Navan (NASDAQ:NAVN) Shares Down 6.6% – Here’s What Happened

23 Sep 2026, 12:21 by Teresa Graham · The Cerbat Gem

Shares of Navan, Inc. (NASDAQ:NAVN – Get Free Report) dropped 6.6% during trading on Wednesday . The stock traded as low as $20.41 and last traded at $19.5920. 258,390 shares traded hands during trading, a decline of 92% from the average session volume of 3,344,472 shares. The stock had previously closed at $20.97.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NAVN shares. TD Cowen cut their price objective on shares of Navan from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Navan in a research report on Wednesday, September 9th. Bank of America raised their target price 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. Rosenblatt Securities lifted their price target on shares of Navan from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, Jefferies Financial Group upped their price target on Navan from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Navan presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Check Out Our Latest Research Report on NAVN

Navan Stock Down 5.1%

The company’s 50-day moving average is $26.44 and its 200 day moving average is $20.58. The stock has a market capitalization of $5.18 billion and a PE ratio of -3.94. The company has a current ratio of 4.38, a quick ratio of 4.38 and a debt-to-equity ratio of 0.09.

Navan (NASDAQ:NAVN – Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.17. Navan had a negative net margin of 42.11% and a negative return on equity of 13.91%. The business had revenue of $232.79 million for the quarter. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. As a group, analysts anticipate that Navan, Inc. will post -0.29 EPS for the current year.

Insider Activity

In other Navan news, CEO Ariel M. Cohen sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $30.14, for a total transaction of $6,781,500.00. Following the completion of the sale, the chief executive officer directly owned 1,086,242 shares in the company, valued at approximately $32,739,333.88. The trade was a 17.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Lightspeed Venture Partners Se sold 10,569 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.65, for a total value of $260,525.85. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 412,930 shares of company stock valued at $12,344,748. 63.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cosmic Management LLC acquired a new stake in shares of Navan in the fourth quarter valued at about $121,930,000. Napean Trading & Investment Co Singapore PTE Ltd acquired a new stake in Navan in the 4th quarter valued at about $100,332,000. Alkeon Capital Management LLC purchased a new position in Navan in the 4th quarter worth approximately $45,891,000. Capital International Investors acquired a new position in shares of Navan during the 4th quarter worth approximately $41,557,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of Navan in the fourth quarter valued at approximately $35,791,000.

About Navan

(Get Free Report)

Navan, Inc is a business travel and expense management technology company. The company provides an integrated platform that helps organizations plan and book business travel, manage travel-related spending, and streamline expense reporting and reimbursement.

Its products and services include corporate travel booking, lodging and transportation reservations, expense management tools, payment and corporate card capabilities, travel policy controls, and reporting solutions. Navan also uses automation and artificial intelligence to assist employees with trip planning and help companies manage travel programs and spending.