Navan (NASDAQ:NAVN) Hits New 1-Year High – What’s Next?

Navan, Inc. (NASDAQ:NAVN)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.42 and last traded at $28.2530, with a volume of 1424 shares trading hands. The stock had previously closed at $27.87.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BTIG Research lifted their price objective on Navan from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Citizens Jmp increased their target price on shares of Navan from $31.00 to $38.00 and gave the stock a “market outperform” rating in a report on Thursday, June 11th. Rosenblatt Securities boosted their price target on shares of Navan from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, June 8th. Citigroup reaffirmed an “outperform” rating on shares of Navan in a research report on Thursday, June 11th. Finally, BMO Capital Markets lifted their price objective on shares of Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Navan currently has an average rating of “Moderate Buy” and an average price target of $29.07.

Navan Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market cap of $7.09 billion and a price-to-earnings ratio of -12.96. The firm has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $17.04.

Navan (NASDAQ:NAVN) last posted its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The company had revenue of $220.23 million during the quarter. Navan’s revenue was up 39.8% on a year-over-year basis. On average, analysts expect that Navan, Inc. will post -0.37 EPS for the current year.

Insider Activity

In other news, CTO Ilan Ezra Twig sold 24,726 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $21.06, for a total value of $520,729.56. Following the sale, the chief technology officer directly owned 805,860 shares of the company’s stock, valued at $16,971,411.60. This represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel M. Cohen sold 41,530 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $21.06, for a total transaction of $874,621.80. Following the transaction, the chief executive officer directly owned 1,254,731 shares of the company’s stock, valued at approximately $26,424,634.86. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 5,139,153 shares of company stock valued at $102,867,420. 63.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NAVN. SG Americas Securities LLC acquired a new position in shares of Navan in the 4th quarter valued at $270,000. Lunate Capital Ltd acquired a new stake in Navan in the 4th quarter valued at $3,416,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Navan during the fourth quarter valued at $256,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Navan in the 4th quarter valued at about $257,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Navan in the fourth quarter valued at approximately $8,540,000.

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.