Navan (NASDAQ:NAVN) CEO Sells $209,902.29 in Stock

Navan, Inc. (NASDAQ:NAVN) CEO Ariel Cohen sold 8,033 shares of Navan stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $26.13, for a total transaction of $209,902.29. Following the completion of the sale, the chief executive officer owned 1,027,562 shares of the company’s stock, valued at approximately $26,850,195.06. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Navan Price Performance

Shares of Navan stock opened at $25.42 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.38 and a quick ratio of 4.38. Navan, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $30.88. The business has a 50-day moving average price of $24.19 and a 200 day moving average price of $19.66.

Navan (NASDAQ:NAVN) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.17. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%. The firm had revenue of $232.79 million for the quarter. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. On average, analysts predict that Navan, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Bank of America upped their price target on Navan from $26.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. BNP Paribas Exane lifted their price objective on shares of Navan from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Navan in a report on Thursday, September 10th. Rosenblatt Securities boosted their target price on shares of Navan from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Finally, Oppenheimer increased their target price on shares of Navan from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Hedge Funds Weigh In On Navan

A number of hedge funds and other institutional investors have recently bought and sold shares of NAVN. Integrated Wealth Concepts LLC acquired a new position in Navan during the 2nd quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in Navan during the 2nd quarter worth $54,000. Sunbelt Securities Inc. acquired a new stake in Navan in the first quarter worth $71,000. Sterling Capital Management LLC increased its position in Navan by 859.8% in the third quarter. Sterling Capital Management LLC now owns 3,513 shares of the company’s stock worth $74,000 after buying an additional 3,147 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Navan by 13.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the company’s stock worth $77,000 after buying an additional 420 shares during the period.

Navan Company Profile

Navan, Inc is a travel and expense management technology company that provides software and services for businesses and their employees. The company’s platform is designed to bring corporate travel booking, expense management, payments and related administrative functions into a unified system.

Navan’s products include tools for booking flights, hotels, rental cars and other business travel, as well as expense reporting, reimbursement and corporate card management. Its platform also offers travel-policy controls, reporting and automation features intended to help companies manage spending and support employees during business trips.

The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and adopted the Navan name in 2023.