Arif Janmohamed Sells 398,546 Shares of Navan (NASDAQ:NAVN) Stock

Navan, Inc. (NASDAQ:NAVNGet Free Report) Director Arif Janmohamed sold 398,546 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $19.13, for a total value of $7,624,184.98. Following the completion of the sale, the director owned 2,358,312 shares in the company, valued at approximately $45,114,508.56. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, June 17th, Arif Janmohamed sold 77,323 shares of Navan stock. The stock was sold at an average price of $19.06, for a total value of $1,473,776.38.
  • 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.
  • On Friday, June 12th, Arif Janmohamed sold 1,019,900 shares of Navan stock. The shares were sold at an average price of $20.00, for a total value of $20,398,000.00.

Navan Price Performance

Shares of NAVN stock opened at $21.91 on Friday. The stock’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $14.74. Navan, Inc. has a one year low of $8.10 and a one year high of $24.50. The firm has a market cap of $5.57 billion and a price-to-earnings ratio of -10.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.31 and a quick ratio of 4.31.

Navan (NASDAQ:NAVNGet Free Report) last released its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.20. The company had revenue of $220.23 million for the quarter. Navan’s revenue for the quarter was up 39.8% compared to the same quarter last year. On average, analysts expect that Navan, Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NAVN. Citizens Jmp lifted their price target on shares of Navan from $31.00 to $38.00 and gave the company a “market outperform” rating in a report on Thursday, June 11th. Oppenheimer set a $30.00 price objective on shares of Navan in a research note on Thursday, June 11th. Rosenblatt Securities raised their price objective on shares of Navan from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Needham & Company LLC lifted their target price on shares of Navan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Morgan Stanley lifted their target price on shares of Navan from $25.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.64.

Check Out Our Latest Analysis on NAVN

Key Navan News

Here are the key news stories impacting Navan this week:

Hedge Funds Weigh In On Navan

Several hedge funds have recently added to or reduced their stakes in NAVN. Lightspeed Management Company L.L.C. acquired a new stake in Navan in the fourth quarter worth about $852,658,000. a16z Capital Management L.L.C. bought a new stake in Navan during the 4th quarter worth about $464,497,000. Greenoaks Capital Partners LLC acquired a new position in Navan during the 4th quarter valued at about $274,088,000. Cosmic Management LLC acquired a new position in Navan during the 4th quarter valued at about $121,930,000. Finally, Napean Trading & Investment Co Singapore PTE Ltd bought a new position in shares of Navan in the 4th quarter valued at about $100,332,000.

About Navan

(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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Insider Buying and Selling by Quarter for Navan (NASDAQ:NAVN)

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