Navan’s (NAVN) Market Outperform Rating Reaffirmed at Citizens Jmp

Navan (NASDAQ:NAVN)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research note issued on Thursday, Benzinga reports. They presently have a $38.00 target price on the stock. Citizens Jmp’s price objective would indicate a potential upside of 84.95% from the company’s previous close.

NAVN has been the subject of several other reports. Citigroup reiterated an “outperform” rating on shares of Navan in a report on Thursday, June 11th. Mizuho lifted their price target on Navan from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, June 11th. BTIG Research restated a “buy” rating and issued a $30.00 target price on shares of Navan in a report on Thursday. Rosenblatt Securities raised their price objective on shares of Navan from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Cowen decreased their target price on Navan from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Navan has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Navan Price Performance

NASDAQ:NAVN traded down $5.34 during mid-day trading on Thursday, reaching $20.55. 8,182,562 shares of the company were exchanged, compared to its average volume of 3,189,121. The company has a fifty day moving average of $27.25 and a 200 day moving average of $19.84. Navan has a 12 month low of $8.10 and a 12 month high of $30.88. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.23 billion and a PE ratio of -9.56.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) 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’s quarterly revenue was up 35.4% on a year-over-year basis. On average, research analysts anticipate that Navan will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling at Navan

In related news, Director Arif Janmohamed sold 77,323 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $19.06, for a total value of $1,473,776.38. Following the sale, the director directly owned 2,280,989 shares in the company, valued at $43,475,650.34. This trade represents a 3.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ariel Cohen sold 168,378 shares of Navan stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.14, for a total transaction of $5,074,912.92. Following the completion of the transaction, the chief executive officer directly owned 1,086,242 shares of the company’s stock, valued at approximately $32,739,333.88. This trade represents a 13.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,481,362 shares of company stock valued at $113,690,219 over the last three months. Insiders own 63.39% of the company’s stock.

Institutional Investors Weigh In On Navan

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in Navan in the fourth quarter worth about $56,848,000. UBS Group AG acquired a new position in Navan during the 4th quarter valued at about $9,125,000. Geode Capital Management LLC acquired a new stake in shares of Navan in the fourth quarter worth $18,192,000. Seven Grand Managers LLC acquired a new stake in Navan in the fourth quarter valued at approximately $1,708,000. Finally, Norges Bank acquired a new position in shares of Navan during the 4th quarter worth approximately $34,160,000.

More Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Strong Q2 performance: Navan reported adjusted earnings of $0.05 per share, versus the consensus estimate of a $0.12 loss, while revenue rose 35.4% year over year to $232.79 million. Navan earnings results
• Positive Sentiment: Raised revenue guidance: Navan projected fiscal 2027 revenue of $927 million-$933 million, above the $909.2 million analyst consensus, and forecast third-quarter revenue of $253 million-$255 million, ahead of the $248.1 million consensus. Navan raises 2027 outlook
• Positive Sentiment: Analyst support remains strong: TD Cowen maintained a Buy rating with a $31 price target, BTIG reaffirmed Buy with a $30 target, and Rosenblatt raised its target to $29 from $27.
• Positive Sentiment: Expansion into events: Navan acquired AI-powered events platform BoomPop, broadening its business travel and expense offering into meetings and event management. Navan acquires BoomPop
• Neutral Sentiment: Unusually high call-option activity indicated increased speculative interest, with call purchases roughly triple the typical daily volume.
• Negative Sentiment: Cost concerns overshadowed the results: Reports said shares fell as investors focused on rising expenses and execution risks associated with Navan’s growth investments and BoomPop acquisition, even though the company exceeded estimates and raised its forecast. Navan earnings and cost concerns

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.