Navan (NASDAQ:NAVN) Shares Up 7.8% After Insider Buying Activity

Navan, Inc. (NASDAQ:NAVN)’s share price rose 7.8% on Wednesday after an insider bought additional shares in the company. The company traded as high as $18.55 and last traded at $18.32. Approximately 1,686,132 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 2,144,251 shares. The stock had previously closed at $17.00.

Specifically, Director Benjamin A. Horowitz bought 308,188 shares of the stock in a transaction dated Tuesday, January 6th. The stock was purchased at an average price of $16.74 per share, for a total transaction of $5,159,067.12. Following the acquisition, the director owned 8,300,455 shares of the company’s stock, valued at $138,949,616.70. The trade was a 3.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin A. Horowitz purchased 202,729 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were acquired at an average cost of $15.77 per share, with a total value of $3,197,036.33. Following the completion of the purchase, the director directly owned 7,992,267 shares in the company, valued at $126,038,050.59. The trade was a 2.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In related news, Director Benjamin A. Horowitz acquired 466,058 shares of the stock in a transaction on Friday, January 2nd. The stock was bought at an average cost of $16.27 per share, with a total value of $7,582,763.66. Following the transaction, the director directly owned 7,789,538 shares in the company, valued at approximately $126,735,783.26. This represents a 6.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NAVN. Oppenheimer initiated coverage on Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $25.00 price objective for the company. Zacks Research upgraded Navan to a “hold” rating in a report on Friday, December 26th. BTIG Research initiated coverage on Navan in a report on Monday, November 24th. They issued a “buy” rating and a $26.00 price target on the stock. JMP Securities set a $25.00 price objective on Navan in a research note on Monday, November 24th. Finally, Jefferies Financial Group set a $20.00 price objective on Navan in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.92.

Key Stories Impacting Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Significant insider buying: Director Ben Horowitz and Horowitz LSV Fund I disclosed three purchases (Jan. 2, 5 and 6) totaling 976,975 shares (~$15.9M aggregate), leaving the insider/fund with roughly ~8.3M shares. Concentrated insider accumulation signals confidence from major holders and is a commonly bullish catalyst for the stock. Director Form 4 Major Shareholder Form 4
• Positive Sentiment: Analyst backdrop remains constructive: multiple brokerages carry Buy/Overweight/Strong‑Buy calls with a consensus price target near $24.92, providing additional support to investor sentiment and framing upside vs. current levels.
• Neutral Sentiment: Upcoming investor event: CEO Ariel Cohen will present in a fireside chat at the Needham Growth Conference on Jan. 13 with a live webcast — a potential short-term catalyst if management provides new guidance or color on growth/EBITDA cadence. Navan to Participate in the Needham Growth Conference
• Neutral Sentiment: Media/valuation coverage: recent pieces (e.g., Yahoo Finance) review Navan’s valuation after price swings — useful framing for investors but not an immediate catalyst. A Look At Navan Valuation
• Neutral Sentiment: Comparative reviews: standalone comparisons (e.g., Commerce.com vs. Navan) provide product/market context but are unlikely to move the stock materially on their own. Commerce.com & Navan Head-To-Head

Navan Stock Performance

The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14.

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.