Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Dustin A. Moskovitz acquired 225,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were purchased at an average cost of $15.64 per share, with a total value of $3,519,000.00. Following the completion of the transaction, the chief executive officer now owns 51,272,943 shares in the company, valued at approximately $801,908,828.52. The trade was a 0.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Asana Stock Performance
NYSE:ASAN opened at $15.51 on Friday. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77. The firm's fifty day simple moving average is $17.69 and its 200 day simple moving average is $17.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -13.84 and a beta of 1.23.
Hedge Funds Weigh In On Asana
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in Asana in the fourth quarter valued at about $29,000. Bogart Wealth LLC acquired a new position in Asana in the fourth quarter worth $61,000. SBI Securities Co. Ltd. bought a new stake in shares of Asana during the 4th quarter valued at about $82,000. KBC Group NV grew its holdings in shares of Asana by 58.8% during the fourth 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 last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Asana in the fourth quarter worth $135,000. Hedge funds and other institutional investors own 26.21% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on ASAN shares. Piper Sandler reduced their price target on shares of Asana from $27.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird lowered their price objective on shares of Asana from $23.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. UBS Group cut their target price on Asana from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Bank of America lowered their target price on shares of Asana from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their price target on Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Asana has a consensus rating of "Hold" and an average price target of $15.67.
Check Out Our Latest Research Report on ASAN
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.
Further Reading
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