Navan (NASDAQ:NAVN) Director Buys $3,197,036.33 in Stock

Navan, Inc. (NASDAQ:NAVN) Director Benjamin Horowitz purchased 202,729 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average cost of $15.77 per share, with a total value of $3,197,036.33. Following the completion of the acquisition, the director directly owned 7,992,267 shares of the company’s stock, valued at $126,038,050.59. The trade was a 2.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Navan Trading Up 2.4%

NAVN stock traded up $0.40 during trading on Tuesday, hitting $17.00. The company had a trading volume of 1,773,650 shares, compared to its average volume of 2,362,481. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49. Navan, Inc. has a 12 month low of $11.76 and a 12 month high of $22.75.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NAVN. BNP Paribas set a $24.00 target price on Navan in a report on Monday, November 24th. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price target on shares of Navan in a research report on Tuesday, December 16th. JMP Securities set a $25.00 price objective on shares of Navan in a report on Monday, November 24th. Wall Street Zen raised shares of Navan to a “hold” rating in a research note on Friday, November 21st. Finally, Citigroup started coverage on shares of Navan in a research report on Monday, November 24th. They set a “buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $24.92.

Navan Company Profile

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.