Asana, Inc. (NYSE:ASAN - Get Free Report) COO Anne Raimondi sold 18,775 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $14.03, for a total transaction of $263,413.25. Following the completion of the sale, the chief operating officer now directly owns 716,580 shares in the company, valued at approximately $10,053,617.40. This represents a 2.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Asana Stock Up 4.3 %
Shares of NYSE:ASAN opened at $15.07 on Tuesday. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $3.45 billion, a P/E ratio of -13.45 and a beta of 1.13. The firm has a fifty day moving average price of $19.32 and a 200 day moving average price of $16.88.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Citigroup increased their target price on Asana from $16.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Oppenheimer increased their price objective on Asana from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Morgan Stanley decreased their target price on Asana from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target on shares of Asana from $23.00 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America reduced their price objective on shares of Asana from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.67.
Read Our Latest Analysis on Asana
Institutional Investors Weigh In On Asana
Hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership acquired a new position in Asana in the 4th quarter valued at about $38,966,000. Paradice Investment Management LLC acquired a new position in shares of Asana in the fourth quarter valued at approximately $22,507,000. Two Sigma Investments LP raised its stake in shares of Asana by 288.1% during the fourth quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company's stock worth $28,481,000 after purchasing an additional 1,043,047 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Asana by 8.1% during the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock worth $254,166,000 after purchasing an additional 937,726 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Asana in the 4th quarter valued at $11,781,000. Institutional investors and hedge funds own 26.21% of the company's stock.
About Asana
(
Get Free Report)
Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.
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