Navan (NASDAQ:NAVN) Stock Price Up 3.2% – Still a Buy?

Shares of Navan, Inc. (NASDAQ:NAVN) shot up 3.2% during trading on Monday . The stock traded as high as $16.10 and last traded at $16.02. 78,180 shares were traded during trading, a decline of 96% from the average session volume of 1,969,396 shares. The stock had previously closed at $15.53.

Analysts Set New Price Targets

Several research analysts recently issued reports on NAVN shares. Jefferies Financial Group set a $20.00 price target on shares of Navan in a research report on Tuesday, December 16th. Wall Street Zen raised shares of Navan to a “hold” rating in a research note on Friday, November 21st. Citigroup initiated coverage on shares of Navan in a research report on Monday, November 24th. They set a “buy” rating and a $26.00 target price on the stock. BTIG Research initiated coverage on shares of Navan in a report on Monday, November 24th. They issued a “buy” rating and a $26.00 price target for the company. Finally, Loop Capital raised Navan to a “strong-buy” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, Navan currently has an average rating of “Buy” and an average price target of $24.92.

Navan Trading Up 3.3%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49.

Navan (NASDAQ:NAVN) last posted its earnings results on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.

Insider Buying and Selling

In other Navan news, Director Benjamin A. Horowitz acquired 347,600 shares of the stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $12.65 per share, for a total transaction of $4,397,140.00. Following the completion of the acquisition, the director directly owned 5,922,151 shares of the company’s stock, valued at approximately $74,915,210.15. This trade represents a 6.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Horowitz Fund V. L. Andreessen bought 347,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average cost of $12.65 per share, with a total value of $4,397,140.00. Following the transaction, the insider owned 5,922,151 shares of the company’s stock, valued at $74,915,210.15. This represents a 6.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 1,484,790 shares of company stock worth $19,976,620.

About Navan

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.