UBS Group AG Takes Position in Navan, Inc. $NAVN

UBS Group AG acquired a new stake in Navan, Inc. (NASDAQ:NAVN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 534,243 shares of the company’s stock, valued at approximately $9,125,000. UBS Group AG owned 0.21% of Navan at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NAVN. FNY Investment Advisers LLC purchased a new stake in Navan in the 4th quarter valued at about $115,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Navan in the 4th quarter valued at about $223,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Navan in the 4th quarter valued at about $256,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Navan in the 4th quarter valued at about $257,000. Finally, SG Americas Securities LLC purchased a new stake in Navan in the 4th quarter valued at about $270,000.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Navan from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. BMO Capital Markets boosted their price objective on shares of Navan from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer boosted their price objective on shares of Navan from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Morgan Stanley boosted their price objective on shares of Navan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Rosenblatt Securities cut their price target on shares of Navan from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.07.

Insiders Place Their Bets

In related news, CTO Ilan Ezra Twig sold 49,210 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $8.62, for a total transaction of $424,190.20. Following the sale, the chief technology officer directly owned 538,012 shares in the company, valued at approximately $4,637,663.44. This represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anne Mary Giviskos sold 31,150 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $9.52, for a total transaction of $296,548.00. Following the sale, the insider owned 74,940 shares in the company, valued at $713,428.80. The trade was a 29.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 233,573 shares of company stock worth $2,041,434 over the last three months.

Navan Price Performance

Shares of NASDAQ:NAVN opened at $18.46 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.07 and a quick ratio of 4.07. The stock has a market capitalization of $4.63 billion and a price-to-earnings ratio of -8.83. The stock’s 50-day simple moving average is $13.42. Navan, Inc. has a 1 year low of $8.10 and a 1 year high of $22.75.

Navan (NASDAQ:NAVN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.26. The business had revenue of $177.92 million for the quarter. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. Analysts expect that Navan, Inc. will post -0.33 EPS for the current fiscal 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.