Navan (NASDAQ:NAVN) Stock Price Up 3.2% – Time to Buy?

Navan, Inc. (NASDAQ:NAVN)’s stock price rose 3.2% on Monday . The stock traded as high as $16.10 and last traded at $16.02. Approximately 78,180 shares were traded during trading, a decline of 96% from the average daily volume of 1,969,396 shares. The stock had previously closed at $15.53.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NAVN. BNP Paribas set a $24.00 target price on shares of Navan in a research note on Monday, November 24th. BTIG Research started coverage on shares of Navan in a research note on Monday, November 24th. They set a “buy” rating and a $26.00 price objective on the stock. Loop Capital raised shares of Navan to a “strong-buy” rating in a report on Monday, November 24th. Wall Street Zen raised Navan to a “hold” rating in a research report on Friday, November 21st. Finally, Jefferies Financial Group set a $20.00 price objective on Navan in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $24.92.

Navan Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49.

Navan (NASDAQ:NAVN) last posted its quarterly earnings data on Monday, December 15th. The company reported ($4.58) earnings per share for the quarter.

Insiders Place Their Bets

In other Navan news, Director Benjamin A. Horowitz acquired 240,835 shares of the business’s stock in a transaction on Friday, December 19th. The stock was purchased at an average price of $14.70 per share, with a total value of $3,540,274.50. Following the acquisition, the director directly owned 6,266,946 shares of the company’s stock, valued at approximately $92,124,106.20. This trade represents a 4.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Horowitz Fund V. L. Andreessen bought 240,835 shares of the stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of $14.70 per share, for a total transaction of $3,540,274.50. Following the completion of the acquisition, the insider directly owned 6,266,946 shares of the company’s stock, valued at approximately $92,124,106.20. This trade represents a 4.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 1,484,790 shares of company stock worth $19,976,620 in the last quarter.

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.