Navan (NASDAQ:NAVN) Shares Gap Down - Here's What Happened

Key Points

• Navan shares gapped down premarket from $18.47 to $17.47 and were last at $18.01 on volume of 862,488 shares, with a market capitalization around $4.65 billion and a 50‑day moving average of $11.89.
• The company beat quarterly expectations, reporting $0.02 EPS vs. -$0.24 expected and revenue of $177.92 million (up 34.8% YoY), though analysts still forecast a full‑year loss (about -$0.33 EPS).
• Analysts hold an average rating of "Moderate Buy" with an average price target of $21.21 amid mixed target revisions, while insiders sold a total of 233,573 shares (~$2.04M) last quarter even as several institutions built new positions.

Navan, Inc. (NASDAQ:NAVN - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.47, but opened at $17.47. Navan shares last traded at $18.0080, with a volume of 862,488 shares trading hands.

Wall Street Analyst Weigh In

NAVN has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on Navan from $13.00 to $15.00 and gave the company an "outperform" rating in a research report on Thursday, March 26th. Citigroup dropped their target price on Navan from $26.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, March 26th. Oppenheimer upped their target price on Navan from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Rosenblatt Securities dropped their target price on Navan from $30.00 to $20.00 and set a "buy" rating on the stock in a research report on Monday, March 23rd. Finally, Weiss Ratings assumed coverage on Navan in a research report on Tuesday, January 27th. They issued a "sell (d)" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $21.21.

Navan Trading Up 0.4%

The company has a debt-to-equity ratio of 0.10, a current ratio of 4.07 and a quick ratio of 4.07. The stock has a 50-day moving average price of $11.89. The stock has a market capitalization of $4.65 billion and a P/E ratio of -8.88.

Navan (NASDAQ:NAVN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.26. The company had revenue of $177.92 million for the quarter. The company's revenue for the quarter was up 34.8% on a year-over-year basis. On average, sell-side analysts forecast that Navan, Inc. will post -0.33 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new position in shares of Navan during the 4th quarter valued at about $8,540,000. Lunate Capital Ltd bought a new stake in Navan during the 4th quarter valued at approximately $3,416,000. Jennison Associates LLC bought a new stake in Navan during the 4th quarter valued at approximately $31,195,000. FNY Investment Advisers LLC bought a new stake in Navan during the 4th quarter valued at approximately $115,000. Finally, Cosmic Management LLC bought a new stake in Navan during the 4th quarter valued at approximately $121,930,000.

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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