Navan, Inc. (NAVN) Shares Slide Amid Surprise Sales & Marketing Expense Increase Coincident with IPO, Securities Class Action Pending – Hagens Berman
Navan, Inc. - Class A (NAVN)
Company Research
Source: GlobeNewswire
SAN FRANCISCO, March 13, 2026 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Navan, Inc. (NASDAQ: NAVN), its IPO underwriters, and certain executives after the company’s December 15, 2025 announcement of Q3 2026 quarterly financial results for the quarter ended October 31, 2025. Among other matters, investors learned that Navan incurred a huge sequential increase in sales and marketing expenses. Of concern was that the quarter end coincided with Navan’s IPO closing, whereby the company and certain selling stockholders sold about 36.9 million shares at $25 per share to the investing public. Navan also announced the surprise departure of its CFO (Amy Butte) effective January 9, 2026. The markets swiftly reacted, sending the price of Navan shares down nearly 12% to close at $12.90, or about 48% below the IPO price, on December 16. By the time the complaint was filed on February 23, 2026, the price of Navan shares closed at $9.16, or 63% below the IPO pr
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News
- Navan, Inc. Notice of April 24, 2026 Application Deadline for Class Action Lawsuit - Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application DeadlinePR Newswire
- ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Navan, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NAVNGlobeNewswire
- Lowey Dannenberg Notifies Navan, Inc. (“Navan” or the “Company”) (NASDAQ: NAVN) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the FirmGlobeNewswire
- NAVN Investors Have Opportunity to Lead Navan, Inc. Securities Fraud Lawsuit with the Schall Law FirmGlobeNewswire
- NAVN DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Navan (NAVN) Investors of Securities Class Action Deadline on April 24, 2026GlobeNewswire
NAVN
Sec Filings
- 3/12/26 - Form 4
- 3/12/26 - Form 3
- 3/5/26 - Form 4
- NAVN's page on the SEC website