Navan, Inc. (NASDAQ:NAVN) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate Navan a “Moderate Buy”: Fourteen of 17 analysts recommend buying the stock, with one strong-buy, one hold, and one sell rating. Their average 12-month price target is $30.50.
• Latest quarterly results beat earnings expectations: Navan reported EPS of $0.05 versus the consensus estimate of a $0.12 loss, while revenue reached $232.79 million, up 35.4% year over year.
• Insiders have sold shares recently: Company insiders sold 497,075 shares worth about $14.1 million over the past 90 days; insiders still own 63.39% of the company.

Navan, Inc. (NASDAQ:NAVN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seventeen brokerages that are covering the firm, 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 issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.50.

A number of analysts have issued reports on the company. Bank of America raised their target price on Navan from $26.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded Navan from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Rosenblatt Securities increased their price objective on Navan from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Weiss Ratings downgraded shares of Navan from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, September 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Navan in a research report on Thursday, September 10th.

Insider Activity

In other Navan news, CTO Ilan Twig sold 36,040 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $21.27, for a total value of $766,570.80. Following the transaction, the chief technology officer directly owned 769,820 shares of the company's stock, valued at approximately $16,374,071.40. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ariel Cohen sold 225,000 shares of Navan stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.14, for a total transaction of $6,781,500.00. Following the transaction, the chief executive officer directly owned 1,086,242 shares in the company, valued at $32,739,333.88. The trade was 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 have sold 497,075 shares of company stock valued at $14,101,088 over the last 90 days. 63.39% of the stock is owned by company insiders.

Institutional Trading of Navan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Navan by 13.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,650 shares of the company's stock valued at $77,000 after purchasing an additional 420 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Navan by 23.2% in the 2nd quarter. Versant Capital Management Inc now owns 5,785 shares of the company's stock valued at $132,000 after purchasing an additional 1,091 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Navan in the 2nd quarter valued at $25,000. Pier 88 Investment Partners LLC increased its stake in shares of Navan by 7.3% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 29,500 shares of the company's stock valued at $619,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Navan in the 2nd quarter valued at $54,000.

Navan Stock Performance

NASDAQ:NAVN opened at $25.48 on Monday. The stock has a fifty day simple moving average of $24.09 and a 200 day simple moving average of $19.71. The firm has a market capitalization of $6.64 billion and a price-to-earnings ratio of -5.04. Navan has a 1-year low of $8.10 and a 1-year high of $30.88. The company has a quick ratio of 4.38, a current ratio of 4.38 and a debt-to-equity ratio of 0.09.

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

About Navan

Navan, formerly known as TripActions, provides business travel and expense management software. Its platform brings together corporate travel booking and expense workflows, helping organizations manage employee travel and business spending.

The company's services include tools for booking flights, hotels and other travel, as well as expense reporting and payment capabilities. Navan also offers support for travelers and administrative tools intended to help businesses oversee travel policies and spending.

Founded in 2015 by Ariel Cohen and Ilan Twig, the company adopted the Navan name in 2023.

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