Navan (NASDAQ:NAVN) President Michael Eric Sindicich Sells 9,349 Shares of Stock

Navan, Inc. (NASDAQ:NAVNGet Free Report) President Michael Eric Sindicich sold 9,349 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $13.86, for a total transaction of $129,577.14. Following the completion of the sale, the president owned 310,514 shares in the company, valued at $4,303,724.04. This represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Navan Stock Down 9.3%

NASDAQ NAVN opened at $11.48 on Friday. The company has a market cap of $2.85 billion and a price-to-earnings ratio of -5.86. Navan, Inc. has a 52 week low of $11.40 and a 52 week high of $22.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.49 and a current ratio of 4.49. The stock’s 50 day moving average price is $15.31.

Institutional Trading of Navan

Several large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Navan in the fourth quarter worth $115,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Navan during the 4th quarter worth about $223,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Navan during the 4th quarter worth about $256,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Navan during the 4th quarter valued at about $257,000. Finally, SG Americas Securities LLC acquired a new position in shares of Navan in the 4th quarter valued at about $270,000.

Key Navan News

Here are the key news stories impacting Navan this week:

Wall Street Analyst Weigh In

A number of research firms have commented on NAVN. JMP Securities set a $25.00 price target on Navan in a research note on Monday, November 24th. Zacks Research upgraded shares of Navan to a “hold” rating in a research note on Friday, December 26th. Morgan Stanley reissued an “overweight” rating and set a $20.00 target price on shares of Navan in a research report on Tuesday, December 16th. BNP Paribas Exane set a $24.00 price target on shares of Navan in a report on Monday, November 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price objective on shares of Navan in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Navan currently has an average rating of “Moderate Buy” and an average target price of $24.42.

Read Our Latest Report 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.

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Insider Buying and Selling by Quarter for Navan (NASDAQ:NAVN)

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