Navan (NASDAQ:NAVN) Major Shareholder Horowitz Lsv Fund Andreessen Purchases 167,519 Shares of Stock

Navan, Inc. (NASDAQ:NAVN) major shareholder Horowitz Lsv Fund Andreessen bought 167,519 shares of the stock in a transaction dated Wednesday, December 24th. The shares were bought at an average cost of $15.83 per share, with a total value of $2,651,825.77. Following the completion of the acquisition, the insider directly owned 6,994,061 shares of the company’s stock, valued at approximately $110,715,985.63. The trade was a 2.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Navan Stock Performance

NASDAQ:NAVN opened at $16.50 on Tuesday. Navan, Inc. has a 12-month low of $11.76 and a 12-month high of $22.75. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14.

Navan (NASDAQ:NAVN) last issued its earnings results on Monday, December 15th. The company reported ($4.58) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho initiated coverage on shares of Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 price target on the stock. BTIG Research initiated coverage on Navan in a report on Monday, November 24th. They issued a “buy” rating and a $26.00 price objective for the company. BNP Paribas set a $24.00 target price on Navan in a research note on Monday, November 24th. Oppenheimer started coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target for the company. Finally, Wall Street Zen raised Navan to a “hold” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat.com, Navan currently has a consensus rating of “Buy” and an average target price of $24.92.

Navan News Roundup

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Horowitz Lsv Fund I. Andreessen disclosed five purchases on Dec 22, 23, 24, 26 and 29 totaling 1,056,534 shares at an average price of roughly $15.83 per share, representing about $16.7M of buying and increasing its stake. This sizable, multi-day accumulation by a major shareholder is a bullish signal for investors. SEC Filing (Horowitz Lsv Fund I. Andreessen)
• Positive Sentiment: Director Benjamin A. Horowitz separately filed matching purchases across the same dates (Dec 22–29) for the same blocks — reflecting direct insider buying and increasing his reported ownership. Director buying often attracts investor attention and can support short-term demand. SEC Filing (Benjamin A. Horowitz)
• Negative Sentiment: Navan reported a large quarterly loss (EPS of -$4.58 on Dec 15), a fundamental weakness investors should weigh against the insider buying — insider purchases are a positive signal but do not change the company’s reported results. MarketBeat — NAVN earnings summary

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.