Insider Buying: Navan (NASDAQ:NAVN) Major Shareholder Acquires $3,571,666.56 in Stock

Navan, Inc. (NASDAQ:NAVN) major shareholder Horowitz Lsv Fund Andreessen purchased 225,484 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of $15.84 per share, for a total transaction of $3,571,666.56. Following the purchase, the insider owned 6,826,542 shares in the company, valued at $108,132,425.28. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Navan Price Performance

Shares of Navan stock opened at $17.08 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. Navan, Inc. has a 12 month low of $11.76 and a 12 month high of $22.75.

More Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Major insider accumulation — Horowitz Lsv Fund I. Andreessen disclosed multiple purchases (totaling roughly 1.06M shares across late‑Dec) that materially increased its stake; large, repeated buys from a top shareholder are a strong bullish signal and likely lifted demand. InsiderTrades — Insider Buying
• Positive Sentiment: Direct insider purchases by director Benjamin A. Horowitz — matching/parallel buys reported across the same dates reinforce management confidence and tend to attract investor interest. AmericanBankingNews — Horowitz Purchase
• Positive Sentiment: Bullish research note — Seeking Alpha published a buy thesis highlighting a large underpenetrated TAM, enterprise traction, and AI-enabled unit-cost advantages (land‑and‑expand model with cross‑sell potential). That narrative supports higher forward expectations. Seeking Alpha — Large TAM And Clear Growth Outlook
• Positive Sentiment: Institutional / analyst interest — recent coverage includes buy/outperform ratings and mid‑to‑high‑$20s price targets from firms that followed the company; consensus remains tilted toward “Buy,” supporting investor confidence. MarketBeat — NAVN coverage summary
• Neutral Sentiment: Balance sheet and liquidity — Navan reports strong liquidity metrics (current/quick ratio ~4.49) and low leverage (debt/equity ~0.14), which reduce short‑term solvency risk but don’t address profitability. MarketBeat — Financials
• Negative Sentiment: Large recent loss — Navan reported a sizable quarterly loss (EPS -$4.58 on Dec. 15), a fundamental headwind that keeps valuation dependent on execution and future margin improvement. This limits how much insider/analyst optimism can lift the stock until profitability trends are clearer. MarketBeat — NAVN earnings summary

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NAVN shares. Jefferies Financial Group set a $20.00 price target on shares of Navan in a research report on Tuesday, December 16th. BNP Paribas Exane started coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $24.00 target price on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price target on shares of Navan in a report on Friday, December 12th. Morgan Stanley restated an “overweight” rating and issued a $20.00 price objective on shares of Navan in a research report on Tuesday, December 16th. Finally, Loop Capital raised Navan to a “strong-buy” rating in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $24.92.

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.