Navan (NASDAQ:NAVN) Price Target Raised to $25.00

Navan (NASDAQ:NAVN) had its price objective boosted by Morgan Stanley from $20.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Jefferies Financial Group lowered their target price on Navan from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Oppenheimer upped their price target on shares of Navan from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. TD Cowen began coverage on shares of Navan in a research report on Wednesday, April 15th. They set a “buy” rating and a $18.00 price objective for the company. Citigroup dropped their price objective on shares of Navan from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Rosenblatt Securities reduced their target price on shares of Navan from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.57.

Navan Trading Down 1.6%

NAVN stock opened at $18.01 on Tuesday. Navan has a 1-year low of $8.10 and a 1-year high of $22.75. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.52 billion and a price-to-earnings ratio of -8.62. The business’s 50-day simple moving average is $12.41.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.26. The business had revenue of $177.92 million during the quarter. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, analysts forecast that Navan will post -0.33 earnings per share for the current year.

Insider Transactions at Navan

In other Navan news, insider Anne Mary Giviskos sold 31,150 shares of Navan stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.52, for a total value of $296,548.00. Following the sale, the insider directly owned 74,940 shares in the company, valued at approximately $713,428.80. The trade was a 29.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ariel M. Cohen sold 151,007 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $8.62, for a total transaction of $1,301,680.34. Following the transaction, the chief executive officer owned 1,003,918 shares of the company’s stock, valued at approximately $8,653,773.16. This represents a 13.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 233,573 shares of company stock valued at $2,041,434 in the last ninety days.

Institutional Trading of Navan

Several institutional investors and hedge funds have recently bought and sold shares of NAVN. Royal Bank of Canada acquired a new position in Navan during the fourth quarter valued at approximately $35,000. California State Teachers Retirement System acquired a new stake in shares of Navan in the 4th quarter valued at approximately $39,000. Russell Investments Group Ltd. acquired a new stake in shares of Navan in the 4th quarter valued at approximately $51,000. New York State Common Retirement Fund bought a new position in shares of Navan in the fourth quarter valued at $101,000. Finally, Strs Ohio acquired a new position in Navan during the fourth quarter worth $113,000.

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.