Navan, Inc. (NASDAQ:NAVN) Given Average Recommendation of “Moderate Buy” by Analysts

Navan, Inc. (NASDAQ:NAVNGet Free Report) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.5833.

A number of research firms have issued reports on NAVN. Oppenheimer cut their target price on Navan from $25.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. The Goldman Sachs Group increased their price objective on shares of Navan from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Needham & Company LLC reiterated a “buy” rating on shares of Navan in a research report on Monday, December 15th. Citizens Jmp reissued a “market outperform” rating and set a $25.00 target price on shares of Navan in a research note on Tuesday, December 23rd. Finally, Zacks Research upgraded shares of Navan to a “hold” rating in a research report on Friday, December 26th.

View Our Latest Stock Analysis on NAVN

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Navan Stock Performance

Shares of Navan stock opened at $12.08 on Friday. The firm has a market cap of $3.00 billion and a PE ratio of -5.78. Navan has a twelve month low of $8.10 and a twelve month high of $22.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. The business’s 50 day moving average is $10.60.

Navan (NASDAQ:NAVNGet Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.26. The company had revenue of $177.92 million for the quarter. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis.

Insider Buying and Selling at Navan

In other Navan news, CEO Ariel M. Cohen sold 151,007 shares of Navan stock in a transaction on Friday, March 20th. The stock was sold at an average price of $8.62, for a total transaction of $1,301,680.34. Following the sale, the chief executive officer owned 1,003,918 shares of the company’s stock, valued at $8,653,773.16. The trade was a 13.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin A. Horowitz purchased 308,188 shares of Navan stock in a transaction on Tuesday, January 6th. The shares were acquired at an average price of $16.74 per share, with a total value of $5,159,067.12. Following the transaction, the director directly owned 8,300,455 shares in the company, valued at $138,949,616.70. This trade represents a 3.86% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 1,114,508 shares of company stock valued at $18,390,533 and sold 245,597 shares valued at $2,208,060.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NAVN. SG Americas Securities LLC bought a new stake in shares of Navan during the fourth quarter valued at about $270,000. FNY Investment Advisers LLC bought a new position in Navan in the 4th quarter valued at about $115,000. Lunate Capital Ltd acquired a new position in Navan during the 4th quarter valued at about $3,416,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Navan during the 4th quarter valued at about $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navan during the 4th quarter worth about $257,000.

Navan Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Navan (NASDAQ:NAVN)

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