Navan (NASDAQ:NAVN) Earns Market Outperform Rating from Citizens Jmp

Navan (NASDAQ:NAVN)‘s stock had its “market outperform” rating reaffirmed by Citizens Jmp in a research report issued on Tuesday,Benzinga reports. They presently have a $25.00 target price on the stock. Citizens Jmp’s price objective points to a potential upside of 57.83% from the company’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of Navan in a research note on Tuesday, December 16th. The Goldman Sachs Group assumed coverage on Navan in a report on Monday, November 24th. They set a “buy” rating and a $29.00 price objective on the stock. BTIG Research assumed coverage on Navan in a research note on Monday, November 24th. They issued a “buy” rating and a $26.00 target price for the company. BNP Paribas set a $24.00 target price on Navan in a research report on Monday, November 24th. Finally, Oppenheimer began coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, Navan presently has an average rating of “Buy” and a consensus target price of $24.92.

Navan Trading Down 0.4%

NASDAQ:NAVN opened at $15.84 on Tuesday. Navan has a one year low of $11.76 and a one 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 (EPS) for the quarter.

Insider Buying and Selling at Navan

In related news, Director Anre D. Williams acquired 100,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $12.72 per share, for a total transaction of $1,272,000.00. Following the completion of the purchase, the director directly owned 115,024 shares of the company’s stock, valued at $1,463,105.28. The trade was a 665.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin A. Horowitz acquired 240,835 shares of the business’s stock in a transaction on Friday, December 19th. The shares were bought at an average cost of $14.70 per share, with a total value of $3,540,274.50. Following the completion of the acquisition, the director owned 6,266,946 shares of the company’s stock, valued at approximately $92,124,106.20. This trade represents a 4.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 1,484,790 shares of company stock worth $19,976,620 over the last three months.

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.