Navan (NASDAQ:NAVN) Hits New 52-Week Low on Insider Selling

Navan, Inc. (NASDAQ:NAVNGet Free Report) hit a new 52-week low during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $11.56 and last traded at $11.70, with a volume of 1065995 shares traded. The stock had previously closed at $12.66.

Specifically, CFO Anne Mary Giviskos sold 2,675 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $13.85, for a total transaction of $37,048.75. Following the completion of the sale, the chief financial officer owned 106,090 shares of the company’s stock, valued at approximately $1,469,346.50. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Eric Sindicich sold 9,349 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $13.86, for a total transaction of $129,577.14. Following the completion of the sale, the president directly owned 310,514 shares in the company, valued at $4,303,724.04. This represents a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NAVN shares. Loop Capital raised shares of Navan to a “strong-buy” rating in a research report on Monday, November 24th. Zacks Research upgraded Navan to a “hold” rating in a research note on Friday, December 26th. 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. Wall Street Zen upgraded Navan to a “hold” rating in a research note on Friday, November 21st. Finally, BNP Paribas Exane set a $24.00 target price on Navan in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.42.

View Our Latest Stock Report on NAVN

Navan News Roundup

Here are the key news stories impacting Navan this week:

Navan Price Performance

The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $15.31. The firm has a market capitalization of $2.85 billion and a PE ratio of -5.86.

Institutional Trading of Navan

Several hedge funds have recently made changes to their positions in NAVN. FNY Investment Advisers LLC acquired a new position in Navan during the 4th quarter valued at approximately $115,000. Teachers Retirement System of The State of Kentucky bought a new stake in Navan in the fourth quarter valued at $223,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Navan during the fourth quarter valued at $256,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Navan during the fourth quarter valued at $257,000. Finally, SG Americas Securities LLC bought a new position in shares of Navan during the fourth quarter worth about $270,000.

About Navan

(Get Free Report)

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.

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