Navan, Inc. (NASDAQ:NAVN - Get Free Report) Director Arif Janmohamed sold 1,019,900 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $20.00, for a total value of $20,398,000.00. Following the completion of the sale, the director owned 3,761,089 shares in the company, valued at approximately $75,221,780. This represents a 21.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Arif Janmohamed also recently made the following trade(s):
- On Monday, June 15th, Arif Janmohamed sold 1,004,231 shares of Navan stock. The shares were sold at an average price of $20.37, for a total value of $20,456,185.47.
Navan Trading Up 0.9%
NAVN stock opened at $20.10 on Tuesday. Navan, Inc. has a 1-year low of $8.10 and a 1-year high of $24.50. The firm has a market cap of $5.04 billion and a P/E ratio of -9.62. The business's 50 day moving average is $17.75 and its 200-day moving average is $14.60. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.10.
Navan (NASDAQ:NAVN - Get Free Report) last announced its earnings results on Wednesday, June 10th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.20. The business had revenue of $220.23 million during the quarter. The business's quarterly revenue was up 39.8% compared to the same quarter last year. Equities analysts anticipate that Navan, Inc. will post -0.33 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NAVN. Lightspeed Management Company L.L.C. acquired a new position in Navan during the 4th quarter worth $852,658,000. a16z Capital Management L.L.C. acquired a new position in Navan during the 4th quarter worth $464,497,000. Greenoaks Capital Partners LLC acquired a new position in Navan during the 4th quarter worth $274,088,000. Cosmic Management LLC acquired a new position in Navan during the 4th quarter worth $121,930,000. Finally, Napean Trading & Investment Co Singapore PTE Ltd acquired a new position in Navan during the 4th quarter worth $100,332,000.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Jefferies Financial Group boosted their target price on Navan from $18.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday. The Goldman Sachs Group raised Navan from a "buy" rating to a "buy" rating in a report on Monday, June 8th. Needham & Company LLC boosted their target price on Navan from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Monday, June 8th. Bank of America boosted their target price on Navan from $20.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, June 11th. Finally, BMO Capital Markets boosted their target price on Navan from $22.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, June 11th. One 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.64.
Get Our Latest Analysis on Navan
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.
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