Navan (NASDAQ:NAVN) Stock: Insider Ariel Cohen Sells 8,033 Shares

Navan, Inc. (NASDAQ:NAVN) CEO Ariel Cohen sold 8,033 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $26.13, for a total value of $209,902.29. Following the completion of the transaction, the chief executive officer owned 1,027,562 shares in the company, valued at $26,850,195.06. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Navan Stock Up 9.1%

NASDAQ NAVN opened at $27.06 on Thursday. The stock has a market capitalization of $7.05 billion and a P/E ratio of -5.35. Navan, Inc. has a 52 week low of $8.10 and a 52 week high of $30.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.38 and a current ratio of 4.38. The stock has a fifty day moving average of $24.27 and a 200-day moving average of $19.60.

Navan (NASDAQ:NAVN) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.17. The business had revenue of $232.79 million for the quarter. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%. The firm’s revenue was up 35.4% compared to the same quarter last year. On average, equities research analysts forecast that Navan, Inc. will post -0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NAVN. Weiss Ratings cut Navan from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, September 22nd. Oppenheimer raised their target price on shares of Navan from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. BTIG Research reiterated a “buy” rating and set a $30.00 price target on shares of Navan in a research report on Thursday, September 10th. Citizens Jmp reiterated a “market outperform” rating and set a $38.00 price target on shares of Navan in a research report on Thursday, September 10th. Finally, Rosenblatt Securities boosted their price target on shares of Navan from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Zevenbergen Capital Investments LLC boosted its holdings in Navan by 2,221.8% during the third quarter. Zevenbergen Capital Investments LLC now owns 387,738 shares of the company’s stock worth $8,139,000 after buying an additional 371,038 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Navan during the 1st quarter worth about $3,978,000. Weiss Asset Management LP bought a new stake in shares of Navan in the 1st quarter valued at about $2,525,000. Bank of America Corp DE increased its stake in shares of Navan by 733.7% in the 1st quarter. Bank of America Corp DE now owns 210,524 shares of the company’s stock valued at $2,787,000 after acquiring an additional 185,271 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Navan in the 1st quarter valued at about $1,531,000.

Navan Company Profile

Navan, Inc is a travel and expense management technology company that provides software and services for businesses and their employees. The company’s platform is designed to bring corporate travel booking, expense management, payments and related administrative functions into a unified system.

Navan’s products include tools for booking flights, hotels, rental cars and other business travel, as well as expense reporting, reimbursement and corporate card management. Its platform also offers travel-policy controls, reporting and automation features intended to help companies manage spending and support employees during business trips.

The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and adopted the Navan name in 2023.