Board of Trustees of The Leland Stanford Junior University Invests $1.89 Million in Navan, Inc. $NAVN

Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Navan, Inc. (NASDAQ:NAVN) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 110,554 shares of the company’s stock, valued at approximately $1,888,000. Navan accounts for approximately 0.4% of Board of Trustees of The Leland Stanford Junior University’s holdings, making the stock its 10th biggest holding.

Other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund acquired a new position in shares of Navan during the 4th quarter worth about $101,000. Strs Ohio acquired a new position in shares of Navan during the 4th quarter worth about $113,000. FNY Investment Advisers LLC acquired a new position in shares of Navan during the 4th quarter worth about $115,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Navan during the 4th quarter worth about $165,000. Finally, Verition Fund Management LLC acquired a new position in shares of Navan during the 4th quarter worth about $205,000.

Analyst Ratings Changes

Several research firms have recently issued reports on NAVN. Citigroup restated an “outperform” rating on shares of Navan in a research report on Thursday. Morgan Stanley lifted their price objective on Navan from $25.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC lifted their price objective on Navan from $25.00 to $30.00 and gave the company a “buy” rating in a report on Monday, June 8th. Rosenblatt Securities lifted their price objective on Navan from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Bank of America lifted their price objective on Navan from $20.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Navan presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.64.

Navan Trading Up 0.9%

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

Navan (NASDAQ:NAVN) last released its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.20. The business had revenue of $220.23 million for the quarter. The company’s revenue was up 39.8% on a year-over-year basis. Sell-side analysts expect that Navan, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Navan

In other Navan news, CEO Ariel M. Cohen sold 151,007 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $1,301,680.34. Following the sale, the chief executive officer owned 1,003,918 shares in the company, valued at approximately $8,653,773.16. The trade was a 13.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Ilan Ezra Twig sold 49,210 shares of the business’s stock in a transaction that occurred on 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 $4,637,663.44. The trade was a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,301,854 shares of company stock worth $84,486,871. Corporate insiders own 63.39% of the company’s stock.

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.