Key Points
- Benjamin Horowitz, a Navan director, bought 308,188 shares at an average price of $16.74 (≈$5.16M), increasing his direct stake to 8,300,455 shares — about a 3.86% position increase.
- Horowitz and Horowitz LSV Fund I acquired a combined 976,975 Navan shares across Jan. 2, 5 and 6 for roughly $15.94M, a concentrated insider buying pattern that is typically seen as a bullish signal.
- Analysts maintain a consensus Buy rating on NAVN with an average price target of $24.92, while the stock trades near $17 and has a 52‑week range of $11.76–$22.75.
Navan, Inc. (NASDAQ:NAVN - Get Free Report) Director Benjamin Horowitz purchased 202,729 shares of the company's stock in a transaction that occurred on Monday, January 5th. The shares were acquired at an average price of $15.77 per share, for a total transaction of $3,197,036.33. Following the completion of the acquisition, the director directly owned 7,992,267 shares of the company's stock, valued at $126,038,050.59. This trade represents a 2.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Navan Stock Up 2.4%
NASDAQ:NAVN opened at $17.00 on Wednesday. Navan, Inc. has a 1 year low of $11.76 and a 1 year high of $22.75. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14.
Trending Headlines about Navan
Here are the key news stories impacting Navan this week:
- Positive Sentiment: Ben Horowitz and Horowitz LSV Fund I purchased a combined 976,975 Navan shares across three transactions on Jan. 2, 5 and 6 (466,058 @ $16.27; 202,729 @ $15.77; 308,188 @ $16.74). Total disclosed consideration was about $15.94M, and the latest filings show the insider/fund now holds ~8.3M shares (position increases of ~2.6%–6.4%). This concentrated insider buying is bullish signal—management/major holders increasing exposure can boost investor confidence and support the stock. Director Form 4 Major Shareholder Form 4
- Neutral Sentiment: Market commentary: a recent Yahoo Finance piece reviews Navan’s valuation following recent share-price volatility, providing context for investors weighing whether current levels reflect a buying opportunity or justify caution — useful background but not a direct catalyst. A Look At Navan Valuation
Analysts Set New Price Targets
A number of brokerages have recently issued reports on NAVN. Morgan Stanley reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of Navan in a research note on Tuesday, December 16th. Citigroup began coverage on shares of Navan in a research report on Monday, November 24th. They set a "buy" rating and a $26.00 price target on the stock. Loop Capital raised shares of Navan to a "strong-buy" rating in a research note on Monday, November 24th. Rosenblatt Securities restated a "buy" rating and set a $30.00 price target on shares of Navan in a report on Friday, December 12th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $25.00 price target on shares of Navan in a report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $24.92.
Get Our Latest Stock Report on NAVN
About Navan
(
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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