Raymond James Financial Inc. bought a new stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 66,707 shares of the company's stock, valued at approximately $1,352,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP grew its holdings in shares of Asana by 157.7% during the third quarter. Quantbot Technologies LP now owns 26,008 shares of the company's stock valued at $301,000 after buying an additional 15,917 shares during the last quarter. FMR LLC boosted its stake in Asana by 1,419.9% during the 3rd quarter. FMR LLC now owns 24,029 shares of the company's stock valued at $278,000 after purchasing an additional 22,448 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Asana by 20.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,481 shares of the company's stock worth $237,000 after purchasing an additional 3,436 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Asana in the 3rd quarter worth $143,000. Finally, Atom Investors LP purchased a new position in shares of Asana in the third quarter worth $232,000. Hedge funds and other institutional investors own 26.21% of the company's stock.
Wall Street Analyst Weigh In
ASAN has been the topic of several recent analyst reports. JMP Securities set a $22.00 price objective on Asana in a research report on Tuesday, March 11th. Citigroup raised their price target on shares of Asana from $16.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. 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. DA Davidson dropped their target price on shares of Asana from $20.00 to $12.00 and set a "neutral" rating on the stock in a 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 note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.67.
View Our Latest Research Report on Asana
Asana Stock Performance
Asana stock traded down $0.45 during midday trading on Monday, hitting $13.71. The stock had a trading volume of 5,107,399 shares, compared to its average volume of 2,695,531. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a market capitalization of $3.19 billion, a PE ratio of -12.24 and a beta of 1.23. The firm's fifty day moving average is $18.33 and its two-hundred day moving average is $17.09. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.
Insiders Place Their Bets
In other news, Director Justin Rosenstein sold 200,000 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total value of $4,334,000.00. Following the completion of the transaction, the director now owns 1,847,309 shares of the company's stock, valued at $40,031,186.03. This represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dustin A. Moskovitz bought 225,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $13.87 per share, with a total value of $3,120,750.00. Following the transaction, the chief executive officer now directly owns 50,822,943 shares of the company's stock, valued at $704,914,219.41. This represents a 0.44 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,799,507 shares of company stock worth $25,714,743 and sold 739,842 shares worth $15,155,503. Company insiders own 63.97% of the company's stock.
About Asana
(
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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