Navan (NASDAQ:NAVN) President Sells $129,577.14 in Stock

Navan, Inc. (NASDAQ:NAVN) President Michael Eric Sindicich sold 9,349 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $13.86, for a total transaction of $129,577.14. Following the completion of the transaction, the president owned 310,514 shares in the company, valued at $4,303,724.04. This represents a 2.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Navan Price Performance

NAVN traded down $1.18 during trading hours on Friday, hitting $11.48. 2,830,675 shares of the stock were exchanged, compared to its average volume of 1,894,265. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49. The stock has a 50-day simple moving average of $15.38. Navan, Inc. has a 12 month low of $11.40 and a 12 month high of $22.75. The firm has a market capitalization of $2.85 billion and a PE ratio of -5.86.

Institutional Trading of Navan

Hedge funds have recently made changes to their positions in the business. UBS Group AG bought a new position in Navan in the 4th quarter valued at about $9,125,000. Teachers Retirement System of The State of Kentucky acquired a new position in Navan in the 4th quarter valued at $223,000. Vanguard Group Inc. bought a new position in Navan during the 4th quarter worth $56,848,000. Teacher Retirement System of Texas acquired a new stake in shares of Navan during the fourth quarter worth $8,540,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navan in the fourth quarter valued at about $257,000.

Analysts Set New Price Targets

NAVN has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Navan in a research report on Tuesday, December 16th. Citigroup assumed coverage on Navan in a research report on Monday, November 24th. They set a “buy” rating and a $26.00 price objective for the company. Mizuho began coverage on shares of Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 target price for the company. BTIG Research started coverage on shares of Navan in a research note on Monday, November 24th. They set a “buy” rating and a $26.00 price target for the company. Finally, Jefferies Financial Group set a $20.00 price target on shares of Navan in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.42.

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.