Navan (NASDAQ:NAVN) Upgraded at The Goldman Sachs Group

Navan (NASDAQ:NAVNGet Free Report) was upgraded by equities researchers at The Goldman Sachs Group to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

NAVN has been the subject of several other reports. Loop Capital raised shares of Navan to a “strong-buy” rating in a report on Monday, November 24th. Wall Street Zen upgraded shares of Navan to a “hold” rating in a research note on Friday, November 21st. Mizuho assumed coverage on Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $25.00 target price on the stock. BNP Paribas set a $24.00 price target on Navan in a research report on Monday, November 24th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $25.00 price objective on shares of Navan in a research report on Tuesday, December 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $25.00.

Check Out Our Latest Stock Report on NAVN

Navan Stock Up 3.4%

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

Insider Activity at Navan

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

Hedge Funds Weigh In On Navan

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

Trending Headlines about Navan

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Navan Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Navan (NASDAQ:NAVN)

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