Navan (NASDAQ:NAVN) Shares Gap Up Following Insider Buying Activity

Navan, Inc. (NASDAQ:NAVN) gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $16.50, but opened at $17.10. Navan shares last traded at $16.95, with a volume of 504,280 shares trading hands.

Specifically, major shareholder Horowitz Lsv Fund I. Andreessen purchased 99,502 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were bought at an average price of $16.16 per share, with a total value of $1,607,952.32. Following the completion of the transaction, the insider directly owned 7,323,480 shares in the company, valued at $118,347,436.80. This trade represents a 1.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen acquired 229,917 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The stock was acquired at an average price of $15.57 per share, with a total value of $3,579,807.69. Following the completion of the transaction, the insider directly owned 7,223,978 shares in the company, valued at $112,477,337.46. This trade represents a 3.29% increase in their position. The disclosure for this purchase is available in the SEC filing. In related news, major shareholder Horowitz Lsv Fund I. Andreessen bought 167,519 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were purchased at an average cost of $15.83 per share, for a total transaction of $2,651,825.77. Following the acquisition, the insider owned 6,994,061 shares of the company’s stock, valued at approximately $110,715,985.63. This represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NAVN shares. JMP Securities set a $25.00 price objective on shares of Navan in a research report on Monday, November 24th. Jefferies Financial Group set a $20.00 target price on shares of Navan in a research note on Tuesday, December 16th. Morgan Stanley reiterated an “overweight” rating and set a $20.00 target price on shares of Navan in a report on Tuesday, December 16th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Navan in a report on Friday, December 12th. Finally, Oppenheimer initiated coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Navan has an average 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 a multi-day accumulation (Dec 22–29) totaling roughly 1,056,534 shares at an average price near $15.83 (~$16.7M). The fund’s repeated purchases and rising stake are a strong bullish signal for investor confidence. Read More.
• Positive Sentiment: Director Benjamin A. Horowitz filed matching purchases across the same dates (Dec 22–29), increasing his reported ownership to over 7.3M shares. Direct insider buying by a founder/board member often supports near-term demand and reduces perceived downside. Read More.
• Neutral Sentiment: Street coverage is constructive: multiple firms have Buy/Outperform ratings and the MarketBeat consensus target sits around $24.92, indicating upside vs. current levels but reflecting analyst optimism rather than new company fundamentals. Read More.
• Negative Sentiment: Navan reported a large quarterly loss (EPS of -$4.58 on Dec 15). That continuing operating shortfall is the key fundamental risk investors must weigh against insider buying. Read More.

Navan Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49.

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

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.