Key Points
- Benjamin Horowitz bought 167,519 Navan shares on Dec. 24 at an average of $15.83 (≈$2.65M), raising his ownership to 6,994,061 shares — a 2.45% increase valued at about $110.7M.
- Related investor Horowitz Lsv Fund I (Andreessen) disclosed multi-day purchases of 1,056,534 shares across Dec. 22–29 (~$16.7M), a sizable insider accumulation that is a bullish signal for investors.
- Despite the insider buying, Navan reported a large quarterly loss (EPS -$4.58 on Dec. 15), while Wall Street consensus remains a "Buy" with an average price target of roughly $24.92, highlighting a contrast between fundamentals and analyst optimism.
Navan, Inc. (NASDAQ:NAVN - Get Free Report) major shareholder Horowitz Lsv Fund Andreessen acquired 99,502 shares of the stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $16.16 per share, for a total transaction of $1,607,952.32. Following the completion of the purchase, the insider owned 7,323,480 shares in the company, valued at approximately $118,347,436.80. This trade represents a 1.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Navan Stock Up 6.2%
Navan stock opened at $16.50 on Tuesday. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.14. Navan, Inc. has a one year low of $11.76 and a one year high of $22.75.
Navan (NASDAQ:NAVN - Get Free Report) last released its quarterly earnings data on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.
Analyst Ratings Changes
Several analysts have weighed in on NAVN shares. BNP Paribas set a $24.00 price objective on shares of Navan in a research note on Monday, November 24th. Needham & Company LLC reiterated a "buy" rating on shares of Navan in a research report on Monday, December 15th. JMP Securities set a $25.00 price objective on Navan in a research note on Monday, November 24th. BNP Paribas Exane started coverage on Navan in a research note on Monday, November 24th. They issued an "outperform" rating and a $24.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Navan in a research report on Monday, November 24th. They set a "buy" rating and a $29.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $24.92.
Get Our Latest Stock Analysis on Navan
Trending Headlines about Navan
Here are the key news stories impacting Navan this week:
- Positive Sentiment: Horowitz Lsv Fund I. Andreessen disclosed five purchases on Dec 22, 23, 24, 26 and 29 totaling 1,056,534 shares at an average price of roughly $15.83 per share, representing about $16.7M of buying and increasing its stake. This sizable, multi-day accumulation by a major shareholder is a bullish signal for investors. SEC Filing (Horowitz Lsv Fund I. Andreessen)
- Positive Sentiment: Director Benjamin A. Horowitz separately filed matching purchases across the same dates (Dec 22–29) for the same blocks — reflecting direct insider buying and increasing his reported ownership. Director buying often attracts investor attention and can support short-term demand. SEC Filing (Benjamin A. Horowitz)
- Negative Sentiment: Navan reported a large quarterly loss (EPS of -$4.58 on Dec 15), a fundamental weakness investors should weigh against the insider buying — insider purchases are a positive signal but do not change the company’s reported results. MarketBeat — NAVN earnings summary
Navan Company Profile
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Get Free Report)
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.
Further Reading
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