Navan, Inc. (NASDAQ:NAVN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Navan, Inc. (NASDAQ:NAVN) have been assigned a consensus rating of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.00.

Several equities research analysts recently weighed in on NAVN shares. BNP Paribas Exane assumed coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $24.00 price objective for the company. Zacks Research upgraded shares of Navan to a “hold” rating in a report on Friday, December 26th. Citizens Jmp reissued a “market outperform” rating and issued a $25.00 price target on shares of Navan in a research note on Tuesday, December 23rd. JMP Securities set a $25.00 price objective on Navan in a research note on Monday, November 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 target price on shares of Navan in a research note on Friday, December 12th.

Navan Stock Up 0.2%

Shares of Navan stock opened at $14.79 on Tuesday. The company has a 50-day moving average price of $15.60. Navan has a fifty-two week low of $11.76 and a fifty-two week high of $22.75. The company has a market capitalization of $3.68 billion and a price-to-earnings ratio of -7.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49.

Insider Activity at Navan

In related news, major shareholder Horowitz Lsv Fund I. Andreessen purchased 466,058 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were acquired at an average cost of $16.27 per share, with a total value of $7,582,763.66. Following the completion of the purchase, the insider owned 7,789,538 shares of the company’s stock, valued at $126,735,783.26. The trade was a 6.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Horowitz Fund V. L. Andreessen purchased 347,600 shares of Navan stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $12.65 per share, with a total value of $4,397,140.00. Following the completion of the acquisition, the insider owned 5,922,151 shares in the company, valued at $74,915,210.15. The trade was a 6.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 5,644,482 shares of company stock valued at $86,979,947.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Navan stock. FNY Investment Advisers LLC purchased a new stake in shares of Navan, Inc. (NASDAQ:NAVN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,744 shares of the company’s stock, valued at approximately $115,000.

About Navan

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.