Benjamin Horowitz Purchases 334,112 Shares of Navan (NASDAQ:NAVN) Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz purchased 334,112 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of $15.90 per share, for a total transaction of $5,312,380.80. Following the completion of the transaction, the director directly owned 6,601,058 shares of the company’s stock, valued at $104,956,822.20. This trade represents a 5.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Navan Price Performance

Shares of NASDAQ NAVN opened at $17.39 on Wednesday. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14. Navan, Inc. has a one year low of $11.76 and a one year high of $22.75.

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

Key Stores Impacting Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Horowitz Lsv Fund I. Andreessen disclosed a multi-day accumulation (Dec 22–29) totaling roughly 1,056,534 shares at an average price near $15.83 (~$16.7M). The fund’s repeated purchases and rising stake are a strong bullish signal for investor confidence. Read More.
• Positive Sentiment: Director Benjamin A. Horowitz filed matching purchases across the same dates (Dec 22–29), increasing his reported ownership to over 7.3M shares. Direct insider buying by a founder/board member often supports near-term demand and reduces perceived downside. Read More.
• Neutral Sentiment: Street coverage is constructive: multiple firms have Buy/Outperform ratings and the MarketBeat consensus target sits around $24.92, indicating upside vs. current levels but reflecting analyst optimism rather than new company fundamentals. Read More.
• Negative Sentiment: Navan reported a large quarterly loss (EPS of -$4.58 on Dec 15). That continuing operating shortfall is the key fundamental risk investors must weigh against insider buying. Read More.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating on shares of Navan in a report on Monday, December 15th. BNP Paribas Exane initiated coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $24.00 price objective for the company. The Goldman Sachs Group assumed coverage on Navan in a research note on Monday, November 24th. They issued a “buy” rating and a $29.00 target price on the stock. Wall Street Zen raised Navan to a “hold” rating in a research note on Friday, November 21st. Finally, Citigroup initiated coverage on Navan in a report on Monday, November 24th. They set a “buy” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.92.

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.