Navan, Inc. (NASDAQ:NAVN) Stock Has Consensus Target Price of $30.50 According to Analysts

Shares of Navan, Inc. (NASDAQ:NAVN) have earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.50.

NAVN has been the subject of a number of research analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $38.00 price objective on shares of Navan in a report on Thursday, September 10th. Wall Street Zen upgraded shares of Navan from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings lowered shares of Navan from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, September 22nd. Needham & Company LLC reaffirmed a “buy” rating on shares of Navan in a research note on Thursday, September 10th. Finally, Oppenheimer boosted their target price on shares of Navan from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th.

Navan Price Performance

Shares of NAVN opened at $25.42 on Monday. Navan has a 52-week low of $8.10 and a 52-week high of $30.88. The business’s 50 day moving average price is $23.87 and its two-hundred day moving average price is $19.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.38 and a quick ratio of 4.38.

Navan (NASDAQ:NAVN) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.17. The business had revenue of $232.79 million for the quarter. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%. The business’s revenue was up 35.4% on a year-over-year basis. Research analysts forecast that Navan will post -0.29 EPS for the current year.

Insider Buying and Selling

In other Navan news, CEO Ariel Cohen sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.14, for a total transaction of $6,781,500.00. Following the completion of the transaction, the chief executive officer owned 1,086,242 shares in the company, valued at $32,739,333.88. The trade was a 17.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Ilan Twig sold 36,040 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $21.27, for a total value of $766,570.80. Following the transaction, the chief technology officer owned 769,820 shares in the company, valued at approximately $16,374,071.40. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 497,075 shares of company stock worth $14,101,088. Corporate insiders own 63.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NAVN. Integrated Wealth Concepts LLC acquired a new position in shares of Navan in the second quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in Navan during the 2nd quarter worth approximately $54,000. Sterling Capital Management LLC lifted its holdings in Navan by 859.8% during the 3rd quarter. Sterling Capital Management LLC now owns 3,513 shares of the company’s stock worth $74,000 after buying an additional 3,147 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Navan by 13.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the company’s stock worth $77,000 after buying an additional 420 shares in the last quarter. Finally, EMC Capital Management purchased a new position in Navan in the 2nd quarter valued at approximately $114,000.

About Navan

Navan, formerly known as TripActions, provides business travel and expense management software. Its platform brings together corporate travel booking and expense workflows, helping organizations manage employee travel and business spending. The company’s services include tools for booking flights, hotels and other travel, as well as expense reporting and payment capabilities. Navan also offers support for travelers and administrative tools intended to help businesses oversee travel policies and spending.