Navan (NASDAQ:NAVN) Stock Price Down 7.3% – Should You Sell?

Navan, Inc. (NASDAQ:NAVN)’s share price fell 7.3% during mid-day trading on Wednesday . The company traded as low as $15.95 and last traded at $15.99. 396,315 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,999,542 shares. The stock had previously closed at $17.25.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NAVN shares. JMP Securities set a $25.00 price objective on shares of Navan in a research report on Monday, November 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Navan in a report on Friday, December 12th. Wall Street Zen raised Navan to a “hold” rating in a research report on Friday, November 21st. Oppenheimer started coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, BNP Paribas set a $24.00 price target on Navan in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $25.00.

Navan Trading Down 10.3%

The stock has a market capitalization of $3.85 billion and a PE ratio of -7.90. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14.

Insider Transactions at Navan

In related news, Director Benjamin A. Horowitz acquired 46,337 shares of Navan stock in a transaction on Wednesday, January 7th. The stock was purchased at an average cost of $18.11 per share, with a total value of $839,163.07. Following the purchase, the director directly owned 8,346,792 shares in the company, valued at approximately $151,160,403.12. The trade was a 0.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen bought 46,337 shares of the stock in a transaction on Wednesday, January 7th. The stock was bought at an average price of $18.11 per share, for a total transaction of $839,163.07. Following the completion of the purchase, the insider directly owned 8,346,792 shares in the company, valued at approximately $151,160,403.12. The trade was a 0.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 5,644,482 shares of company stock valued at $86,979,947 over the last ninety days.

Hedge Funds Weigh In On Navan

An institutional investor recently bought a new position in Navan stock. SG Americas Securities LLC purchased a new stake in Navan, Inc. (NASDAQ:NAVN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,829 shares of the company’s stock, valued at approximately $270,000.

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.