Morgan Stanley Increases Navan (NASDAQ:NAVN) Price Target to $25.00

Key Points

• Morgan Stanley raised its price target on Navan from $20 to $25 and maintained an "overweight" rating, implying about a 38.67% upside from the current share price.
• Navan beat quarterly EPS expectations with $0.02 (vs. -$0.24 est.) and reported revenue of $177.92 million, up 34.8% year‑over‑year, while the stock traded near $18.03 after the report.
• The analyst consensus is a Moderate Buy with an average price target of $21.57, though insiders sold roughly 233,573 shares in the past three months, which may warrant attention.

Navan (NASDAQ:NAVN - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $20.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 38.67% from the company's current price.

Other analysts also recently issued reports about the stock. Oppenheimer lifted their price objective on shares of Navan from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, April 21st. Rosenblatt Securities dropped their price objective on shares of Navan from $30.00 to $20.00 and set a "buy" rating for the company in a report on Monday, March 23rd. Citigroup dropped their price objective on shares of Navan from $26.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, March 26th. TD Cowen started coverage on shares of Navan in a report on Wednesday, April 15th. They set a "buy" rating and a $18.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on shares of Navan from $13.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $21.57.

Navan Stock Performance

NASDAQ:NAVN traded down $0.31 on Tuesday, hitting $18.03. The stock had a trading volume of 2,059,500 shares, compared to its average volume of 2,451,135. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.52 billion and a PE ratio of -8.73. Navan has a 1 year low of $8.10 and a 1 year high of $22.75. The firm's fifty day simple moving average is $11.89.

Navan (NASDAQ:NAVN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.26. The firm had revenue of $177.92 million during the quarter. The company's quarterly revenue was up 34.8% on a year-over-year basis. Equities research analysts predict that Navan will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other Navan news, CTO Ilan Ezra Twig sold 49,210 shares of the business's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $8.62, for a total value of $424,190.20. Following the completion of the sale, the chief technology officer directly owned 538,012 shares of the company's stock, valued at $4,637,663.44. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anne Mary Giviskos sold 31,150 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $9.52, for a total transaction of $296,548.00. Following the completion of the sale, the insider directly owned 74,940 shares of the company's stock, valued at $713,428.80. This represents a 29.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 233,573 shares of company stock valued at $2,041,434 over the last three months.

Hedge Funds Weigh In On Navan

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of Navan during the fourth quarter valued at about $35,000. California State Teachers Retirement System bought a new position in shares of Navan during the fourth quarter valued at about $39,000. Russell Investments Group Ltd. purchased a new position in shares of Navan during the fourth quarter valued at about $51,000. New York State Common Retirement Fund purchased a new position in shares of Navan during the fourth quarter valued at about $101,000. Finally, Strs Ohio purchased a new position in shares of Navan during the fourth quarter valued at about $113,000.

Navan Company Profile

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.

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