Benjamin Horowitz Buys 202,729 Shares of Navan (NASDAQ:NAVN) Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz purchased 202,729 shares of the stock in a transaction dated Monday, January 5th. The shares were purchased at an average price of $15.77 per share, for a total transaction of $3,197,036.33. Following the completion of the transaction, the director owned 7,992,267 shares in the company, valued at $126,038,050.59. This trade represents a 2.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Navan Trading Up 6.3%

Shares of NAVN stock opened at $18.07 on Thursday. Navan, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $22.75. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14.

More Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Large insider purchases — Director Benjamin Horowitz and Horowitz LSV Fund I/Andreessen disclosed multiple buys (Jan. 2, 5 and 6) totaling roughly 976,975 shares across prices ~$15.77–$16.74, representing meaningful increases in their positions. Concentrated insider buying is typically interpreted as a signal of confidence from management/large holders and can support the share price. InsiderTrades: Horowitz Buys SEC Form 4
• Positive Sentiment: Investor event upcoming — CEO Ariel Cohen will speak in a fireside chat at the Needham Growth Conference on Jan. 13 (webcast/replay available). Conference appearances can boost near-term interest and provide management guidance that moves the stock. BusinessWire: Needham Conference
• Neutral Sentiment: Analyst backdrop — Multiple brokers maintain buy/overweight ratings and price targets above current levels (consensus ~ $24.92 average). This supports a constructive narrative but is not a new catalyst. MarketBeat: Analyst Coverage
• Neutral Sentiment: Valuation/coverage pieces — Recent media pieces (e.g., Yahoo Finance valuation review, Commerce.com head‑to‑head comparison) reiterate debate over whether recent volatility creates a buying opportunity; useful context but unlikely to be an immediate catalyst. Yahoo: Valuation Review Commerce.com vs Navan

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BNP Paribas Exane began coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $24.00 target price on the stock. Jefferies Financial Group set a $20.00 price target on Navan in a report on Tuesday, December 16th. Loop Capital raised Navan to a “strong-buy” rating in a research note on Monday, November 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 target price on shares of Navan in a research report on Tuesday, December 16th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $25.00 price target on shares of Navan in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Navan currently has an average rating of “Buy” and an average price target of $24.92.

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.