Navan (NASDAQ:NAVN) Stock Rating Upgraded by Wall Street Zen

Navan (NASDAQ:NAVN) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also issued reports on NAVN. BTIG Research reiterated a “buy” rating and issued a $30.00 target price on shares of Navan in a research report on Thursday, September 10th. Weiss Ratings lowered Navan from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, September 22nd. TD Cowen reduced their price target on shares of Navan from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Citizens Jmp restated a “market outperform” rating and set a $38.00 price target on shares of Navan in a report on Thursday, September 10th. Finally, BNP Paribas Exane raised their price target on Navan from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Navan Trading Down 2.0%

Shares of NASDAQ:NAVN opened at $26.10 on Friday. The company has a quick ratio of 4.38, a current ratio of 4.38 and a debt-to-equity ratio of 0.09. Navan has a fifty-two week low of $8.10 and a fifty-two week high of $30.88. The firm has a 50-day simple moving average of $24.48 and a 200 day simple moving average of $19.46.

Navan (NASDAQ:NAVN) last issued its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.17. The firm had revenue of $232.79 million for the quarter. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%. The firm’s revenue was up 35.4% compared to the same quarter last year. On average, sell-side analysts predict that Navan will post -0.29 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Ilan Twig sold 36,040 shares of the stock in a transaction that occurred 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 sale, the chief technology officer directly owned 769,820 shares of the company’s stock, valued at $16,374,071.40. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel M. Cohen sold 225,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.14, for a total transaction of $6,781,500.00. Following the completion of the sale, the chief executive officer directly owned 1,086,242 shares of the company’s stock, valued at approximately $32,739,333.88. This represents a 17.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 489,042 shares of company stock valued at $13,891,186. Insiders own 63.39% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State of Wyoming bought a new position in Navan in the 3rd quarter valued at $111,000. Sterling Capital Management LLC raised its position in shares of 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 last quarter. Nisa Investment Advisors LLC raised its position in shares of 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 last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Navan during the third quarter valued at $546,000. Finally, Aspiriant LLC acquired a new position in shares of Navan during the third quarter valued at $294,000.

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.