Navan, Inc. (NASDAQ:NAVN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Navan, Inc. (NASDAQ:NAVN) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $24.4167.

Several brokerages have recently commented on NAVN. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price objective on shares of Navan in a research report on Friday, December 12th. Zacks Research raised Navan to a “hold” rating in a report on Friday, December 26th. BNP Paribas Exane set a $24.00 price objective on shares of Navan in a report on Monday, November 24th. Loop Capital upgraded shares of Navan to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $20.00 target price on shares of Navan in a research report on Tuesday, December 16th.

Navan Price Performance

Shares of NAVN stock opened at $10.66 on Friday. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14. Navan has a one year low of $9.87 and a one year high of $22.75. The company’s fifty day moving average price is $14.49. The company has a market cap of $2.65 billion and a P/E ratio of -5.44.

Insider Buying and Selling at Navan

In other news, major shareholder Horowitz Lsv Fund I. Andreessen purchased 466,058 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average cost of $16.27 per share, with a total value of $7,582,763.66. Following the completion of the purchase, the insider owned 7,789,538 shares in the company, valued at approximately $126,735,783.26. This represents a 6.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Horowitz Fund V. L. Andreessen acquired 347,600 shares of Navan stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $12.65 per share, for a total transaction of $4,397,140.00. Following the purchase, the insider owned 5,922,151 shares in the company, valued at approximately $74,915,210.15. The trade was a 6.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 5,644,482 shares of company stock valued at $86,979,947 in the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new position in Navan during the fourth quarter valued at $113,000. FNY Investment Advisers LLC purchased a new position in Navan in the fourth quarter worth about $115,000. Teachers Retirement System of The State of Kentucky bought a new stake in Navan during the fourth quarter worth approximately $223,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Navan during the fourth quarter valued at approximately $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navan in the 4th quarter valued at approximately $257,000.

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.