Navan (NASDAQ:NAVN) Major Shareholder Buys 46,337 Shares

Navan, Inc. (NASDAQ:NAVN) major shareholder Horowitz Lsv Fund Andreessen purchased 46,337 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of $18.11 per share, with a total value of $839,163.07. Following the completion of the purchase, the insider owned 8,346,792 shares in the company, valued at $151,160,403.12. This represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Navan Trading Down 3.4%

NASDAQ:NAVN traded down $0.61 during mid-day trading on Friday, hitting $17.28. 1,240,404 shares of the company’s stock were exchanged, compared to its average volume of 2,456,153. The firm has a market capitalization of $4.30 billion and a P/E ratio of -8.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. Navan, Inc. has a one year low of $11.76 and a one year high of $22.75.

Institutional Investors Weigh In On Navan

An institutional investor recently bought a new position in Navan stock. SG Americas Securities LLC acquired a new position in Navan, Inc. (NASDAQ:NAVN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,829 shares of the company’s stock, valued at approximately $270,000.

Wall Street Analysts Forecast Growth

NAVN has been the subject of a number of analyst reports. JMP Securities set a $25.00 price objective on Navan in a research report on Monday, November 24th. Wall Street Zen raised Navan to a “hold” rating in a research report on Friday, November 21st. BNP Paribas set a $24.00 price objective on shares of Navan in a report on Monday, November 24th. Citigroup assumed coverage on Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on Navan in a report on Monday, November 24th. They issued a “buy” rating and a $29.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Navan has an average rating of “Buy” and an average target price of $24.92.

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.