Navan (NASDAQ:NAVN) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Navan (NASDAQ:NAVNFree Report) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

NAVN has been the topic of several other research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Navan in a report on Friday, December 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of Navan in a report on Tuesday, December 16th. Zacks Research upgraded shares of Navan to a “hold” rating in a research report on Friday, December 26th. Jefferies Financial Group set a $20.00 price target on shares of Navan in a report on Tuesday, December 16th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Navan in a report on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $25.00.

View Our Latest Stock Report on NAVN

Navan Stock Up 3.4%

Shares of NASDAQ:NAVN opened at $17.87 on Monday. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14. Navan has a 1 year low of $11.76 and a 1 year high of $22.75. The stock has a market cap of $4.44 billion and a P/E ratio of -9.12.

Insider Buying and Selling

In other Navan news, major shareholder Horowitz Lsv Fund I. Andreessen purchased 466,058 shares of the stock in a transaction on Friday, January 2nd. The shares were bought at an average price of $16.27 per share, for a total transaction of $7,582,763.66. Following the completion of the transaction, the insider owned 7,789,538 shares of the company’s stock, valued at $126,735,783.26. This trade represents a 6.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Benjamin A. Horowitz acquired 466,058 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 7,789,538 shares of the company’s stock, valued at approximately $126,735,783.26. This represents a 6.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 5,644,482 shares of company stock valued at $86,979,947.

Institutional Trading of Navan

An institutional investor recently bought a new position in Navan stock. SG Americas Securities LLC purchased a new position in shares of Navan, Inc. (NASDAQ:NAVNFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,829 shares of the company’s stock, valued at approximately $270,000.

Trending Headlines about Navan

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Navan Company Profile

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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.

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