Navan (NASDAQ:NAVN) Director Benjamin Horowitz Acquires 225,484 Shares

by · The Markets Daily

Navan, Inc. (NASDAQ:NAVN – Get Free Report) Director Benjamin Horowitz bought 225,484 shares of the stock in a transaction on Tuesday, December 23rd. The shares were bought at an average price of $15.84 per share, for a total transaction of $3,571,666.56. Following the completion of the transaction, the director directly owned 6,826,542 shares of the company’s stock, valued at $108,132,425.28. This trade represents a 3.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Navan Trading Up 6.2%

Shares of NASDAQ:NAVN traded up $0.97 during trading on Monday, hitting $16.50. 1,531,872 shares of the stock were exchanged, compared to its average volume of 2,007,389. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.49 and a quick ratio of 4.49. Navan, Inc. has a 12-month low of $11.76 and a 12-month high of $22.75.

Navan (NASDAQ:NAVN – Get Free Report) last issued its quarterly earnings data on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Several research firms have weighed in on NAVN. The Goldman Sachs Group assumed coverage on shares of Navan in a report on Monday, November 24th. They set a “buy” rating and a $29.00 target price for the company. Citigroup started coverage on shares of Navan in a research note on Monday, November 24th. They set a “buy” rating and a $26.00 price objective for the company. Oppenheimer began coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 price objective for the company. Jefferies Financial Group set a $20.00 target price on Navan in a report on Tuesday, December 16th. Finally, BNP Paribas Exane initiated coverage on Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $24.92.

Read Our Latest Stock 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.

Featured Articles