Anne Mary Giviskos Sells 31,150 Shares of Navan (NASDAQ:NAVN) Stock

Navan, Inc. (NASDAQ:NAVNGet Free Report) insider Anne Mary Giviskos sold 31,150 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $9.52, for a total value of $296,548.00. Following the transaction, the insider owned 74,940 shares of the company’s stock, valued at $713,428.80. This trade represents a 29.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Anne Mary Giviskos also recently made the following trade(s):

  • On Wednesday, January 28th, Anne Mary Giviskos sold 2,675 shares of Navan stock. The stock was sold at an average price of $13.85, for a total value of $37,048.75.

Navan Stock Down 5.2%

NAVN stock opened at $10.48 on Friday. Navan, Inc. has a twelve month low of $8.83 and a twelve month high of $22.75. The stock has a market capitalization of $2.61 billion and a price-to-earnings ratio of -5.35. The stock has a fifty day simple moving average of $12.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49.

Institutional Trading of Navan

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new position in shares of Navan in the fourth quarter worth $35,000. California State Teachers Retirement System purchased a new stake in Navan during the 4th quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new stake in Navan during the 4th quarter valued at about $51,000. New York State Common Retirement Fund acquired a new position in shares of Navan in the fourth quarter valued at about $101,000. Finally, Strs Ohio purchased a new position in shares of Navan in the fourth quarter worth about $113,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NAVN shares. The Goldman Sachs Group lowered their price target on Navan from $30.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Citizens Jmp reiterated a “market outperform” rating and issued a $25.00 target price on shares of Navan in a report on Tuesday, December 23rd. Oppenheimer assumed coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target on the stock. Jefferies Financial Group set a $20.00 price target on Navan in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Navan to a “hold” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.36.

Check Out Our Latest Research Report on NAVN

Key Headlines Impacting Navan

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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.

Further Reading

Insider Buying and Selling by Quarter for Navan (NASDAQ:NAVN)

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