Navan (NASDAQ:NAVN) Director Buys $1,607,952.32 in Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz purchased 99,502 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were bought at an average price of $16.16 per share, with a total value of $1,607,952.32. Following the completion of the acquisition, the director owned 7,323,480 shares of the company’s stock, valued at $118,347,436.80. This trade represents a 1.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Navan Trading Up 6.2%

NAVN stock traded up $0.97 during midday trading on Monday, reaching $16.50. The company had a trading volume of 1,531,872 shares, compared to its average volume of 2,007,389. Navan, Inc. has a 1 year low of $11.76 and a 1 year high of $22.75. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Mizuho started coverage on shares of Navan in a report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target on the stock. JMP Securities set a $25.00 target price on shares of Navan in a research report on Monday, November 24th. Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of Navan in a research note on Tuesday, December 16th. Jefferies Financial Group set a $20.00 price objective on Navan in a research report on Tuesday, December 16th. Finally, BNP Paribas set a $24.00 target price on Navan in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to data from MarketBeat.com, Navan presently has a consensus 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.