Arif Janmohamed Sells 77,323 Shares of Navan (NASDAQ:NAVN) Stock

Navan, Inc. (NASDAQ:NAVN) Director Arif Janmohamed sold 77,323 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $19.06, for a total value of $1,473,776.38. Following the sale, the director directly owned 2,280,989 shares of the company’s stock, valued at $43,475,650.34. This represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Arif Janmohamed also recently made the following trade(s):

• On Tuesday, June 16th, Arif Janmohamed sold 398,546 shares of Navan stock. The shares were sold at an average price of $19.13, for a total value of $7,624,184.98.
• On Monday, June 15th, Arif Janmohamed sold 1,004,231 shares of Navan stock. The shares were sold at an average price of $20.37, for a total value of $20,456,185.47.
• On Friday, June 12th, Arif Janmohamed sold 1,019,900 shares of Navan stock. The stock was sold at an average price of $20.00, for a total value of $20,398,000.00.

Navan Price Performance

NASDAQ:NAVN opened at $21.91 on Friday. The company has a market cap of $5.57 billion and a price-to-earnings ratio of -10.19. Navan, Inc. has a twelve month low of $8.10 and a twelve month high of $24.50. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $18.43 and a 200-day simple moving average of $14.74.

Navan (NASDAQ:NAVN) last posted its quarterly earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The company had revenue of $220.23 million during the quarter. The company’s revenue was up 39.8% compared to the same quarter last year. Analysts anticipate that Navan, Inc. will post -0.37 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on NAVN. BTIG Research raised their target price on shares of Navan from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Citizens Jmp boosted their price target on Navan from $31.00 to $38.00 and gave the company a “market outperform” rating in a report on Thursday, June 11th. Oppenheimer set a $30.00 price objective on Navan in a report on Thursday, June 11th. TD Cowen lifted their target price on Navan from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, BMO Capital Markets upped their target price on Navan from $22.00 to $30.00 and gave the stock an “outperform” rating in a 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Navan has a consensus rating of “Moderate Buy” and an average price target of $28.64.

Hedge Funds Weigh In On Navan

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada purchased a new stake in shares of Navan during the 4th quarter worth $35,000. California State Teachers Retirement System bought a new stake in Navan during the fourth quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new position in Navan in the fourth quarter valued at about $51,000. Sunbelt Securities Inc. bought a new position in Navan in the first quarter worth about $71,000. Finally, New York State Common Retirement Fund bought a new position in Navan in the fourth quarter worth about $101,000.

Key Headlines Impacting Navan

Here are the key news stories impacting Navan this week:

• Positive Sentiment: Navan announced its first public-company acquisition, buying Smartrips in Brazil to expand in Latin America and strengthen its position in the corporate travel market. Navan Expands in Latin America with Acquisition of Smartrips, a Leading Travel Management Company in Brazil
• Positive Sentiment: Recent earnings-call coverage highlighted record bookings, better enterprise adoption, growing AI use, and a higher outlook, reinforcing the company’s growth narrative. NAVN Q1 Earnings Call Highlights AI Push, Enterprise Gains and Higher Outlook
• Neutral Sentiment: Market commentary suggested Navan has strong near-term execution but remains a riskier long-term bet, which does not clearly change the short-term stock view. Navan: Strong Near-Term Execution, Risky Long-Term Bet
• Negative Sentiment: Director and major shareholder Arif Janmohamed sold a large amount of NAVN stock in multiple June transactions, including 398,546 shares on June 16 and 77,323 shares on June 17, which may pressure sentiment. Insider Selling: Navan (NASDAQ:NAVN) Director Sells 77,323 Shares of Stock

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.