Navan (NASDAQ:NAVN) Stock Jumps 4.8% - What's Next?

Key Points

• Navan shares rose 4.8% to about $22.37, with trading volume 57% below the average daily level.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $30.50; several firms recently raised their targets to $30–$33.
• Navan reported quarterly revenue of $232.79 million, up 35.4% year over year, and EPS of $0.05—beating estimates—though the company continues to post negative net margins and return on equity.

Navan, Inc. (NASDAQ:NAVN - Get Free Report) shot up 4.8% during mid-day trading on Wednesday. The stock traded as high as $22.34 and last traded at $22.37. 1,437,556 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 3,335,411 shares. The stock had previously closed at $21.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BNP Paribas Exane boosted their target price on shares of Navan from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. Weiss Ratings cut Navan from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, September 22nd. Jefferies Financial Group increased their target price on Navan from $18.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, June 11th. Morgan Stanley raised their target price on Navan from $25.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, June 11th. Finally, Mizuho boosted their price target on Navan from $25.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, June 11th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.50.

Navan Stock Performance

The company has a market cap of $5.78 billion and a PE ratio of -4.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.38 and a current ratio of 4.38. The firm's 50 day moving average is $25.52 and its 200-day moving average is $21.36.

Navan (NASDAQ:NAVN - Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $232.79 million during the quarter. The business's quarterly revenue was up 35.4% on a year-over-year basis. On average, research analysts anticipate that Navan, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Navan

In other Navan news, President Michael Sindicich sold 8,977 shares of the firm's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $21.27, for a total transaction of $190,940.79. Following the completion of the sale, the president owned 539,341 shares of the company's stock, valued at $11,471,783.07. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CTO Ilan Twig sold 36,040 shares of Navan 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 completion of the sale, the chief technology officer owned 769,820 shares in the company, valued at $16,374,071.40. This represents a 4.47% decrease in their position. 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 489,042 shares of company stock worth $13,891,186 in the last ninety days. 63.39% of the stock is owned by insiders.

Institutional Trading of Navan

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

Navan Company Profile

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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