Navan (NASDAQ:NAVN) Director Benjamin Horowitz Acquires 240,835 Shares of Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz purchased 240,835 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was bought at an average price of $14.70 per share, with a total value of $3,540,274.50. Following the completion of the purchase, the director owned 6,266,946 shares of the company’s stock, valued at approximately $92,124,106.20. This represents a 4.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Navan Stock Performance

NASDAQ:NAVN opened at $15.11 on Friday. Navan, Inc. has a 1-year low of $11.76 and a 1-year high of $22.75.

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

Key Headlines Impacting Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Director Benjamin A. Horowitz (and the Horowitz Fund / V. L. Andreessen) bought a total of roughly 692,395 Navan shares across Dec. 17–19 at average prices of $12.65–$14.70 (≈$9.35M total), boosting his stake to ~6.27M shares — a sizable insider accumulation that signals confidence from a major holder. Horowitz Form 4 Horowitz Fund Form 4
• Positive Sentiment: Director Anre D. Williams purchased 100,000 shares at $12.72 on Dec. 17, a material insider buy that increased his holding by ~665%. This adds to the pattern of insider accumulation. Williams Form 4
• Positive Sentiment: Wall Street coverage is broadly bullish: multiple firms initiated coverage with Buy/Outperform and price targets well above the current level (average ~$24.9), providing an analyst tailwind should execution continue. MarketBeat roundup
• Neutral Sentiment: Unusual options activity — a large volume of call purchases — was reported, which can amplify intraday moves but is ambiguous on direction (could be speculative or hedging). Monitor open interest and strikes for conviction. Options flow report
• Neutral Sentiment: Navan has been featured in “most active movers” lists and valuation-check commentary after a recent 30-day slide, increasing attention and liquidity but also short-term volatility. Movers list
• Negative Sentiment: Fundamental pressure: Navan reported wider GAAP losses in its recent quarter and announced a CFO exit, which triggered a pullback (reports noted a ~6% intraday decline after the update). These issues increase execution risk even as revenue/gross margin improved. Earnings, CFO exit coverage Valuation check

Wall Street Analyst Weigh In

Several brokerages have recently commented on NAVN. BTIG Research assumed coverage on Navan in a research note on Monday, November 24th. They set a “buy” rating and a $26.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Navan in a research report on Monday. Citizens Jmp assumed coverage on shares of Navan in a research report on Monday, November 24th. They issued a “market outperform” rating and a $25.00 price objective on the stock. Oppenheimer began coverage on shares of Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, Loop Capital upgraded Navan to a “strong-buy” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Navan currently has an average rating of “Buy” and an average target price of $24.92.

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.