The Goldman Sachs Group Initiates Coverage on Navan (NASDAQ:NAVN)

The Goldman Sachs Group began coverage on shares of Navan (NASDAQ:NAVN) in a report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 73.91% from the company’s current price.

Several other analysts have also commented on the stock. Loop Capital upgraded shares of Navan to a “strong-buy” rating in a report on Monday, November 24th. BTIG Research began coverage on Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $26.00 target price for the company. Jefferies Financial Group set a $20.00 price target on Navan in a research report on Tuesday, December 16th. Oppenheimer initiated coverage on Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, BNP Paribas Exane initiated coverage on Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $24.00 price objective for the company. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.00.

Navan Stock Down 3.3%

Shares of NAVN opened at $17.25 on Monday. The stock has a market cap of $4.29 billion and a PE ratio of -8.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49. Navan has a 1-year low of $11.76 and a 1-year high of $22.75.

Insider Buying and Selling at Navan

In other news, major shareholder Horowitz Lsv Fund I. Andreessen bought 46,337 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was acquired at an average cost of $18.11 per share, with a total value of $839,163.07. Following the completion of the acquisition, the insider owned 8,346,792 shares of the company’s stock, valued at approximately $151,160,403.12. This represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin A. Horowitz purchased 46,337 shares of Navan stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average cost of $18.11 per share, with a total value of $839,163.07. Following the transaction, the director directly owned 8,346,792 shares of the company’s stock, valued at $151,160,403.12. This represents a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 5,644,482 shares of company stock worth $86,979,947 over the last three months.

Hedge Funds Weigh In On Navan

An institutional investor recently bought a new position in Navan stock. SG Americas Securities LLC purchased a new stake in shares of Navan, Inc. (NASDAQ:NAVN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,829 shares of the company’s stock, valued at approximately $270,000.

Trending Headlines about Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Emirates NDC integration expands Navan’s airline content and distribution reach, which can improve pricing, booking experience and corporate travel revenue opportunity. Read More.
• Positive Sentiment: Goldman Sachs initiated coverage with a Buy and $30 price target — a sizable upside signal that can attract institutional demand and support the stock. Read More.
• Positive Sentiment: Insider/director purchased roughly $839k of Navan shares, which investors often view as a vote of confidence by management/insiders. Read More.
• Positive Sentiment: Brokerage coverage consensus is skewing Buy, which can help liquidity and sentiment if upgrades continue. Read More.
• Neutral Sentiment: Navan named a new customer officer who is publicly pushing faster industry innovation — positive for product roadmap but impact on near-term results is uncertain. Read More.
• Neutral Sentiment: Reported short-interest data is anomalous/zero in public summaries, making it unclear whether short activity is meaningful to current price moves. Read More.
• Negative Sentiment: Multiple law firms have announced investigations alleging possible securities-law issues tied to Navan’s IPO disclosures and statements; this raises regulatory, legal and reputational risk and is likely the main drag on the stock today. Read More. Read More. Read More.

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.