Navan, Inc. (NASDAQ:NAVN) Given Consensus Rating of “Moderate Buy” by Brokerages

Navan, Inc. (NASDAQ:NAVN) has been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.0714.

A number of brokerages recently issued reports on NAVN. Bank of America raised their target price on shares of Navan from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. BMO Capital Markets boosted their price target on Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, June 11th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of Navan in a research note on Monday, June 22nd. Jefferies Financial Group raised their price objective on Navan from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Oppenheimer set a $30.00 price objective on Navan in a research report on Thursday, June 11th.

Navan Price Performance

Navan stock opened at $26.62 on Friday. Navan has a 12-month low of $8.10 and a 12-month high of $28.22. The stock has a market capitalization of $6.77 billion and a P/E ratio of -12.38. The firm’s 50-day moving average is $23.35 and its two-hundred day moving average is $16.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.31 and a quick ratio of 4.31.

Navan (NASDAQ:NAVN) last issued its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The firm had revenue of $220.23 million for the quarter. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. Equities analysts predict that Navan will post -0.37 earnings per share for the current year.

Insider Transactions at Navan

In other Navan news, Director Arif Janmohamed sold 77,323 shares of Navan stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $19.06, for a total value of $1,473,776.38. Following the completion of the sale, the director owned 2,280,989 shares in the company, valued at $43,475,650.34. The trade was a 3.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ariel M. Cohen sold 41,530 shares of Navan stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $21.06, for a total value of $874,621.80. Following the completion of the sale, the chief executive officer owned 1,254,731 shares of the company’s stock, valued at $26,424,634.86. This trade represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 5,139,153 shares of company stock worth $102,867,420 in the last quarter. 63.39% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Navan

A number of institutional investors have recently bought and sold shares of NAVN. SG Americas Securities LLC purchased a new position in Navan during the fourth quarter worth approximately $270,000. FNY Investment Advisers LLC acquired a new position in shares of Navan in the 4th quarter valued at $115,000. Lunate Capital Ltd purchased a new stake in shares of Navan during the 4th quarter valued at $3,416,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Navan during the 4th quarter worth $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Navan during the 4th quarter worth $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.