Navan Target of Unusually High Options Trading (NASDAQ:NAVN)

Navan, Inc. (NASDAQ:NAVN) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 2,029 call options on the company. This is an increase of 72% compared to the average daily volume of 1,178 call options.

Key Navan News

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan posted a strong Q1 beat, reporting adjusted EPS of $0.08 versus expectations for a loss, while revenue rose 39.8% year over year to $220.23 million. Navan Announces First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 outlook, with revenue guidance of $907 million to $913 million, above Wall Street estimates, signaling continued momentum in enterprise travel and expense demand. Navan lifts 2027 outlook on strong Q1 performance
• Positive Sentiment: Several analysts turned more constructive, including Citizens JMP raising its target to $38, Bank of America to $26, and Mizuho, BTIG, and BMO all lifting targets to $30, reinforcing the post-earnings upside narrative. Benzinga analyst target updates
• Positive Sentiment: Unusual call buying also pointed to rising bullish sentiment, with options volume well above normal as traders positioned for more upside in NAVN. Benzinga unusual options trading
• Neutral Sentiment: Coverage highlighted strong growth metrics such as 50% gross booking volume growth and tripled RFP activity, but also noted the stock’s valuation remains expensive after the recent rally. Navan’s Q1 Growth Impresses, But Valuation Is Very Expensive

Insider Activity

In other Navan news, CEO Ariel M. Cohen sold 151,007 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $1,301,680.34. Following the completion of the sale, the chief executive officer directly owned 1,003,918 shares of the company’s stock, valued at $8,653,773.16. This trade represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Ilan Ezra Twig sold 49,210 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $424,190.20. Following the transaction, the chief technology officer owned 538,012 shares of the company’s stock, valued at $4,637,663.44. The trade was a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 253,592 shares of company stock valued at $2,778,500 in the last three months. Company insiders own 63.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NAVN. Royal Bank of Canada bought a new position in shares of Navan in the fourth quarter worth approximately $35,000. California State Teachers Retirement System bought a new stake in Navan during the fourth quarter valued at approximately $39,000. Russell Investments Group Ltd. purchased a new position in Navan in the 4th quarter worth approximately $51,000. Sunbelt Securities Inc. purchased a new position in Navan in the 1st quarter worth approximately $71,000. Finally, New York State Common Retirement Fund bought a new position in shares of Navan in the 4th quarter worth $101,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Oppenheimer set a $30.00 target price on shares of Navan in a report on Thursday. Citigroup reiterated an “outperform” rating on shares of Navan in a research report on Thursday. Morgan Stanley increased their price objective on Navan from $25.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a research note on Monday. Finally, Mizuho lifted their target price on Navan from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Navan has an average rating of “Moderate Buy” and a consensus target price of $28.64.

Navan Price Performance

Shares of NAVN traded up $2.77 during mid-day trading on Thursday, reaching $23.64. 9,172,296 shares of the stock traded hands, compared to its average volume of 2,783,277. The company has a market cap of $5.93 billion and a price-to-earnings ratio of -11.33. Navan has a 1 year low of $8.10 and a 1 year high of $24.50. The firm has a fifty day moving average price of $17.26 and a 200 day moving average price of $14.48. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.10.

Navan (NASDAQ:NAVN) last issued its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The business had revenue of $220.23 million during the quarter. The company’s quarterly revenue was up 39.8% on a year-over-year basis. As a group, equities research analysts predict that Navan will post -0.33 earnings per share for the current year.

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.