{"id":41362,"date":"2026-03-03T06:52:52","date_gmt":"2026-03-03T06:52:52","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/lightspeed-management-made-a-huge-bet-on-navan-navn-with-a-purchase-of-49-9-million-shares\/"},"modified":"2026-03-03T06:52:52","modified_gmt":"2026-03-03T06:52:52","slug":"lightspeed-management-made-a-huge-bet-on-navan-navn-with-a-purchase-of-49-9-million-shares","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/lightspeed-management-made-a-huge-bet-on-navan-navn-with-a-purchase-of-49-9-million-shares\/","title":{"rendered":"Lightspeed Management Made a Huge Bet on Navan (NAVN) With a Purchase of 49.9 Million Shares"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->According to an SEC filing dated February 17, 2026, Lightspeed Management Company, L.L.C. initiated a new position in <strong>Navan<\/strong> <span class=\"ticker\">(NASDAQ:NAVN)<\/span>, acquiring 49,921,454 shares. The quarter-end value of the NAVN position stood at $852.66 million.<!-- HTML_TAG_END --><\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The new position now represents 61.1% of the fund&#8217;s 13F reportable AUM.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Top holdings after the filing:<!-- HTML_TAG_END --><\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->NASDAQ: NAVN: $852.66 million (61.1% of AUM)<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->NYSE: NOW: $273.22 million (19.6% of AUM)<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->NASDAQ: KDK: $80.16 million (5.7% of AUM)<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->NYSE: BLND: $70.31 million (5.0% of AUM)<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->NASDAQ: PSNL: $64.96 million (4.7% of AUM)<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->As of February 17, 2026, shares were priced at $9.97 per share.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ul>\n<div class=\"table-container yf-t4vsm6\">\n<table class=\"article-table yf-t4vsm6\">\n<thead>\n<tr>\n<th>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Metric<!-- HTML_TAG_END --><\/p>\n<\/th>\n<th>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Value<!-- HTML_TAG_END --><\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-testid=\"cell-0-0\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Price (as of market close Feb. 27, 2026)<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-1\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->$9.74<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td data-testid=\"cell-1-0\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Market Capitalization<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-1\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->$2.42 billion<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td data-testid=\"cell-2-0\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Revenue (TTM)<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-1\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->$656.34 million<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td data-testid=\"cell-3-0\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Net Income (TTM)<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-1\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->($371.92 million)<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Navan, Inc. provides an AI-powered software platform focused on travel, payments, and expense management solutions, including booking, policy enforcement, payment processing, and expense reconciliation.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Navan primarily serves finance, human resources, travel managers, and inventory markets.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The company was formerly known as TripActions, Inc. and changed its name to Navan, Inc. in February 2023.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Navan, Inc. is a technology company specializing in AI-driven travel and expense management solutions for businesses. With a strong presence in the enterprise software sector, the company leverages automation to improve efficiency and compliance in corporate travel and expense workflows. Its scalable platform and focus on user experience provide a competitive edge in the growing business travel technology market.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Lightspeed\u2019s big bet on Navan and its AI-driven travel and expense management business haven\u2019t worked out well for the firm\u2019s portfolio. The stock has fallen by 43% since the end of 2025.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Navan doesn\u2019t expect to report results from its fiscal fourth quarter that ended in January until March 25. During its fiscal third quarter that ended on Oct. 31, 2025, the company reported sales that rose by 29% year over year to $194.9 million. The company also reported an adjusted gross profit margin that rose to 74% from 72% during the previous year period.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Navan\u2019s bottom line also moved in the right direction, on an adjusted basis. During its fiscal third quarter, Non-GAAP net income rose to $9 million from a loss of $14 million. On a GAAP basis, the company reported a $225 million loss in its fiscal third quarter.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Before you buy stock in Navan, consider this:<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<div style=\"display: none\" data-testid=\"read-more\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The <em>Motley Fool Stock Advisor<\/em> analyst team just identified what they believe are the\u00a0<strong>10 best stocks<\/strong> for investors to buy now\u2026 and Navan wasn\u2019t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Consider when <strong>Netflix<\/strong> made this list on December 17, 2004&#8230; if you invested $1,000 at the time of our recommendation,\u00a0<strong>you\u2019d have $519,015<\/strong>!* Or when <strong>Nvidia<\/strong> made this list on April 15, 2005&#8230; if you invested $1,000 at the time of our recommendation, <strong>you\u2019d have $1,086,211<\/strong>!*<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Now, it\u2019s worth noting\u00a0<em>Stock Advisor\u2019s<\/em> total average return is 941<span>% \u2014 a market-crushing outperformance compared to 194% for the S&amp;P 500.\u00a0<strong><span>Don&#8217;t miss the latest top 10 list, available with\u00a0<em>Stock Advisor<\/em>, and join an investing community built by individual investors for individual investors.<\/span><\/strong><\/span><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>See the 10 stocks \u00bb<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>*Stock Advisor returns as of March 1, 2026. <\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ServiceNow. The Motley Fool has a disclosure policy.<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Lightspeed Management Made a Huge Bet on Navan (NAVN) With a Purchase of 49.9 Million Shares was originally published by The Motley Fool<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to an SEC filing dated February 17, 2026, Lightspeed Management Company, L.L.C. initiated a new position in Navan (NASDAQ:NAVN), acquiring 49,921,454 shares. The quarter-end value of the NAVN position stood at $852.66 million. The new position now represents 61.1% of the fund&#8217;s 13F reportable AUM. Top holdings after the filing: NASDAQ: NAVN: $852.66 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_daextam_enable_autolinks":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10],"tags":[3390,527,4455,4454],"class_list":["post-41362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-aum","tag-inc","tag-lightspeed-management-company","tag-navan"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/diyhaven858.wasmer.app\/wp-content\/uploads\/2026\/02\/b8bcf25390c0bf4c775705c19fa447d5.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/41362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/comments?post=41362"}],"version-history":[{"count":0,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/posts\/41362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media\/30185"}],"wp:attachment":[{"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/media?parent=41362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/categories?post=41362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diyhaven858.wasmer.app\/index.php\/wp-json\/wp\/v2\/tags?post=41362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}