Navan, Inc. (NASDAQ:NAVN) Stock Has Consensus Price Target of $30.50 According to Analysts

Shares of Navan, Inc. (NASDAQ:NAVN) have been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $30.50.

A number of brokerages recently issued reports on NAVN. Oppenheimer raised their price target on Navan from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Citizens Jmp restated a “market outperform” rating and issued a $38.00 price target on shares of Navan in a report on Thursday, September 10th. Needham & Company LLC reaffirmed a “buy” rating on shares of Navan in a research note on Thursday, September 10th. BNP Paribas Exane boosted their price objective on shares of Navan from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, TD Cowen dropped their target price on shares of Navan from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th.

Insider Activity at Navan

In related news, President Michael Sindicich sold 8,977 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $21.27, for a total value of $190,940.79. Following the completion of the sale, the president directly owned 539,341 shares of the company’s stock, valued at $11,471,783.07. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Ilan Twig sold 36,040 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $21.27, for a total transaction of $766,570.80. Following the transaction, the chief technology officer owned 769,820 shares in the company, valued at approximately $16,374,071.40. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 489,042 shares of company stock worth $13,891,186. Company insiders own 63.39% of the company’s stock.

Hedge Funds Weigh In On Navan

Several institutional investors have recently bought and sold shares of NAVN. Integrated Wealth Concepts LLC bought a new position in shares of Navan in the 2nd quarter worth $25,000. Orion Capital Management LLC purchased a new position in Navan in the second quarter valued at about $54,000. Sunbelt Securities Inc. purchased a new position in shares of Navan in the 1st quarter worth approximately $71,000. Nisa Investment Advisors LLC raised its stake in shares of Navan by 13.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the company’s stock worth $77,000 after acquiring an additional 420 shares in the last quarter. Finally, EMC Capital Management bought a new position in shares of Navan during the 2nd quarter worth approximately $114,000.

Navan Stock Up 1.3%

Shares of NASDAQ:NAVN opened at $26.62 on Thursday. The company has a current ratio of 4.38, a quick ratio of 4.38 and a debt-to-equity ratio of 0.09. Navan has a 12 month low of $8.10 and a 12 month high of $30.88. The firm’s 50-day moving average is $24.79 and its 200 day moving average is $22.42.

Navan (NASDAQ:NAVN) last announced its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.17. The business had revenue of $232.79 million during the quarter. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%. The business’s revenue was up 35.4% compared to the same quarter last year. As a group, sell-side analysts expect that Navan will post -0.29 earnings per share for the current fiscal year.

About Navan

Navan, Inc is a travel and expense management technology company that provides software and services for businesses and their employees. The company’s platform is designed to bring corporate travel booking, expense management, payments and related administrative functions into a unified system.

Navan’s products include tools for booking flights, hotels, rental cars and other business travel, as well as expense reporting, reimbursement and corporate card management. Its platform also offers travel-policy controls, reporting and automation features intended to help companies manage spending and support employees during business trips.

The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and adopted the Navan name in 2023.