Navan (NASDAQ:NAVN) Director Purchases $839,163.07 in Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz purchased 46,337 shares of the stock in a transaction dated Wednesday, January 7th. The shares were purchased at an average price of $18.11 per share, with a total value of $839,163.07. Following the transaction, the director directly owned 8,346,792 shares of the company’s stock, valued at approximately $151,160,403.12. The trade was a 0.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Navan Trading Down 3.4%

NASDAQ:NAVN traded down $0.61 during mid-day trading on Friday, hitting $17.28. The stock had a trading volume of 1,240,404 shares, compared to its average volume of 2,456,153. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14. The company has a market cap of $4.30 billion and a PE ratio of -8.82. Navan, Inc. has a 52 week low of $11.76 and a 52 week high of $22.75.

Analyst Ratings Changes

Several analysts recently commented on NAVN shares. Jefferies Financial Group set a $20.00 target price on Navan in a research report on Tuesday, December 16th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price target on shares of Navan in a report on Friday, December 12th. Mizuho started coverage on shares of Navan in a research note on Monday, November 24th. They set an “outperform” rating and a $25.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Oppenheimer began coverage on shares of Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target on the stock. One equities research 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 stock. According to data from MarketBeat.com, Navan has an average rating of “Buy” and a consensus price target of $24.92.

Institutional Trading of Navan

A hedge fund recently bought a new stake in Navan stock. SG Americas Securities LLC bought a new stake in shares of Navan, Inc. (NASDAQ:NAVN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,829 shares of the company’s stock, valued at approximately $270,000.

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.