28,868 Shares in Asana, Inc. (NYSE:ASAN) Acquired by Sei Investments Co.

Sei Investments Co. bought a new position in Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,868 shares of the company's stock, valued at approximately $585,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASAN. JPMorgan Chase & Co. lifted its holdings in shares of Asana by 105.6% during the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company's stock valued at $9,650,000 after acquiring an additional 427,576 shares during the period. XTX Topco Ltd bought a new stake in Asana during the 3rd quarter worth approximately $538,000. Neo Ivy Capital Management raised its position in Asana by 195.1% in the 3rd quarter. Neo Ivy Capital Management now owns 169,454 shares of the company's stock valued at $1,964,000 after purchasing an additional 112,038 shares during the last quarter. Virtu Financial LLC acquired a new position in Asana during the 4th quarter worth about $2,349,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Asana by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 694,792 shares of the company's stock worth $14,083,000 after purchasing an additional 48,831 shares in the last quarter. Institutional investors own 26.21% of the company's stock.

Insiders Place Their Bets

In other news, COO Anne Raimondi sold 18,775 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now owns 716,580 shares of the company's stock, valued at approximately $10,053,617.40. This trade represents a 2.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dustin A. Moskovitz acquired 225,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $12.91 per share, with a total value of $2,904,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,123,436 shares of the company's stock, valued at $621,273,558.76. This trade represents a 0.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,024,507 shares of company stock worth $29,233,743 and sold 739,842 shares worth $15,155,503. Corporate insiders own 63.97% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ASAN shares. JMP Securities set a $22.00 price target on Asana in a research note 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 for the company in a research report on Tuesday, March 11th. Morgan Stanley dropped their target price on shares of Asana from $18.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Scotiabank cut their price objective on shares of Asana from $18.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.67.

Asana Stock Performance

NYSE ASAN traded up $0.47 on Tuesday, reaching $16.02. The stock had a trading volume of 417,094 shares, compared to its average volume of 2,732,601. 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 company has a market cap of $3.73 billion, a P/E ratio of -14.27 and a beta of 1.23. The firm has a fifty day moving average of $17.43 and a two-hundred day moving average of $17.22.

Asana 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; 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.