Navan, Inc. (NAVN) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts are broadly bullish on Navan: Seventeen firms give the stock a consensus “Moderate Buy” rating, with 14 buys and one strong buy. The average 12-month price target is $30.50, compared with a recent price of $24.00.
• Navan’s latest quarter exceeded expectations, with adjusted EPS of $0.05 versus the consensus estimate of a $0.12 loss and revenue of $232.79 million, up 35.4% year over year. However, the company remains unprofitable, with a negative net margin and analysts expecting a full-year loss.
• Company insiders sold shares largely to cover tax obligations tied to vested equity awards; insiders sold 489,042 shares worth $13.9 million over the past quarter while retaining a 63.39% ownership stake. Several institutional investors also initiated or increased positions.

Navan, Inc. (NASDAQ:NAVN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.50.

A number of research analysts recently weighed in on the company. BNP Paribas Exane raised their price objective on Navan from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, July 13th. Citizens Jmp restated a "market outperform" rating and issued a $38.00 price objective on shares of Navan in a research note on Thursday, September 10th. Weiss Ratings cut shares of Navan from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, September 22nd. BTIG Research restated a "buy" rating and set a $30.00 target price on shares of Navan in a research note on Thursday, September 10th. Finally, Bank of America upped their price target on shares of Navan from $26.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd.

Insider Activity

In other Navan news, CTO Ilan Twig sold 36,040 shares of the business's stock in a transaction 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 sale, the chief technology officer owned 769,820 shares in the company, valued at $16,374,071.40. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 50,647 shares of the business's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $21.27, for a total value of $1,077,261.69. Following the completion of the sale, the chief executive officer owned 1,035,595 shares in the company, valued at $22,027,105.65. This represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 489,042 shares of company stock worth $13,891,186 over the last quarter. Insiders own 63.39% of the company's stock.

Institutional Trading of Navan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in Navan in the second quarter worth about $25,000. Orion Capital Management LLC bought a new position in Navan during the 2nd quarter worth about $54,000. EMC Capital Management bought a new position in Navan during the 2nd quarter worth about $114,000. Sunbelt Securities Inc. purchased a new position in Navan during the 1st quarter valued at about $71,000. Finally, Versant Capital Management Inc increased its position in Navan by 23.2% during 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 during the period.

Navan Price Performance

Shares of Navan stock opened at $24.00 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.38 and a quick ratio of 4.38. Navan has a one year low of $8.10 and a one year high of $30.88. The stock has a market capitalization of $6.25 billion and a P/E ratio of -4.74. The business's 50 day simple moving average is $25.07 and its two-hundred day simple moving average is $21.95.

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

About Navan

Navan, Inc is a business travel and expense management technology company that provides an integrated platform for organizations and their employees. Its services are designed to help businesses manage corporate travel, employee spending, payments and related administrative processes through a centralized digital system.

The company's platform supports travel booking for flights, hotels, rental cars and other accommodations, along with travel policies, approval workflows and traveler support.

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