Asana, Inc. (NYSE:ASAN – Get Free Report) CFO Tim M. Wan sold 5,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $19.05, for a total transaction of $95,250.00. Following the completion of the sale, the chief financial officer now directly owns 763,993 shares in the company, valued at $14,554,066.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Asana Trading Up 2.0 %
Shares of Asana stock traded up $0.39 during trading on Friday, reaching $19.66. The company’s stock had a trading volume of 1,985,350 shares, compared to its average volume of 2,784,155. Asana, Inc. has a 52-week low of $11.32 and a 52-week high of $26.27. The company has a market cap of $4.38 billion, a price-to-earnings ratio of -14.78 and a beta of 1.30. The firm’s 50-day moving average is $19.83 and its two-hundred day moving average is $20.64. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.14.
Asana (NYSE:ASAN – Get Free Report) last posted its quarterly earnings results on Tuesday, December 5th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. Asana had a negative net margin of 45.86% and a negative return on equity of 80.39%. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $164.09 million. During the same period in the prior year, the business posted ($0.49) EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Asana, Inc. will post -1.22 earnings per share for the current year.
Institutional Investors Weigh In On Asana
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Asana by 25.5% during the 3rd quarter. CWM LLC now owns 2,772 shares of the company’s stock valued at $51,000 after buying an additional 563 shares during the last quarter. National Bank of Canada FI raised its holdings in Asana by 5.8% during the 2nd quarter. National Bank of Canada FI now owns 11,290 shares of the company’s stock valued at $248,000 after buying an additional 620 shares during the last quarter. Virtu Financial LLC raised its holdings in Asana by 11.9% during the 1st quarter. Virtu Financial LLC now owns 6,195 shares of the company’s stock valued at $248,000 after buying an additional 658 shares during the last quarter. US Bancorp DE raised its holdings in Asana by 118.7% in the 1st quarter. US Bancorp DE now owns 1,216 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares in the last quarter. Finally, Corton Capital Inc. raised its holdings in Asana by 6.5% in the 3rd quarter. Corton Capital Inc. now owns 11,017 shares of the company’s stock worth $202,000 after purchasing an additional 669 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have issued reports on ASAN. JMP Securities reiterated a “market outperform” rating and issued a $30.00 target price on shares of Asana in a research note on Wednesday, September 6th. DA Davidson reaffirmed a “neutral” rating on shares of Asana in a report on Wednesday, December 6th. Oppenheimer reissued an “outperform” rating and set a $28.00 price objective on shares of Asana in a report on Wednesday, December 6th. Piper Sandler reiterated an “underweight” rating and set a $16.00 target price on shares of Asana in a research report on Wednesday, December 6th. Finally, UBS Group began coverage on shares of Asana in a report on Thursday, October 12th. They set a “neutral” rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.86.
Asana Company Profile
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; and manages product launches, marketing campaigns, and organization-wide goal settings.