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

Shares of Navan, Inc. (NASDAQ:NAVN) have been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.6429.

NAVN has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on Navan from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Citigroup reaffirmed an “outperform” rating on shares of Navan in a research note on Thursday, June 11th. TD Cowen boosted their target price on Navan from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Jefferies Financial Group lifted their price target on Navan from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Oppenheimer set a $30.00 target price on Navan in a report on Thursday, June 11th.

Navan Stock Performance

Shares of NASDAQ:NAVN traded up $1.32 during trading on Tuesday, reaching $27.62. 2,735,149 shares of the company’s stock traded hands, compared to its average volume of 3,216,325. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.31 and a quick ratio of 4.31. The company has a 50 day moving average of $20.41 and a 200-day moving average of $15.44. Navan has a 12 month low of $8.10 and a 12 month high of $27.98. The stock has a market capitalization of $7.03 billion and a P/E ratio of -12.86.

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

Insider Buying and Selling at Navan

In related news, Director Arif Janmohamed sold 77,323 shares of Navan stock in a transaction 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 transaction, the director directly owned 2,280,989 shares in the company, valued at $43,475,650.34. The trade was a 3.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Lightspeed Venture Partners Se sold 10,569 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.65, for a total transaction of $260,525.85. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,130,170 shares of company stock valued at $102,639,611. Corporate insiders own 63.39% of the company’s stock.

Institutional Investors Weigh In On Navan

Institutional investors have recently bought and sold shares of the business. Napean Trading & Investment Co Singapore PTE Ltd purchased a new position in Navan in the fourth quarter valued at about $100,332,000. Dragoneer Investment Group LLC bought a new stake in shares of Navan in the 4th quarter valued at approximately $35,791,000. Teacher Retirement System of Texas bought a new position in Navan during the fourth quarter valued at approximately $8,540,000. Alkeon Capital Management LLC acquired a new stake in Navan in the fourth quarter valued at approximately $45,891,000. Finally, Lunate Capital Ltd bought a new position in shares of Navan during the 4th quarter valued at $3,416,000.

About Navan

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.