Navan, Inc. chairperson and CEO Ariel M. Cohen sells $1.08m in stock.

Navan, Inc.'s chairperson and CEO Ariel M. Cohen sold 50,647 shares of the company's Class A Common Stock on September 21, 2026, totaling approximately $1.08 million. This transaction was necessary to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). The stock price during the sale was $21.2741, a decline of 11% over the past week, but still up 131% over the past six months.

Cohen's beneficial ownership of the company's stock was reduced to 1,035,595 shares following the sale. Navan Inc recently reported strong fiscal second-quarter results, with revenue increasing 35% year-over-year to $233 million and non-GAAP earnings per share of $0.05, both surpassing analyst estimates. Analysts remain optimistic about Navan's growth potential, with Rosenblatt raising its price target to $29 from $27 and Needham maintaining a Buy rating with a $30 target.

However, some analysts have adjusted their price targets, with TD Cowen lowering their recommendation to $31 from $34. The company's strong performance in Q2 has garnered attention from multiple investment firms, with Citizens and Needham maintaining a Buy rating and Market Outperform rating, respectively.