Navan, Inc. (NASDAQ:NAVN) Given Average Rating of “Moderate Buy” by Brokerages

Navan, Inc. (NASDAQ:NAVN) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $29.4286.

NAVN has been the topic of several analyst reports. BTIG Research boosted their price objective 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. Morgan Stanley lifted their target price on Navan from $25.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Oppenheimer set a $30.00 price target on Navan in a research report on Thursday, June 11th. Rosenblatt Securities increased their price target on Navan from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a research report on Monday, June 8th.

Insider Buying and Selling at Navan

In other Navan news, CEO Ariel M. Cohen sold 41,530 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $21.06, for a total transaction of $874,621.80. Following the completion of the transaction, the chief executive officer owned 1,254,731 shares in the company, valued at approximately $26,424,634.86. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Michael Eric Sindicich sold 2,176 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $21.06, for a total transaction of $45,826.56. Following the completion of the transaction, the president owned 548,318 shares in the company, valued at $11,547,577.08. This trade represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 5,139,153 shares of company stock worth $102,867,420. Company insiders own 63.39% of the company’s stock.

Institutional Trading of Navan

A number of institutional investors have recently bought and sold shares of NAVN. Lightspeed Management Company L.L.C. acquired a new stake in Navan during the 4th quarter worth about $852,658,000. a16z Capital Management L.L.C. acquired a new position in shares of Navan in the 4th quarter valued at about $464,497,000. Greenoaks Capital Partners LLC bought a new stake in shares of Navan during the 4th quarter valued at about $274,088,000. Cosmic Management LLC acquired a new stake in Navan during the fourth quarter worth approximately $121,930,000. Finally, Napean Trading & Investment Co Singapore PTE Ltd acquired a new stake in Navan during the fourth quarter worth approximately $100,332,000.

Navan Trading Down 0.2%

NAVN opened at $29.29 on Wednesday. Navan has a fifty-two week low of $8.10 and a fifty-two week high of $29.99. 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 firm has a market capitalization of $7.45 billion and a price-to-earnings ratio of -13.62. The company’s 50 day moving average price is $26.00 and its two-hundred day moving average price is $18.49.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.20. The business had revenue of $220.23 million during the quarter. The firm’s revenue was up 39.8% compared to the same quarter last year. As a group, research analysts predict that Navan will post -0.37 earnings per share for the current year.

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.