Anne Mary Giviskos Sells 2,675 Shares of Navan (NASDAQ:NAVN) Stock

Navan, Inc. (NASDAQ:NAVN) CFO Anne Mary Giviskos sold 2,675 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $13.85, for a total value of $37,048.75. Following the sale, the chief financial officer owned 106,090 shares in the company, valued at approximately $1,469,346.50. This trade represents a 2.46% 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.

Navan Trading Down 9.3%

Shares of Navan stock traded down $1.18 during trading on Friday, reaching $11.48. The company’s stock had a trading volume of 2,830,675 shares, compared to its average volume of 1,894,265. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. The firm has a market capitalization of $2.85 billion and a PE ratio of -5.86. Navan, Inc. has a one year low of $11.40 and a one year high of $22.75. The stock has a 50-day moving average of $15.38.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BTIG Research initiated coverage on Navan in a research report on Monday, November 24th. They set a “buy” rating and a $26.00 target price for the company. Mizuho began coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $25.00 price target for the company. BNP Paribas Exane set a $24.00 price objective on Navan in a research note on Monday, November 24th. Needham & Company LLC reissued a “buy” rating on shares of Navan in a research note on Monday, December 15th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $20.00 price objective on shares of Navan in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.42.

Institutional Investors Weigh In On Navan

A number of large investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in shares of Navan during the 4th quarter worth $115,000. Teachers Retirement System of The State of Kentucky acquired a new position in Navan during the 4th quarter worth approximately $223,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Navan in the 4th quarter worth about $256,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navan during the fourth quarter worth about $257,000. Finally, SG Americas Securities LLC bought a new position in Navan in the 4th quarter 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.