Shares of Navan, Inc. (NAVN) gained over 14% on Thursday morning after the company reported strong first-quarter results and raised its full-year guidance.
The stock is currently trading at $23.85, up $2.97 or 14.25%, on the Nasdaq. It opened at $24.22 after closing the previous session at $20.87. The stock has traded between $8.10 and $24.50 over the past 52 weeks.
Navan reported first-quarter revenue of $220 million, up 40% year-over-year, while gross booking volume surged 50% to a record $3.1 billion.
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