Navan (NASDAQ:NAVN) Major Shareholder Horowitz Fund Andreessen Purchases 347,600 Shares

Navan, Inc. (NASDAQ:NAVN) major shareholder Horowitz Fund Andreessen bought 347,600 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average cost of $12.65 per share, with a total value of $4,397,140.00. Following the purchase, the insider directly owned 5,922,151 shares in the company, valued at approximately $74,915,210.15. This trade represents a 6.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Navan Trading Up 9.7%

Shares of NASDAQ:NAVN opened at $15.11 on Friday. Navan, Inc. has a 1 year low of $11.76 and a 1 year high of $22.75.

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

Wall Street Analysts Forecast Growth

NAVN has been the subject of several analyst reports. BNP Paribas set a $24.00 price objective on shares of Navan in a research note on Monday, November 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of Navan in a research report on Friday, December 12th. Citizens Jmp started coverage on Navan in a report on Monday, November 24th. They set a “market outperform” rating and a $25.00 price objective on the stock. Mizuho assumed coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 target price for the company. Finally, BTIG Research began coverage on shares of Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $24.92.

Trending Headlines about Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Director Benjamin A. Horowitz (and the Horowitz Fund / V. L. Andreessen) bought a total of roughly 692,395 Navan shares across Dec. 17–19 at average prices of $12.65–$14.70 (≈$9.35M total), boosting his stake to ~6.27M shares — a sizable insider accumulation that signals confidence from a major holder. Horowitz Form 4 Horowitz Fund Form 4
• Positive Sentiment: Director Anre D. Williams purchased 100,000 shares at $12.72 on Dec. 17, a material insider buy that increased his holding by ~665%. This adds to the pattern of insider accumulation. Williams Form 4
• Positive Sentiment: Wall Street coverage is broadly bullish: multiple firms initiated coverage with Buy/Outperform and price targets well above the current level (average ~$24.9), providing an analyst tailwind should execution continue. MarketBeat roundup
• Neutral Sentiment: Unusual options activity — a large volume of call purchases — was reported, which can amplify intraday moves but is ambiguous on direction (could be speculative or hedging). Monitor open interest and strikes for conviction. Options flow report
• Neutral Sentiment: Navan has been featured in “most active movers” lists and valuation-check commentary after a recent 30-day slide, increasing attention and liquidity but also short-term volatility. Movers list
• Negative Sentiment: Fundamental pressure: Navan reported wider GAAP losses in its recent quarter and announced a CFO exit, which triggered a pullback (reports noted a ~6% intraday decline after the update). These issues increase execution risk even as revenue/gross margin improved. Earnings, CFO exit coverage Valuation check

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.