Navan (NASDAQ:NAVN) Director Arif Janmohamed Sells 1,019,900 Shares

Navan, Inc. (NASDAQ:NAVN) Director Arif Janmohamed sold 1,019,900 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $20.00, for a total value of $20,398,000.00. Following the transaction, the director directly owned 3,761,089 shares in the company, valued at $75,221,780. This trade represents a 21.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arif Janmohamed also recently made the following trade(s):

• On Monday, June 15th, Arif Janmohamed sold 1,004,231 shares of Navan stock. The shares were sold at an average price of $20.37, for a total value of $20,456,185.47.

Navan Trading Up 0.9%

Shares of NAVN traded up $0.17 during trading hours on Monday, hitting $20.10. 5,656,674 shares of the stock traded hands, compared to its average volume of 4,247,811. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.10. Navan, Inc. has a 1-year low of $8.10 and a 1-year high of $24.50. The firm has a market capitalization of $5.04 billion and a PE ratio of -9.62. The business has a fifty day moving average of $17.75 and a 200-day moving average of $14.60.

Navan (NASDAQ:NAVN) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.20. The firm had revenue of $220.23 million for the quarter. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. Analysts expect that Navan, Inc. will post -0.33 EPS for the current year.

Institutional Investors Weigh In On Navan

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in Navan in the fourth quarter valued at about $35,000. California State Teachers Retirement System bought a new stake in Navan in the fourth quarter valued at about $39,000. Russell Investments Group Ltd. bought a new stake in shares of Navan in the fourth quarter worth about $51,000. Sunbelt Securities Inc. bought a new stake in shares of Navan in the first quarter worth about $71,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Navan in the fourth quarter worth about $101,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on Navan from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley upped their price objective on Navan from $25.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Oppenheimer set a $30.00 price objective on Navan in a report on Thursday. TD Cowen upped their price objective on Navan from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group upped their price objective on Navan from $18.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Navan presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.64.

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.