2,433,100 Shares in Navan, Inc. $NAVN Bought by Capital International Investors

Capital International Investors bought a new position in shares of Navan, Inc. (NASDAQ:NAVN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,433,100 shares of the company’s stock, valued at approximately $41,557,000. Capital International Investors owned about 0.98% of Navan as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in shares of Navan during the fourth quarter worth $56,848,000. Norges Bank bought a new position in shares of Navan during the fourth quarter worth $34,160,000. Jennison Associates LLC bought a new position in shares of Navan during the fourth quarter worth $31,195,000. Geode Capital Management LLC bought a new position in shares of Navan during the fourth quarter worth $18,192,000. Finally, UBS Group AG bought a new position in shares of Navan during the fourth quarter worth $9,125,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating on shares of Navan in a research report on Monday. BMO Capital Markets increased their price objective on shares of Navan from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Rosenblatt Securities increased their price objective on shares of Navan from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday. TD Cowen increased their price objective on shares of Navan from $19.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded shares of Navan from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.64.

Navan Price Performance

NAVN stock opened at $20.68 on Wednesday. Navan, Inc. has a 52 week low of $8.10 and a 52 week high of $23.53. 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 company has a fifty day simple moving average of $17.08 and a two-hundred day simple moving average of $14.44. The firm has a market capitalization of $5.19 billion and a P/E ratio of -9.89.

Navan (NASDAQ:NAVN) last released its earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.26. The firm had revenue of $177.92 million during the quarter. Navan’s revenue for the quarter was up 34.8% on a year-over-year basis. Analysts anticipate that Navan, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Navan

In other news, CTO Ilan Ezra Twig sold 49,210 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $8.62, for a total value of $424,190.20. Following the completion of the sale, the chief technology officer owned 538,012 shares in the company, valued at approximately $4,637,663.44. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ariel M. Cohen sold 151,007 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $8.62, for a total transaction of $1,301,680.34. Following the completion of the sale, the chief executive officer owned 1,003,918 shares of the company’s stock, valued at $8,653,773.16. This trade represents a 13.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 253,592 shares of company stock worth $2,778,500. 63.39% of the stock is currently owned by insiders.

Navan 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.