Brokerages Set Navan, Inc. (NASDAQ:NAVN) PT at $25.00

Navan, Inc. (NASDAQ:NAVN) has earned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $25.00.

A number of research analysts have recently commented on NAVN shares. Wall Street Zen raised Navan to a “hold” rating in a report on Friday, November 21st. Needham & Company LLC reiterated a “buy” rating on shares of Navan in a report on Monday, December 15th. Citizens Jmp reissued a “market outperform” rating and issued a $25.00 price target on shares of Navan in a research report on Tuesday, December 23rd. Mizuho initiated coverage on shares of Navan in a report on Monday, November 24th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Citigroup initiated coverage on shares of Navan in a report on Monday, November 24th. They issued a “buy” rating and a $26.00 target price on the stock.

Navan Price Performance

Navan stock opened at $14.79 on Tuesday. Navan has a one year low of $11.76 and a one year high of $22.75. The stock’s fifty day simple moving average is $15.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. The firm has a market capitalization of $3.68 billion and a P/E ratio of -7.55.

Insider Transactions at Navan

In other Navan news, Director Benjamin A. Horowitz acquired 466,058 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of $16.27 per share, with a total value of $7,582,763.66. Following the transaction, the director owned 7,789,538 shares of the company’s stock, valued at approximately $126,735,783.26. This trade represents a 6.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Horowitz Fund V. L. Andreessen bought 347,600 shares of the stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $12.65 per share, for a total transaction of $4,397,140.00. Following the acquisition, the insider directly 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. Over the last ninety days, insiders have acquired 5,644,482 shares of company stock worth $86,979,947.

Institutional Trading of Navan

A hedge fund recently bought a new stake in Navan stock. SG Americas Securities LLC acquired a new position in shares of Navan, Inc. (NASDAQ:NAVN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,829 shares of the company’s stock, valued at approximately $270,000.

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.