Navan, Inc. (NASDAQ:NAVN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Navan, Inc. (NASDAQ:NAVN) has received an average rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $28.6429.

NAVN has been the topic of several research reports. The Goldman Sachs Group upgraded Navan from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group raised their price target on Navan from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Oppenheimer set a $30.00 price target on Navan in a research note on Thursday, June 11th. Weiss Ratings upgraded Navan from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on Navan from $25.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th.

Navan News Summary

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan’s latest quarterly results beat expectations, with EPS of $0.08 versus a consensus loss estimate, and revenue rose 39.8% year over year to $220.23 million, reinforcing the company’s growth story. Navan stock surges on earnings. Even the travel company has AI to thank
• Positive Sentiment: Several analysts raised price targets or reiterated bullish ratings, including Jefferies, Needham, Bank of America, and BMO Capital Markets, signaling improving Street sentiment around NAVN. Navan stock page and analyst updates
• Neutral Sentiment: CEO comments on AI and productivity are keeping Navan in the spotlight, but this appears to be more of a narrative/supporting factor than a direct stock catalyst. Will AI spark a 3-day workweek? Navan CEO explains
• Negative Sentiment: Director Arif Janmohamed sold 1,019,900 shares at an average price of $20.00, a sizable reduction in his position that can pressure sentiment. Insider Selling: Navan (NASDAQ:NAVN) Director Sells 1,019,900 Shares of Stock
• Negative Sentiment: Lightspeed Venture Partners also sold about 1.0 million shares, adding to concerns that major holders may be taking profits after the recent run-up. Insider Selling: Navan (NASDAQ:NAVN) Director Sells 1,019,900 Shares of Stock

Navan Stock Performance

Shares of Navan stock opened at $19.03 on Friday. The firm has a market cap of $4.77 billion and a P/E ratio of -9.11. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.10. Navan has a 12 month low of $8.10 and a 12 month high of $24.50. The stock’s fifty day moving average price is $17.89 and its 200-day moving average price is $14.62.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.20. The firm had revenue of $220.23 million for the quarter. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. On average, equities research analysts expect that Navan will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Navan news, CTO Ilan Ezra Twig sold 49,210 shares of Navan stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $424,190.20. Following the transaction, the chief technology officer owned 538,012 shares in the company, valued at $4,637,663.44. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Eric Sindicich sold 51,169 shares of Navan stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $20.20, for a total value of $1,033,613.80. Following the completion of the transaction, the president owned 549,251 shares in the company, valued at $11,094,870.20. This trade represents a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,301,854 shares of company stock valued at $84,486,871 over the last three months. Corporate insiders own 63.39% of the company’s stock.

Hedge Funds Weigh In On Navan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new position in Navan in the fourth quarter valued at about $35,000. California State Teachers Retirement System purchased a new position in Navan in the fourth quarter valued at about $39,000. Russell Investments Group Ltd. acquired a new stake in Navan in the fourth quarter worth about $51,000. Sunbelt Securities Inc. acquired a new stake in Navan in the first quarter worth about $71,000. Finally, Strs Ohio boosted its holdings in Navan by 86.4% in the first quarter. Strs Ohio now owns 12,300 shares of the company’s stock worth $163,000 after acquiring an additional 5,700 shares 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.