Navan (NASDAQ:NAVN) President Michael Eric Sindicich Sells 51,169 Shares

Navan, Inc. (NASDAQ:NAVN) President Michael Eric Sindicich sold 51,169 shares of Navan stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $20.20, for a total value of $1,033,613.80. Following the sale, the president directly owned 549,251 shares of the company’s stock, valued at $11,094,870.20. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Eric Sindicich also recently made the following trade(s):

• On Friday, March 20th, Michael Eric Sindicich sold 2,206 shares of Navan stock. The shares were sold at an average price of $8.62, for a total transaction of $19,015.72.

Navan Price Performance

Shares of NASDAQ:NAVN opened at $22.78 on Tuesday. The firm has a market capitalization of $5.71 billion and a P/E ratio of -10.90. Navan, Inc. has a 1 year low of $8.10 and a 1 year high of $23.14. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $15.68.

Navan (NASDAQ:NAVN) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.26. The company had revenue of $177.92 million during the quarter. Navan’s quarterly revenue was up 34.8% on a year-over-year basis. On average, sell-side analysts anticipate that Navan, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NAVN has been the topic of several recent analyst reports. Weiss Ratings upgraded Navan from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Oppenheimer lifted their price target on shares of Navan from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. BMO Capital Markets increased their price target on Navan from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Jefferies Financial Group reduced their price target on Navan from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Morgan Stanley raised their price objective on shares of Navan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Navan currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.07.

Institutional Trading of Navan

Large investors have recently bought and sold shares of the business. Royal Bank of Canada bought a new stake in shares of Navan during the 4th quarter valued at about $35,000. California State Teachers Retirement System bought a new stake in Navan in the fourth quarter worth approximately $39,000. Russell Investments Group Ltd. acquired a new position in Navan in the fourth quarter valued at approximately $51,000. Sunbelt Securities Inc. bought a new position in shares of Navan during the 1st quarter worth approximately $71,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Navan during the 4th quarter worth approximately $101,000.

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.