Navan (NASDAQ:NAVN) Director Arif Janmohamed Sells 1,019,900 Shares of Stock

Navan, Inc. (NASDAQ:NAVN) Director Arif Janmohamed sold 1,019,900 shares of Navan stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $20.00, for a total value of $20,398,000.00. Following the completion of the transaction, the director owned 3,761,089 shares in the company, valued at $75,221,780. The trade was a 21.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arif Janmohamed also recently made the following trade(s):

• On Monday, June 15th, Arif Janmohamed sold 1,004,231 shares of Navan stock. The stock was sold at an average price of $20.37, for a total value of $20,456,185.47.

Navan Trading Up 0.9%

Navan stock opened at $20.10 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.31 and a current ratio of 4.31. The business’s 50-day simple moving average is $17.75 and its 200-day simple moving average is $14.60. The firm has a market capitalization of $5.04 billion and a PE ratio of -9.62. Navan, Inc. has a 52 week low of $8.10 and a 52 week high of $24.50.

Navan (NASDAQ:NAVN) last posted its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The business had revenue of $220.23 million during the quarter. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. Equities research analysts forecast that Navan, Inc. will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On Navan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in Navan during the fourth quarter valued at about $8,540,000. Napean Trading & Investment Co Singapore PTE Ltd bought a new stake in shares of Navan in the 4th quarter valued at approximately $100,332,000. Lunate Capital Ltd bought a new stake in shares of Navan in the 4th quarter valued at approximately $3,416,000. Jennison Associates LLC bought a new stake in shares of Navan in the 4th quarter valued at approximately $31,195,000. Finally, Vanguard Group Inc. bought a new stake in shares of Navan in the 4th quarter valued at approximately $56,848,000.

Wall Street Analyst Weigh In

NAVN has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price objective on Navan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Rosenblatt Securities lifted their price objective on Navan from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Citizens Jmp boosted their price target on Navan from $31.00 to $38.00 and gave the company a “market outperform” rating in a research note on Thursday, June 11th. Finally, Oppenheimer set a $30.00 price target on Navan in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.64.

About Navan

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.