Navan (NASDAQ:NAVN) Reaches New 1-Year High – Should You Buy?

Navan, Inc. (NASDAQ:NAVN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.88 and last traded at $28.68, with a volume of 1970461 shares changing hands. The stock had previously closed at $29.08.

Analyst Ratings Changes

A number of research analysts have commented on NAVN shares. BMO Capital Markets upped their target price on shares of Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. TD Cowen boosted their price target on shares of Navan from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. BNP Paribas Exane raised their target price on Navan from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Oppenheimer set a $30.00 price target on shares of Navan in a research note on Thursday, June 11th. Finally, Mizuho upped their target price on shares of Navan from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Navan currently has an average rating of “Moderate Buy” and a consensus price target of $29.07.

Navan Stock Down 0.5%

The stock has a market cap of $7.32 billion and a P/E ratio of -13.39. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average is $24.51 and its 200-day moving average is $17.44.

Navan (NASDAQ:NAVN) last released 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 company had revenue of $220.23 million for the quarter. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. As a group, research analysts anticipate that Navan, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Navan

In other Navan news, CEO Ariel M. Cohen sold 41,530 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $21.06, for a total transaction of $874,621.80. Following the completion of the transaction, the chief executive officer directly owned 1,254,731 shares of the company’s stock, valued at approximately $26,424,634.86. This trade represents a 3.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Ilan Ezra Twig sold 24,726 shares of Navan stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $21.06, for a total value of $520,729.56. Following the transaction, the chief technology officer owned 805,860 shares in the company, valued at approximately $16,971,411.60. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 5,139,153 shares of company stock valued at $102,867,420 over the last three months. 63.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Navan

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Navan in the 4th quarter valued at about $270,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Navan in the 4th quarter worth approximately $256,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Navan in the 4th quarter worth approximately $257,000. Teacher Retirement System of Texas bought a new stake in shares of Navan in the 4th quarter worth approximately $8,540,000. Finally, Vanguard Group Inc. acquired a new stake in Navan during the fourth quarter valued at approximately $56,848,000.

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.