Lightspeed Venture Partners Trims Navan Stake

Lightspeed Venture Partners sold over a million Navan shares, valued at approximately $20.4 million.

Written by EarningsIQ · Published Jun 15, 2026, 9:01 PM EDT · Updated Jun 16, 2026, 3:00 PM EDT

Key Points

Lightspeed Venture Partners sold 1,019,900 shares of Navan, Inc. on June 12, 2026, at an average price of $20.0038, totaling about $20.4 million.
Navan, Inc. trades on the NasdaqGS with a market cap of $5.07 billion and a 52-week range of $8.11 to $24.50.
Analysts maintain strong buy ratings for Navan, with price targets ranging from $26 to $38.

On June 12, 2026, Lightspeed Venture Partners X, L.P. sold 1,019,900 shares of Navan, Inc. (NASDAQ: NAVN) at an average price of $20.0038 per share. This transaction was valued at approximately $20.4 million.

Insider Buying and Selling at Navan, Inc.

Lightspeed Venture Partners X, L.P. was active in selling Navan shares on June 12. The venture fund offloaded 1,019,900 shares, with no indication that the sale was pre-planned. Other insiders, including Janmohamed Arif and Lightspeed Venture Partners Select II, L.P., also made similar transactions on the same date.

Other Institutional Activity in Navan, Inc.

A16Z Capital Management, L.L.C. increased its Navan holdings by 1,023,312 shares, bringing its total to 28,218,676 shares, valued at around $373.6 million. Meanwhile, Greenoaks Capital Partners LLC reduced its stake by 1,698,000 shares, ending with 14,349,328 shares worth about $189.9 million. Wellington Management Group LLP also decreased its position by 312,626 shares, holding 5,243,445 shares valued at approximately $69.4 million.

Navan, Inc. Stock Snapshot

Shares of Navan, Inc. are trading around $19.93. The company has a market cap of $5.07 billion and a forward P/E ratio of 60.58. Navan's stock has ranged between $8.11 and $24.50 over the past year, with a 50-day moving average of $17.69 and a 200-day moving average of $14.87. The company maintains a strong liquidity position with a current ratio of 4.31 and a quick ratio of 3.70.

Recent Earnings

Navan reported revenue of $765.0 million, with a growth rate of 39.9%. Despite this, the company posted a net margin of -46.7% and a return on equity of -52.9%. The next earnings report is scheduled for August 12, 2026.

Analysts Set New Price Targets

On June 11, 2026, several firms maintained their buy ratings for Navan, Inc. TD Cowen set a price target of $29, Citigroup at $28, and Rosenblatt at $27. Other firms like Citizens and Jefferies have targets of $38 and $26, respectively. The consensus among 15 analysts is a strong buy, with an average target price of $29.40.

About Navan, Inc.

Navan, Inc. is a technology company based in Palo Alto, California. It specializes in AI-powered software solutions for travel and expense management. The platform streamlines various processes, including booking, payment, and expense reporting, serving markets like finance and human resources. Founded in 2015 and led by CEO Ariel M. Cohen, Navan employs about 3,700 people.

Bottom Line

Lightspeed Venture Partners' recent sale of Navan shares is a notable transaction in the company's ownership landscape. Investors often watch such insider activities closely, though they don't necessarily indicate future stock performance. Navan continues to attract strong buy ratings from analysts, reflecting confidence in its growth potential. Keep in mind, insider transactions like these are reported after they occur, offering a snapshot of past activity.