Navan (NASDAQ:NAVN) Director Benjamin Horowitz Purchases 167,519 Shares

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz bought 167,519 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were bought at an average price of $15.83 per share, with a total value of $2,651,825.77. Following the completion of the transaction, the director directly owned 6,994,061 shares in the company, valued at approximately $110,715,985.63. This trade represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Navan Stock Up 6.2%

Shares of NASDAQ:NAVN traded up $0.97 during mid-day trading on Monday, reaching $16.50. The stock had a trading volume of 1,531,872 shares, compared to its average volume of 2,007,389. Navan, Inc. has a twelve month low of $11.76 and a twelve month high of $22.75. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14.

Navan (NASDAQ:NAVN) last issued its earnings results on Monday, December 15th. The company reported ($4.58) EPS for the quarter.

Analysts Set New Price Targets

Several research firms have weighed in on NAVN. The Goldman Sachs Group started coverage on Navan in a report on Monday, November 24th. They set a “buy” rating and a $29.00 target price on the stock. JMP Securities set a $25.00 price objective on Navan in a report on Monday, November 24th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 target price on shares of Navan in a research note on Friday, December 12th. Wall Street Zen raised shares of Navan to a “hold” rating in a research note on Friday, November 21st. Finally, Citizens Jmp reissued a “market outperform” rating and set a $25.00 price objective on shares of Navan in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to data from MarketBeat, Navan presently has a consensus rating of “Buy” and an average target price of $24.92.

About Navan

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.