Navan (NASDAQ:NAVN) Stock: Insider Ariel Cohen Sells 8,033 Shares

by · The Markets Daily

Navan, Inc. (NASDAQ:NAVN – Get Free Report) CEO Ariel Cohen sold 8,033 shares of Navan stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $26.13, for a total transaction of $209,902.29. Following the completion of the sale, the chief executive officer owned 1,027,562 shares of the company’s stock, valued at approximately $26,850,195.06. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Navan Stock Down 2.3%

Shares of NAVN stock traded down $0.58 during trading on Tuesday, hitting $24.80. The company had a trading volume of 1,608,927 shares, compared to its average volume of 2,312,743. Navan, Inc. has a one year low of $8.10 and a one year high of $30.88. The company has a current ratio of 4.38, a quick ratio of 4.38 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average price is $24.31 and its 200 day moving average price is $19.54.

Navan (NASDAQ:NAVN – Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $232.79 million for the quarter. The business’s revenue was up 35.4% on a year-over-year basis. Analysts forecast that Navan, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

NAVN has been the topic of a number of analyst reports. TD Cowen reduced their price objective on shares of Navan from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. BTIG Research restated a “buy” rating and issued a $30.00 target price on shares of Navan in a research report on Thursday, September 10th. Weiss Ratings downgraded shares of Navan from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, September 22nd. Rosenblatt Securities increased their price target on shares of Navan from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Bank of America lifted their price objective on shares of Navan from $26.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Navan presently has an average rating of “Moderate Buy” and an average price target of $30.50.

Get Our Latest Research Report on Navan

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NAVN. Bank of America Corp DE lifted its holdings in shares of Navan by 733.7% in the first quarter. Bank of America Corp DE now owns 210,524 shares of the company’s stock worth $2,787,000 after acquiring an additional 185,271 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its stake in shares of Navan by 2,221.8% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 387,738 shares of the company’s stock valued at $8,139,000 after purchasing an additional 371,038 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Navan during the 1st quarter valued at approximately $1,531,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Navan by 812.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 118,875 shares of the company’s stock valued at $1,574,000 after purchasing an additional 105,841 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in Navan during the 2nd quarter worth approximately $1,310,000.

About Navan

(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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