7,138,769 Shares in Navan, Inc. $NAVN Purchased by Cosmic Management LLC

Cosmic Management LLC acquired a new stake in Navan, Inc. (NASDAQ:NAVN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 7,138,769 shares of the company’s stock, valued at approximately $121,930,000. Navan comprises about 37.6% of Cosmic Management LLC’s portfolio, making the stock its 2nd largest position.

Several other hedge funds have also recently added to or reduced their stakes in NAVN. Royal Bank of Canada purchased a new stake in shares of Navan in the fourth quarter valued at about $35,000. California State Teachers Retirement System purchased a new position in shares of Navan during the 4th quarter worth approximately $39,000. Russell Investments Group Ltd. purchased a new position in shares of Navan during the 4th quarter worth approximately $51,000. New York State Common Retirement Fund acquired a new position in shares of Navan during the 4th quarter worth approximately $101,000. Finally, Strs Ohio acquired a new position in shares of Navan during the 4th quarter worth approximately $113,000.

Insider Buying and Selling

In other Navan news, Director Arif Janmohamed sold 1,019,900 shares of Navan stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $20.00, for a total value of $20,398,000.00. Following the completion of the sale, the director owned 3,761,089 shares in the company, valued at $75,221,780. The trade was a 21.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Eric Sindicich sold 51,169 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $20.20, for a total transaction of $1,033,613.80. Following the transaction, the president directly owned 549,251 shares of the company’s stock, valued at approximately $11,094,870.20. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 5,051,169 shares of company stock worth $100,937,907. 63.39% of the stock is owned by company insiders.

Navan Trading Up 4.4%

Shares of NAVN opened at $21.91 on Friday. Navan, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $24.50. The company has a market capitalization of $5.49 billion and a PE ratio of -10.19. The stock has a fifty day moving average of $18.25 and a two-hundred day moving average of $14.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.31 and a current ratio of 4.31.

Navan (NASDAQ:NAVN) last posted its quarterly earnings data on Wednesday, June 10th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.20. The business had revenue of $220.23 million for the quarter. The business’s revenue was up 39.8% on a year-over-year basis. As a group, analysts forecast that Navan, Inc. will post -0.37 EPS for the current year.

Trending Headlines about Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan announced its first public-company acquisition, agreeing to buy Smartrips in Brazil. The deal expands Navan’s footprint in Latin America and supports its strategy in the fast-growing corporate travel market. Navan Expands in Latin America with Acquisition of Smartrips, a Leading Travel Management Company in Brazil
• Positive Sentiment: Coverage of Navan’s latest earnings call highlighted a strong quarter, including record bookings, stronger enterprise adoption, expanding AI usage, and a raised fiscal 2027 outlook. That combination suggests improving fundamentals and may be supporting investor confidence. NAVN Q1 Earnings Call Highlights AI Push, Enterprise Gains and Higher Outlook
• Neutral Sentiment: One market commentary argued Navan has strong near-term execution but remains a riskier long-term bet, a view that does not clearly change the stock’s short-term direction. Navan: Strong Near-Term Execution, Risky Long-Term Bet
• Negative Sentiment: Major shareholder and director Arif Janmohamed sold a large block of NAVN shares over two days, including 398,546 shares on June 16 and 77,323 shares on June 17. Heavy insider selling can pressure sentiment, even if it was disclosed properly and may reflect portfolio management rather than a change in outlook.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Navan from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 12th. Oppenheimer set a $30.00 price target on Navan in a report on Thursday, June 11th. BMO Capital Markets upped their price objective on Navan from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. BTIG Research increased their price objective on Navan from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Bank of America lifted their price objective on Navan from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Navan currently has an average rating of “Moderate Buy” and a consensus price target of $28.64.

Navan 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.