Navan, Inc. (NASDAQ:NAVN) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Navan, with 14 buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $30.50, with recent targets ranging from $26 to $38.
• Navan reported quarterly earnings of $0.05 per share, beating estimates by $0.17, while revenue rose 35.4% year over year to $232.79 million. Despite the stronger results, the company continues to post a negative net margin and analysts expect a full-year loss.
• Navan shares opened at $21.36, down 3.5%, after trading between $8.10 and $30.88 over the past year. Insiders sold 481,362 shares worth approximately $13.8 million in the past 90 days, including a $6.8 million sale by CEO Ariel Cohen.

Navan, Inc. (NASDAQ:NAVN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $30.50.

Several research firms have recently weighed in on NAVN. Citizens Jmp reiterated a "market outperform" rating and issued a $38.00 price objective on shares of Navan in a research note on Thursday, September 10th. Needham & Company LLC reissued a "buy" rating on shares of Navan in a research note on Thursday, September 10th. The Goldman Sachs Group upgraded shares of Navan from a "buy" rating to a "buy" rating in a report on Monday, June 8th. BNP Paribas Exane upped their price objective on shares of Navan from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Finally, Jefferies Financial Group increased their price objective on shares of Navan from $18.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, June 11th.

Navan Stock Down 3.5%

Shares of Navan stock opened at $21.36 on Friday. Navan has a one year low of $8.10 and a one year high of $30.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.38 and a quick ratio of 4.38. The stock's 50-day moving average is $26.63 and its 200 day moving average is $20.35. The firm has a market cap of $5.43 billion and a price-to-earnings ratio of -4.22.

Navan (NASDAQ:NAVN - Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.17. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%.The business had revenue of $232.79 million during the quarter. The company's quarterly revenue was up 35.4% compared to the same quarter last year. Equities research analysts anticipate that Navan will post -0.29 EPS for the current year.

Insider Transactions at Navan

In other Navan news, major shareholder Lightspeed Venture Partners Se sold 10,569 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.65, for a total value of $260,525.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ariel Cohen sold 225,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.14, for a total value of $6,781,500.00. Following the completion of the sale, the chief executive officer directly owned 1,086,242 shares of the company's stock, valued at $32,739,333.88. This trade represents a 17.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 481,362 shares of company stock valued at $13,785,926 in the last 90 days. Corporate insiders own 63.39% of the company's stock.

Institutional Trading of Navan

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in shares of Navan by 23.2% in the second quarter. Versant Capital Management Inc now owns 5,785 shares of the company's stock valued at $132,000 after buying an additional 1,091 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Navan in the 2nd quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Navan in the 2nd quarter worth about $54,000. EMC Capital Management bought a new position in Navan in the 2nd quarter valued at about $114,000. Finally, Sunbelt Securities Inc. acquired a new position in Navan during the 1st quarter valued at about $71,000.

About Navan

Navan, Inc is a business travel and expense management technology company. The company provides an integrated platform that helps organizations plan and book business travel, manage travel-related spending, and streamline expense reporting and reimbursement.

Its products and services include corporate travel booking, lodging and transportation reservations, expense management tools, payment and corporate card capabilities, travel policy controls, and reporting solutions. Navan also uses automation and artificial intelligence to assist employees with trip planning and help companies manage travel programs and spending.

The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and later adopted the Navan name as its platform expanded beyond travel booking into broader spend management.

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