Insider Buying: Navan (NASDAQ:NAVN) Director Buys 100,000 Shares of Stock

Navan, Inc. (NASDAQ:NAVN) Director Anre Williams purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $12.72 per share, for a total transaction of $1,272,000.00. Following the purchase, the director directly owned 115,024 shares of the company’s stock, valued at approximately $1,463,105.28. This represents a 665.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Navan Price Performance

Shares of NAVN traded up $0.87 during mid-day trading on Thursday, reaching $13.77. The company had a trading volume of 1,527,801 shares, compared to its average volume of 1,829,244. Navan, Inc. has a twelve month low of $11.76 and a twelve month high of $22.75.

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

Analysts Set New Price Targets

NAVN has been the topic of a number of recent analyst reports. Mizuho started coverage on shares of Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price target on the stock. Jefferies Financial Group set a $20.00 target price on Navan in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating on shares of Navan in a research report on Monday. The Goldman Sachs Group began coverage on Navan in a research note on Monday, November 24th. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, JMP Securities set a $25.00 target price on shares of Navan in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.