a research report on Thursday, September 10th. Finally, BNP Paribas Exane lifted their price target on Navan from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, July 13th.

Insider Buying and Selling at Navan

In other Navan news, CEO Ariel M. Cohen sold 225,000 shares of Navan stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.14, for a total transaction of $6,781,500.00. Following the completion of the transaction, the chief executive officer owned 1,086,242 shares of the company’s stock, valued at $32,739,333.88. The trade was a 17.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Ilan Twig sold 36,040 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $21.27, for a total transaction of $766,570.80. Following the transaction, the chief technology officer owned 769,820 shares of the company’s stock, valued at $16,374,071.40. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 497,075 shares of company stock worth $14,101,088 over the last three months. 63.39% of the stock is currently owned by insiders.

Institutional Trading of Navan

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zevenbergen Capital Investments LLC boosted its holdings in shares of Navan by 2,221.8% during the third quarter. Zevenbergen Capital Investments LLC now owns 387,738 shares of the company’s stock worth $8,139,000 after purchasing an additional 371,038 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Navan in the first quarter worth about $3,978,000. Bank of America Corp DE grew its stake in shares of Navan by 733.7% in the first quarter. Bank of America Corp DE now owns 210,524 shares of the company’s stock worth $2,787,000 after purchasing an additional 185,271 shares during the last quarter. Weiss Asset Management LP purchased a new position in Navan during the 1st quarter valued at about $2,525,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in Navan by 812.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 118,875 shares of the company’s stock valued at $1,574,000 after purchasing an additional 105,841 shares during the last quarter.

Navan Stock Performance

NASDAQ:NAVN opened at $25.48 on Monday. The stock’s 50-day moving average is $24.09 and its 200-day moving average is $19.71. Navan has a 1-year low of $8.10 and a 1-year high of $30.88. The company has a current ratio of 4.38, a quick ratio of 4.38 and a debt-to-equity ratio of 0.09. The stock has a market cap of $6.64 billion and a P/E ratio of -5.04.

Navan (NASDAQ:NAVN) last released its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.17. Navan had a negative net margin of 42.11% and a negative return on equity of 13.91%. The business had revenue of $232.79 million during the quarter. Navan’s revenue was up 35.4% on a year-over-year basis. Equities research analysts anticipate that Navan will post -0.29 earnings per share for the current year.

Navan Company Profile

Navan, formerly known as TripActions, provides business travel and expense management software. Its platform brings together corporate travel booking and expense workflows, helping organizations manage employee travel and business spending.

The company’s services include tools for booking flights, hotels and other travel, as well as expense reporting and payment capabilities. Navan also offers support for travelers and administrative tools intended to help businesses oversee travel policies and spending.

Founded in 2015 by Ariel Cohen and Ilan Twig, the company adopted the Navan name in 2023.