Navan (NASDAQ:NAVN) Reaches New 1-Year Low – Here’s Why

Navan, Inc. (NASDAQ:NAVN) reached a new 52-week low on Tuesday . The company traded as low as $9.74 and last traded at $9.77, with a volume of 311822 shares trading hands. The stock had previously closed at $10.44.

Wall Street Analyst Weigh In

NAVN has been the topic of several analyst reports. Zacks Research raised Navan to a “hold” rating in a report on Friday, December 26th. Oppenheimer assumed 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. Mizuho started coverage on shares of Navan in a report on Monday, November 24th. They set an “outperform” rating and a $25.00 target price for the company. BNP Paribas Exane set a $24.00 target price on shares of Navan in a research note on Monday, November 24th. Finally, BTIG Research assumed coverage on shares of Navan in a report on Monday, November 24th. They set a “buy” rating and a $26.00 price target on the stock. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.36.

Navan Trading Up 1.3%

The business’s fifty day simple moving average is $14.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49.

Insider Activity at Navan

In other news, major shareholder Horowitz Fund V. L. Andreessen bought 347,600 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $12.65 per share, for a total transaction of $4,397,140.00. Following the completion of the transaction, the insider directly owned 5,922,151 shares in the company, valued at $74,915,210.15. The trade was a 6.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen purchased 466,058 shares of the stock in a transaction dated Friday, January 2nd. The stock was purchased at an average cost of $16.27 per share, for a total transaction of $7,582,763.66. Following the completion of the purchase, the insider directly owned 7,789,538 shares of the company’s stock, valued at approximately $126,735,783.26. The trade was a 6.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 5,644,482 shares of company stock valued at $86,979,947.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seven Grand Managers LLC acquired a new stake in Navan in the 4th quarter valued at about $1,708,000. Praxis Investment Management Inc. purchased a new stake in shares of Navan in the fourth quarter valued at approximately $568,000. Strs Ohio purchased a new stake in shares of Navan in the fourth quarter valued at approximately $113,000. UBS Group AG acquired a new stake in shares of Navan in the fourth quarter valued at approximately $9,125,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Navan during the fourth quarter worth approximately $223,000.

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.