Navan (NASDAQ:NAVN) Insider Anne Mary Giviskos Sells 31,150 Shares

Navan, Inc. (NASDAQ:NAVNGet Free Report) insider Anne Mary Giviskos sold 31,150 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Anne Mary Giviskos also recently made the following trade(s):

  • On Wednesday, January 28th, Anne Mary Giviskos sold 2,675 shares of Navan stock. The stock was sold at an average price of $13.85, for a total value of $37,048.75.

Navan Stock Up 6.7%

NASDAQ:NAVN traded up $0.69 during midday trading on Thursday, reaching $11.05. The stock had a trading volume of 1,298,374 shares, compared to its average volume of 1,485,490. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.75 billion and a PE ratio of -5.64. The business’s fifty day simple moving average is $13.08. Navan, Inc. has a 12-month low of $8.83 and a 12-month high of $22.75.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NAVN shares. BNP Paribas Exane set a $24.00 price objective on shares of Navan in a research report on Monday, November 24th. Weiss Ratings started coverage on Navan in a report on Tuesday, January 27th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded Navan to a “hold” rating in a research report on Friday, November 21st. Citigroup assumed coverage on shares of Navan in a research report on Monday, November 24th. They set a “buy” rating and a $26.00 target price on the stock. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $25.00 price target on shares of Navan in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.36.

Check Out Our Latest Research Report on Navan

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new position in shares of Navan during the 4th quarter worth approximately $35,000. California State Teachers Retirement System acquired a new stake in shares of Navan during the fourth quarter valued at $39,000. Russell Investments Group Ltd. purchased a new stake in Navan during the 4th quarter worth about $51,000. New York State Common Retirement Fund purchased a new position in Navan in the 4th quarter valued at about $101,000. Finally, Strs Ohio acquired a new position in shares of Navan in the fourth quarter valued at approximately $113,000.

Navan Company Profile

(Get Free Report)

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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