Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Dustin A. Moskovitz acquired 225,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $14.41 per share, with a total value of $3,242,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,147,943 shares in the company, valued at approximately $722,631,858.63. This represents a 0.45 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Asana Trading Up 4.8 %
Shares of NYSE ASAN opened at $15.28 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77. The company has a market cap of $3.56 billion, a price-to-earnings ratio of -13.64 and a beta of 1.13. The business has a fifty day simple moving average of $18.77 and a 200-day simple moving average of $17.02.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ASAN. Bank of America decreased their price target on Asana from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. JMP Securities set a $22.00 target price on shares of Asana in a research note on Tuesday, March 11th. UBS Group dropped their price target on shares of Asana from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated an "underperform" rating and issued a $10.00 price objective on shares of Asana in a report on Friday, December 6th. Finally, Oppenheimer boosted their target price on Asana from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.67.
View Our Latest Stock Analysis on ASAN
Institutional Trading of Asana
Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Asana in the fourth quarter worth approximately $29,000. Bogart Wealth LLC acquired a new position in Asana in the 4th quarter worth approximately $61,000. SBI Securities Co. Ltd. purchased a new position in Asana during the 4th quarter worth approximately $82,000. KBC Group NV raised its stake in Asana by 58.8% during the 4th quarter. KBC Group NV now owns 5,612 shares of the company's stock valued at $114,000 after purchasing an additional 2,078 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Asana in the fourth quarter valued at $135,000. 26.21% of the stock is owned by hedge funds and other institutional investors.
Asana Company Profile
(
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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