Stock Traders Purchase Large Volume of Call Options on Navan (NASDAQ:NAVN)

Navan, Inc. (NASDAQ:NAVN) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 7,778 call options on the company. This represents an increase of approximately 1,792% compared to the typical daily volume of 411 call options.

Navan Stock Performance

Shares of NAVN stock opened at $12.90 on Thursday. Navan has a one year low of $11.76 and a one 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 (EPS) for the quarter.

Analyst Ratings Changes

NAVN has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 target price on shares of Navan in a report on Friday, December 12th. The Goldman Sachs Group assumed coverage on shares of Navan in a research note on Monday, November 24th. They set a “buy” rating and a $29.00 price objective for the company. Mizuho began coverage on shares of Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 target price on the stock. Citizens Jmp started coverage on shares of Navan in a report on Monday, November 24th. They set a “market outperform” rating and a $25.00 target price on the stock. Finally, Oppenheimer started coverage on shares of Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.92.

Navan Company Profile

Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance.