Asana, Inc. (NYSE:ASAN) CEO Purchases $3,226,500.00 in Stock

Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Dustin A. Moskovitz bought 225,000 shares of Asana stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $14.34 per share, for a total transaction of $3,226,500.00. Following the completion of the transaction, the chief executive officer now directly owns 49,023,436 shares in the company, valued at approximately $702,996,072.24. This trade represents a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Asana Stock Performance

Shares of ASAN stock traded up $0.62 on Monday, reaching $15.07. The stock had a trading volume of 2,626,086 shares, compared to its average volume of 2,578,227. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The stock has a market cap of $3.45 billion, a P/E ratio of -13.45 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50 day simple moving average of $19.39 and a 200 day simple moving average of $16.86.

Institutional Trading of Asana

Large investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. grew its position in shares of Asana by 6.5% during the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company's stock valued at $320,000 after acquiring an additional 959 shares during the period. KBC Group NV lifted its stake in shares of Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company's stock valued at $41,000 after buying an additional 1,211 shares in the last quarter. Quarry LP bought a new position in Asana in the 4th quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Asana by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company's stock worth $937,000 after buying an additional 2,538 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Asana by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 49,483 shares of the company's stock valued at $1,003,000 after acquiring an additional 2,668 shares during the period. 26.21% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

ASAN has been the topic of a number of analyst reports. JMP Securities set a $22.00 price target on Asana in a research report on Tuesday, March 11th. Piper Sandler dropped their target price on Asana from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Oppenheimer raised their price target on Asana from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Citigroup upped their price target on shares of Asana from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Finally, KeyCorp upgraded shares of Asana from an "underweight" rating to a "sector weight" rating and set a $10.00 price objective for the company in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $15.67.

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; 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.