UBS Group AG Takes Position in Navan, Inc. $NAVN

UBS Group AG acquired a new stake in Navan, Inc. (NASDAQ:NAVN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 534,243 shares of the company’s stock, valued at approximately $9,125,000.

Several other large investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Navan in the fourth quarter valued at approximately $115,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Navan in the fourth quarter valued at approximately $223,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Navan in the fourth quarter valued at approximately $256,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Navan in the fourth quarter valued at approximately $257,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Navan in the fourth quarter valued at approximately $270,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NAVN shares. Jefferies Financial Group lowered their price objective on shares of Navan from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. BMO Capital Markets raised their target price on Navan from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group raised their target price on Navan from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, March 27th. Rosenblatt Securities reduced their target price on Navan from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Morgan Stanley raised their target price on Navan from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.07.

Insider Buying and Selling

In related news, insider Anne Mary Giviskos sold 31,150 shares of Navan stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $9.52, for a total transaction of $296,548.00. Following the completion of the sale, the insider owned 74,940 shares in the company, valued at approximately $713,428.80. This trade represents a 29.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ariel M. Cohen sold 151,007 shares of Navan stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $8.62, for a total value of $1,301,680.34. Following the sale, the chief executive officer owned 1,003,918 shares of the company’s stock, valued at approximately $8,653,773.16. This represents a 13.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 233,573 shares of company stock worth $2,041,434.

Navan Stock Performance

Navan stock opened at $18.46 on Monday. Navan, Inc. has a one year low of $8.10 and a one year high of $22.75. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $13.42. The firm has a market capitalization of $4.63 billion and a P/E ratio of -8.83.

Navan (NASDAQ:NAVN) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.26. The firm had revenue of $177.92 million during the quarter. Navan’s revenue was up 34.8% on a year-over-year basis. Sell-side analysts predict that Navan, Inc. will post -0.33 EPS for the current year.

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.