Navan Sees Unusually Large Options Volume (NASDAQ:NAVN)

Navan, Inc. (NASDAQ:NAVN) saw some unusual options trading activity on Tuesday. Stock investors purchased 7,778 call options on the company. This is an increase of 1,792% compared to the typical volume of 411 call options.

Navan Stock Down 18.2%

Shares of NASDAQ:NAVN traded down $2.66 during midday trading on Tuesday, reaching $11.98. 3,419,487 shares of the company’s stock traded hands, compared to its average volume of 1,665,252. Navan has a one year low of $11.76 and a one year high of $22.75.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

NAVN has been the subject of a number of analyst reports. Mizuho began coverage on shares of Navan in a research note on Monday, November 24th. They set an “outperform” rating and a $25.00 target price for the company. Citizens Jmp started coverage on Navan in a research note on Monday, November 24th. They issued a “market outperform” rating and a $25.00 price target on the stock. The Goldman Sachs Group initiated coverage on Navan in a research note on Monday, November 24th. They set a “buy” rating and a $29.00 price objective for the company. Loop Capital raised Navan to a “strong-buy” rating in a research note on Monday, November 24th. Finally, Jefferies Financial Group set a $20.00 price target on Navan in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Navan presently has an average rating of “Buy” and an average target price of $24.92.

Navan Company Profile

Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance.