Navan (NAVN) Insider X Sells $1.5M of Stock
L.P. Lightspeed Venture Partners sold 77,323 shares of Navan, Inc. for $1.47 million on June 17, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
L.P. Lightspeed Venture Partners X sold 77,323 shares of Navan, Inc. ($NAVN) at an average price of $19.06, worth about $1.47 million, on June 17, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $NAVN is up 3.8% after 1 week, up 23.7% after 1 month and up 20.9% to date (from the $20.99 close on Jun 17, 2026).
NAVN
Navan, Inc.
Key Points
- L.P. Lightspeed Venture Partners sold 77,323 shares of Navan, Inc. at an average price of $19.06, totaling about $1.47 million.
- Navan, Inc. shares closed at $21.91 on June 17, 2026, down from a previous close of $21.36, reflecting a volatile market.
- Analysts maintain a strong buy rating, with a mean price target of $30.87, suggesting potential upside from current levels.
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Selling Activity by L.P. Lightspeed Venture Partners
On June 17, 2026, L.P. Lightspeed Venture Partners sold 77,323 shares of Navan, Inc. (NASDAQ: NAVN) for about $1.47 million. The average sale price was $19.06 per share. This sale comes amid a backdrop of insider trading activity and analyst coverage.
Insider Buying and Selling at Navan, Inc.
This sale by L.P. Lightspeed Venture Partners follows a notable trend of insider buying at Navan, Inc. On June 25, 2026, several insiders, including Shai Weiss, Michael Kourey, Benjamin Horowitz, and Oren Zeev, purchased shares, with Weiss buying 4,150 shares and Kourey, Horowitz, and Zeev each acquiring 9,959 shares. This pattern of buying may indicate confidence in the company's future, contrasting with the recent sale by Lightspeed.
Analysts Set New Price Targets
Analysts have a generally positive outlook on Navan, Inc. On September 10, 2026, Citizens reiterated a "Market Outperform" rating with a price target of $38.00. TD Cowen maintained a "Buy" rating, lowering its target slightly from $34.00 to $31.00, while Rosenblatt also kept a "Buy" rating with a target of $29.00. These targets suggest that analysts see potential for price appreciation despite the current trading levels.
How Navan, Inc. Stock Has Traded
Navan, Inc. shares traded at $21.91 on June 17, 2026, which is above the 52-week low of $8.10 but significantly below the 52-week high of $30.88. The stock has been quite volatile, reflecting broader market conditions and investor sentiment. The average price of $19.06 for the recent sale indicates that L.P. Lightspeed Venture Partners sold shares at a lower price compared to the current trading levels, which might attract attention from investors.
What Navan, Inc. Does
Navan, Inc. specializes in AI-powered software solutions that simplify travel and expense management for companies. The firm serves various sectors, including finance and human resources, helping streamline processes from booking to expense reporting. With a focus on innovation, Navan's platform is designed to enhance user experiences for travelers and finance teams alike.
What's Ahead for Navan, Inc.
As Navan prepares for its next earnings report on December 14, 2026, investors will be keen to see how the company performs financially. The insider trading activity and the positions held by various stakeholders may provide insight into the company’s outlook. The recent Form 4 filings reflect actions taken by insiders and may not represent their current positions, as market conditions continue to evolve.
Related Filing Alerts
Source: L.P. Lightspeed Venture Partners X's Form 4 filing on $NAVN (Jun 17, 2026). Find the original filing: NAVN Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts