Key Points
- CEO Ariel Cohen sold 8,033 shares for about $209,902 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 0.78%; he retained 1,027,562 shares.
- Navan reported quarterly EPS of $0.05, beating analyst estimates of a $0.12 loss, while revenue rose 35.4% year over year to $232.79 million.
- Analysts hold a consensus Moderate Buy rating, with a $30.50 average price target; institutional investors also reported sizable share purchases.
Navan, Inc. (NASDAQ:NAVN - Get Free Report) CEO Ariel Cohen sold 8,033 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $26.13, for a total value of $209,902.29. Following the completion of the transaction, the chief executive officer directly owned 1,027,562 shares in the company, valued at $26,850,195.06. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Navan Stock Down 2.3%
Navan stock opened at $24.80 on Wednesday. Navan, Inc. has a 1-year low of $8.10 and a 1-year high of $30.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.38 and a quick ratio of 4.38. The stock has a market cap of $6.46 billion and a PE ratio of -4.90. The stock's fifty day moving average is $24.31 and its two-hundred day moving average is $19.54.
Navan (NASDAQ:NAVN - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.17. The company had revenue of $232.79 million during the quarter. Navan had a negative return on equity of 13.91% and a negative net margin of 42.11%. The firm's revenue for the quarter was up 35.4% on a year-over-year basis. On average, sell-side analysts expect that Navan, Inc. will post -0.29 EPS for the current fiscal year.
Institutional Investors Weigh In On Navan
A number of institutional investors and hedge funds have recently bought and sold shares of NAVN. Zevenbergen Capital Investments LLC lifted its position in Navan by 2,221.8% in the third quarter. Zevenbergen Capital Investments LLC now owns 387,738 shares of the company's stock valued at $8,139,000 after acquiring an additional 371,038 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Navan during the first quarter worth about $3,978,000. Bank of America Corp DE grew its holdings in shares of Navan by 733.7% during the first quarter. Bank of America Corp DE now owns 210,524 shares of the company's stock worth $2,787,000 after purchasing an additional 185,271 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Navan during the first quarter worth about $2,525,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Navan by 812.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 118,875 shares of the company's stock worth $1,574,000 after purchasing an additional 105,841 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on NAVN shares. BNP Paribas Exane raised their target price on Navan from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $38.00 price target on shares of Navan in a report on Thursday, September 10th. Wall Street Zen raised Navan from a "hold" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities increased their price target on shares of Navan from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, September 10th. Finally, Bank of America raised their price objective on shares of Navan from $26.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Navan currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.
View Our Latest Research Report on Navan
Navan Company Profile
(
Get Free Report)
Navan, Inc is a travel and expense management technology company that provides software and services for businesses and their employees. The company's platform is designed to bring corporate travel booking, expense management, payments and related administrative functions into a unified system.
Navan's products include tools for booking flights, hotels, rental cars and other business travel, as well as expense reporting, reimbursement and corporate card management. Its platform also offers travel-policy controls, reporting and automation features intended to help companies manage spending and support employees during business trips.
The company was founded in 2015 as TripActions by Ariel Cohen and Ilan Twig and adopted the Navan name in 2023.
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