Navan (NASDAQ:NAVN) Director Acquires $3,540,274.50 in Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz acquired 240,835 shares of Navan stock in a transaction that occurred on Friday, December 19th. The stock was purchased at an average cost of $14.70 per share, with a total value of $3,540,274.50. Following the completion of the purchase, the director owned 6,266,946 shares in the company, valued at $92,124,106.20. The trade was a 4.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Navan Stock Performance

NASDAQ NAVN traded up $1.34 during trading hours on Friday, hitting $15.11. The company had a trading volume of 10,653,071 shares, compared to its average volume of 1,501,196. Navan, Inc. has a 1-year low of $11.76 and a 1-year high of $22.75.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on NAVN shares. Oppenheimer began coverage on Navan in a research report on Monday, November 24th. They issued an “outperform” rating and a $25.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating on shares of Navan in a research note on Monday. JMP Securities set a $25.00 price target on shares of Navan in a research report on Monday, November 24th. Citigroup initiated coverage on shares of Navan in a research note on Monday, November 24th. They set a “buy” rating and a $26.00 price target for the company. Finally, Mizuho started coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $25.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to data from MarketBeat.com, Navan has an average rating of “Buy” and a consensus price target 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.