Navan Sees Unusually Large Options Volume (NASDAQ:NAVN)

Navan, Inc. (NASDAQ:NAVN) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 7,778 call options on the stock. This is an increase of approximately 1,792% compared to the average volume of 411 call options.

Wall Street Analyst Weigh In

NAVN has been the topic of several recent analyst reports. Loop Capital upgraded shares of Navan to a “strong-buy” rating in a research report on Monday, November 24th. BTIG Research started coverage on shares of Navan in a research note on Monday, November 24th. They issued a “buy” rating and a $26.00 price target on the stock. Needham & Company LLC reissued a “buy” rating on shares of Navan in a research note on Monday. Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of Navan in a report on Tuesday. Finally, Wall Street Zen raised Navan to a “hold” rating in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $24.92.

Navan Price Performance

NASDAQ NAVN traded down $2.66 during trading hours on Tuesday, hitting $11.98. 3,419,487 shares of the company were exchanged, compared to its average volume of 1,665,252. Navan has a 52 week low of $11.76 and a 52 week high of $22.75.

Navan (NASDAQ:NAVN) last posted its quarterly earnings data on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.

About Navan

Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance.