{
  "symbol": "NAVN",
  "company": "Navan, Inc.",
  "generated_at": "2026-06-24T07:36:50.563Z",
  "event_count": 3,
  "events": [
    {
      "type": "pipeline_event",
      "ts": "2026-06-23T23:24:05.155Z",
      "stage": "scout",
      "outcome": "failed",
      "reason": null,
      "trigger": "[insider_cluster_universe] 3 Form 4 filings in last 14 days · at least one open-market P/S trade verified",
      "source": "idle_hunter"
    },
    {
      "type": "analyst_decision",
      "ts": "2026-06-19T01:03:06.716Z",
      "skip": true,
      "reason": "Heavy pre-IPO insider selling ($19M) and active customer concentration anti-signals override a recently priced-in earnings beat; the 67x forward multiple and negative FCF leave no margin of safety or viable income structure edge.",
      "score": 29,
      "breakdown": {
        "smart_money": 0,
        "options_flow": 0,
        "catalyst": 25,
        "mispricing": 0,
        "quality": 0,
        "technical": 4
      },
      "debug_path": "drafts/2026-06-19-NAVN.analyst.debug.json"
    },
    {
      "type": "scout_dossier",
      "ts": "2026-06-19T01:02:41.015Z",
      "summary": "NAVN IPO'd at $25 in October 2025 and has surged ~125% over 90 days to near-all-time highs following a blowout Q1 FY27 beat (EPS $0.08 vs $0.007 estimate; revenue $220M +40% YoY). However, the investigation trigger — three Form 4 filings in 14 days — was driven entirely by Lightspeed Venture Partners selling ~$19M of NAVN shares at $18-20 between June 11-17. There were ZERO open-market P-code insider purchases; only a tiny $11,750 board retainer paid in stock (634 shares) and RSU vestings for the CEO/President. No genuine smart-money conviction is present. The stock now sits ~10% below its all-time high of $24.50 at 67x forward P/E with negative earnings — fully priced on AI-travel momentum narrative but no material data edge.",
      "verdict": "range_bound_or_income",
      "confidence": 4,
      "tool_calls": 24,
      "walltime_min": 35,
      "debug_path": "dossiers/2026-06-19-NAVN.scout.debug.json"
    }
  ],
  "lessons": [],
  "chart_signal": {
    "ticker": "NAVN",
    "call": "HOLD",
    "confidence": 2,
    "score": -1,
    "factors": {
      "above_50dma": "+1",
      "momentum_flat": "0 (-7.3%)",
      "rsi_neutral": "0 (55.2)",
      "recent_macd_bearish_cross": "-2 (10d ago)",
      "from_high": "0 (-7.0%)"
    },
    "summary": "HOLD (score -1) · 12-1 mom -7.3% · RSI 55.2 · above_50_only · -7.0% from high",
    "last_close": 21.28,
    "one_month_ago_close": 18.55,
    "twelve_month_ago_close": 20,
    "twelve_one_momentum_pct": -7.25,
    "rsi_14": 55.2,
    "ma_stack": "above_50_only",
    "from_period_high_pct": -6.95,
    "period_high": 22.87,
    "price_targets": {
      "bear": 16.01,
      "fair": 23.12,
      "bull": 38,
      "bear_return_pct": -24.8,
      "fair_return_pct": 8.7,
      "bull_return_pct": 78.6,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": 25,
        "target_mean": 29.4,
        "target_high": 38,
        "analyst_count": 15
      }
    },
    "generated_at": "2026-06-24T07:36:50.558Z"
  }
}