Navan, Inc. (NASDAQ:NAVN) Receives Average Rating of “Buy” from Brokerages

Shares of Navan, Inc. (NASDAQ:NAVN) have been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $25.00.

A number of research firms have recently weighed in on NAVN. Zacks Research raised shares of Navan to a “hold” rating in a research report on Friday, December 26th. BNP Paribas set a $24.00 target price on shares of Navan in a research note on Monday, November 24th. Jefferies Financial Group set a $20.00 price target on Navan in a research note on Tuesday, December 16th. Needham & Company LLC restated a “buy” rating on shares of Navan in a report on Monday, December 15th. Finally, BNP Paribas Exane started coverage on Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $24.00 target price for the company.

Navan Price Performance

Shares of NAVN stock opened at $17.87 on Tuesday. The stock has a market capitalization of $4.44 billion and a P/E ratio of -9.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. Navan has a twelve month low of $11.76 and a twelve month high of $22.75.

Insider Buying and Selling

In related news, major shareholder Horowitz Lsv Fund I. Andreessen bought 46,337 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was purchased at an average cost of $18.11 per share, for a total transaction of $839,163.07. Following the completion of the acquisition, the insider owned 8,346,792 shares in the company, valued at $151,160,403.12. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin A. Horowitz purchased 46,337 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of $18.11 per share, for a total transaction of $839,163.07. Following the purchase, the director owned 8,346,792 shares of the company’s stock, valued at $151,160,403.12. This trade represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 5,644,482 shares of company stock valued at $86,979,947.

Institutional Investors Weigh In On Navan

A hedge fund recently bought a new stake in Navan stock. SG Americas Securities LLC acquired a new position in Navan, Inc. (NASDAQ:NAVN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,829 shares of the company’s stock, valued at approximately $270,000.

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.