Navan (NASDAQ:NAVN) Director Benjamin Horowitz Acquires 334,112 Shares

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz bought 334,112 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average price of $15.90 per share, for a total transaction of $5,312,380.80. Following the purchase, the director owned 6,601,058 shares in the company, valued at approximately $104,956,822.20. This represents a 5.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Navan Trading Up 6.2%

Shares of NAVN traded up $0.97 during mid-day trading on Monday, hitting $16.50. The stock had a trading volume of 1,531,872 shares, compared to its average volume of 2,007,389. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14. Navan, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $22.75.

Navan (NASDAQ:NAVN) last released its quarterly earnings data on Monday, December 15th. The company reported ($4.58) EPS for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NAVN shares. Wall Street Zen upgraded shares of Navan to a “hold” rating in a research note on Friday, November 21st. Jefferies Financial Group set a $20.00 price target on Navan in a research report on Tuesday, December 16th. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price target on shares of Navan in a report on Friday, December 12th. Needham & Company LLC restated a “buy” rating on shares of Navan in a research report on Monday, December 15th. Finally, Loop Capital raised Navan to a “strong-buy” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, Navan currently has a consensus rating of “Buy” and a consensus target price of $24.92.

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.