Navan (NASDAQ:NAVN) Shares Up 4.7% - What's Next?

Key Points

• Navan shares climbed 4.7% to $22.38, while trading volume fell 58% below the average session volume.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $30.50; recent targets range from $30 to $34.
• Navan exceeded quarterly earnings expectations, reporting $0.05 per share versus estimates of a $0.12 loss, while revenue rose 35.4% year over year to $232.79 million; however, the company continues to post negative margins and return on equity.

Navan, Inc. (NASDAQ:NAVN - Get Free Report) shares rose 4.7% during trading on Tuesday . The stock traded as high as $22.41 and last traded at $22.3750. Approximately 1,363,346 shares were traded during trading, a decline of 58% from the average session volume of 3,278,302 shares. The stock had previously closed at $21.37.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup reiterated an "outperform" rating on shares of Navan in a research note on Thursday, June 11th. Bank of America lifted their price objective on Navan from $26.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. TD Cowen cut their target price on Navan from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. Morgan Stanley raised their price target on Navan from $25.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane upped their price objective on shares of Navan from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. One investment 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.50.

Navan Stock Up 4.9%

The firm has a 50 day simple moving average of $26.95 and a two-hundred day simple moving average of $20.08. The company has a quick ratio of 4.38, a current ratio of 4.38 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $5.70 billion and a P/E ratio of -4.44.

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, beating 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 firm had revenue of $232.79 million for the quarter. The firm's revenue was up 35.4% on a year-over-year basis. On average, equities research analysts expect that Navan, Inc. will post -0.37 earnings per share for the current year.

Insider Transactions at Navan

In other news, CEO Ariel M. 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 sale, the chief executive officer directly owned 1,086,242 shares in the company, valued at approximately $32,739,333.88. This trade represents a 17.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Sindicich sold 2,176 shares of Navan stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $21.06, for a total transaction of $45,826.56. Following the sale, the president directly owned 548,318 shares in the company, valued at $11,547,577.08. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 636,008 shares of company stock valued at $16,733,478. Company insiders own 63.39% of the company's stock.

Institutional Trading of Navan

A number of hedge funds and other institutional investors have recently modified their holdings of NAVN. Cosmic Management LLC bought a new position in Navan in the 4th quarter valued at approximately $121,930,000. Napean Trading & Investment Co Singapore PTE Ltd bought a new stake in Navan during the 4th quarter worth approximately $100,332,000. Alkeon Capital Management LLC acquired a new position in Navan in the 4th quarter valued at approximately $45,891,000. Capital International Investors acquired a new position in Navan in the 4th quarter valued at approximately $41,557,000. Finally, Dragoneer Investment Group LLC bought a new position in shares of Navan during the fourth quarter valued at $35,791,000.

Navan Company Profile

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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