Navan, Inc. (NASDAQ:NAVN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Navan, Inc. (NASDAQ:NAVN) has received an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.4167.

Several equities research analysts recently issued reports on NAVN shares. Zacks Research raised shares of Navan to a “hold” rating in a report on Friday, December 26th. BTIG Research started coverage on shares of Navan in a research note on Monday, November 24th. They issued a “buy” rating and a $26.00 price objective for the company. Jefferies Financial Group set a $20.00 target price on shares of Navan in a research note on Tuesday, December 16th. Needham & Company LLC reaffirmed a “buy” rating on shares of Navan in a report on Monday, December 15th. Finally, The Goldman Sachs Group decreased their price target on Navan from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th.

Navan Stock Up 8.3%

Shares of NAVN opened at $10.85 on Friday. The stock has a 50-day moving average of $14.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49. Navan has a 52 week low of $9.87 and a 52 week high of $22.75. The stock has a market capitalization of $2.70 billion and a PE ratio of -5.54.

Insiders Place Their Bets

In related news, major shareholder Horowitz Lsv Fund I. Andreessen acquired 466,058 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was acquired at an average cost of $16.27 per share, with a total value of $7,582,763.66. Following the acquisition, the insider directly owned 7,789,538 shares in the company, valued at $126,735,783.26. This represents a 6.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin A. Horowitz bought 466,058 shares of the stock in a transaction dated Friday, January 2nd. The stock was bought at an average cost of $16.27 per share, for a total transaction of $7,582,763.66. Following the acquisition, the director directly owned 7,789,538 shares of the company’s stock, valued at approximately $126,735,783.26. This represents a 6.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 5,644,482 shares of company stock worth $86,979,947 in the last three months.

Institutional Investors Weigh In On Navan

Several large investors have recently made changes to their positions in NAVN. Vanguard Group Inc. purchased a new stake in shares of Navan in the fourth quarter worth about $56,848,000. Jennison Associates LLC bought a new stake in Navan in the 4th quarter worth approximately $31,195,000. UBS Group AG purchased a new stake in shares of Navan during the 4th quarter worth approximately $9,125,000. Teacher Retirement System of Texas bought a new position in shares of Navan during the 4th quarter valued at approximately $8,540,000. Finally, Lunate Capital Ltd purchased a new position in shares of Navan in the fourth quarter valued at $3,416,000.

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.