Navan, Inc. (NASDAQ:NAVN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Navan, Inc. (NASDAQ:NAVN) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.4167.

Several brokerages have commented on NAVN. Weiss Ratings assumed coverage on Navan in a research note on Tuesday, January 27th. They set a “sell (d)” rating on the stock. Zacks Research raised Navan to a “hold” rating in a research report on Friday, December 26th. Loop Capital upgraded Navan to a “strong-buy” rating in a report on Monday, November 24th. Needham & Company LLC restated a “buy” rating on shares of Navan in a research note on Monday, December 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of Navan in a report on Tuesday, December 16th.

Insider Activity at Navan

In related news, CFO Anne Mary Giviskos sold 2,675 shares of Navan stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $13.85, for a total value 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 $1,469,346.50. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin A. Horowitz acquired 46,337 shares of Navan stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average price of $18.11 per share, with a total value of $839,163.07. Following the transaction, the director owned 8,346,792 shares of the company’s stock, valued at $151,160,403.12. The trade was a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 5,644,482 shares of company stock worth $86,979,947.

Institutional Investors Weigh In On Navan

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Navan in the 4th quarter worth approximately $270,000. FNY Investment Advisers LLC purchased a new stake in Navan during the fourth quarter valued at approximately $115,000. Lunate Capital Ltd bought a new position in Navan in the fourth quarter worth approximately $3,416,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Navan in the fourth quarter worth approximately $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Navan during the 4th quarter worth $257,000.

Navan Stock Up 8.3%

NASDAQ:NAVN opened at $10.85 on Friday. The stock has a market capitalization of $2.70 billion and a PE ratio of -5.54. 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 firm’s 50 day moving average price is $14.78. Navan has a 52 week low of $9.87 and a 52 week high of $22.75.

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.