Navan (NASDAQ:NAVN) Shares Gap Up Following Insider Buying Activity

Navan, Inc. (NASDAQ:NAVN)’s share price gapped up prior to trading on Tuesday following insider buying activity. The stock had previously closed at $16.50, but opened at $17.10. Navan shares last traded at $16.95, with a volume of 504,280 shares changing hands.

Specifically, major shareholder Horowitz Lsv Fund I. Andreessen bought 99,502 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was acquired at an average cost of $16.16 per share, with a total value of $1,607,952.32. Following the completion of the transaction, the insider directly owned 7,323,480 shares of the company’s stock, valued at $118,347,436.80. This represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen purchased 229,917 shares of the stock in a transaction dated Friday, December 26th. The stock was acquired at an average cost of $15.57 per share, for a total transaction of $3,579,807.69. Following the transaction, the insider owned 7,223,978 shares of the company’s stock, valued at approximately $112,477,337.46. This trade represents a 3.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In related news, major shareholder Horowitz Lsv Fund I. Andreessen acquired 167,519 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average price of $15.83 per share, with a total value of $2,651,825.77. Following the acquisition, the insider owned 6,994,061 shares of the company’s stock, valued at approximately $110,715,985.63. This trade represents a 2.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup began coverage on shares of Navan in a report on Monday, November 24th. They issued a “buy” rating and a $26.00 price target for the company. Jefferies Financial Group set a $20.00 price target on shares of Navan in a research note on Tuesday, December 16th. Loop Capital upgraded Navan to a “strong-buy” rating in a report on Monday, November 24th. Wall Street Zen upgraded shares of Navan to a “hold” rating in a research report on Friday, November 21st. Finally, The Goldman Sachs Group started coverage on Navan in a report on Monday, November 24th. They set a “buy” rating and a $29.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $24.92.

Key Headlines Impacting Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Major shareholder Horowitz Lsv Fund I. Andreessen bought a total of ~1,056,534 NAVN shares across Dec. 22–29 at an average price near $15.83 (~$16.7M in aggregate), increasing its stake — a multi-day accumulation that signals insider conviction and likely added buying pressure. Read More.
• Positive Sentiment: Director Benjamin A. Horowitz separately filed matching purchases on the same dates (same blocks), raising his reported ownership to ~7.32M shares — direct insider buying by a director often attracts investor interest and can support near-term demand. Read More.
• Positive Sentiment: Analyst coverage remains favorable: multiple firms have Buy/Outperform ratings and the consensus target is roughly $24.92, providing an upward price target backdrop that can amplify positive reaction to insider buying. Read More.
• Neutral Sentiment: Balance-sheet metrics are solid on liquidity: current and quick ratios ~4.49 and debt-to-equity ~0.14, which reduces short-term solvency risk and may make the company more able to fund growth or absorb losses. Read More.
• Negative Sentiment: Navan reported a large quarterly loss (EPS of -$4.58 on Dec. 15). Fundamental weakness remains — insider purchases do not change operating results, so investors should weigh the buying signal against continued negative earnings and the company’s path to profitability. Read More.

Navan Price Performance

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

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.