Navan (NASDAQ:NAVN) Price Target Lowered to $21.00 at Citigroup

Navan (NASDAQ:NAVN) had its target price cut by Citigroup from $26.00 to $21.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on NAVN. The Goldman Sachs Group decreased their price target on shares of Navan from $30.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Citizens Jmp reissued a “market outperform” rating and set a $25.00 price objective on shares of Navan in a research report on Tuesday, December 23rd. Morgan Stanley restated an “overweight” rating and issued a $20.00 target price on shares of Navan in a research note on Tuesday, December 16th. Weiss Ratings started coverage on Navan in a research note on Tuesday, January 27th. They set a “sell (d)” rating on the stock. Finally, Rosenblatt Securities cut their price target on Navan from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Navan Stock Performance

Navan stock opened at $13.11 on Thursday. The company has a market cap of $3.26 billion and a PE ratio of -6.69. Navan has a 52-week low of $8.10 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. The stock’s 50 day simple moving average is $10.87.

Navan (NASDAQ:NAVN) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.26. The company had revenue of $177.92 million during the quarter. Navan’s revenue for the quarter was up 34.8% on a year-over-year basis.

Insider Buying and Selling at Navan

In other Navan news, Director Benjamin A. Horowitz acquired 466,058 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average cost of $16.27 per share, with a total value of $7,582,763.66. Following the completion of the purchase, the director owned 7,789,538 shares of the company’s stock, valued at approximately $126,735,783.26. This represents a 6.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Ilan Ezra Twig sold 49,210 shares of Navan stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $8.62, for a total transaction of $424,190.20. Following the transaction, the chief technology officer owned 538,012 shares of the company’s stock, valued at $4,637,663.44. This represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have bought 2,245,628 shares of company stock worth $36,771,965 and have sold 245,597 shares worth $2,208,060.

Hedge Funds Weigh In On Navan

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new position in Navan during the 4th quarter valued at about $35,000. California State Teachers Retirement System purchased a new stake in shares of Navan in the fourth quarter worth approximately $39,000. Russell Investments Group Ltd. bought a new position in shares of Navan in the fourth quarter valued at approximately $51,000. New York State Common Retirement Fund purchased a new position in shares of Navan during the fourth quarter valued at approximately $101,000. Finally, Strs Ohio purchased a new position in shares of Navan during the fourth quarter valued at approximately $113,000.

More Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Q4 beat and cash‑flow/margin inflection — Navan reported $177.9M revenue (+34.8% YoY) and GAAP‑beat EPS with management highlighting ~1,100 bps of non‑GAAP margin expansion and the company’s first positive operating cash flow, a clear catalyst for improved investor sentiment. Navan Announces Fourth Quarter and Full Fiscal Year 2026 Results
• Positive Sentiment: Bullish FY27 revenue guide & product roadmap — Management guided roughly 24% revenue growth for FY2027 and emphasized AI product development (agentic booking/“TravelClaw”) and new‑customer onboarding as drivers of upside. These forward cues are supporting the rally. Travel tech firm Navan sees strong 2027 revenue
• Positive Sentiment: Options flow suggests short‑term bullish interest — Unusually large call buying was reported, signaling speculative or hedged bullish positioning ahead of/after the print. (No direct article link available.)
• Neutral Sentiment: Mixed analyst revisions — Multiple shops updated targets: Citi, Jefferies and Oppenheimer trimmed targets (still with Buy/Outperform stances), while BMO raised its target modestly. The revisions reflect model updates after results but leave consensus sentiment overall constructive. Analyst Coverage Roundup
• Neutral Sentiment: Institutional ownership and KPIs under review — Large 4Q institutional positions and analyst deep dives into unit economics/KPIs will shape medium‑term estimates; these are material but not immediate market movers. Earnings transcript & KPIs
• Negative Sentiment: Clustered class‑action litigation risk — Multiple law firms have filed or solicited lead‑plaintiff claims alleging omissions in the IPO registration materials; April 24 is the lead‑plaintiff deadline. Potential legal exposure and distraction raise uncertainty. NAVN SHAREHOLDER ALERT: Lawsuit Alleging IPO Omissions
• Negative Sentiment: Significant insider selling disclosed — CEO Ariel Cohen, CTO Ilan Twig and other executives reported sizeable share sales on March 20 (filed in Form 4s). Concentrated insider sales can weigh on sentiment despite routine explanations. SEC Form 4 (insider sales)
• Negative Sentiment: Analyst caution from some shops — A few firms (e.g., Rosenblatt) lowered expectations, highlighting remaining execution and margin risks despite the upside — a potential headwind for near‑term sentiment. Rosenblatt lowers expectations

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.