Asana, Inc. (NYSE:ASAN) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its position in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 47.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,584 shares of the company's stock after selling 69,291 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Asana were worth $876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Arizona State Retirement System raised its stake in Asana by 3.6% during the 2nd quarter. Arizona State Retirement System now owns 23,401 shares of the company's stock valued at $327,000 after buying an additional 803 shares during the last quarter. Diversified Trust Co grew its holdings in Asana by 2.6% during the second quarter. Diversified Trust Co now owns 34,985 shares of the company's stock valued at $489,000 after purchasing an additional 900 shares during the period. Daiwa Securities Group Inc. increased its position in Asana by 26.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company's stock worth $70,000 after buying an additional 1,028 shares in the last quarter. KBC Group NV lifted its holdings in Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company's stock valued at $41,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Asana by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,045 shares of the company's stock worth $238,000 after buying an additional 1,769 shares during the period. Institutional investors own 26.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ASAN shares. Oppenheimer lifted their price objective on shares of Asana from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on Asana from $13.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday. KeyCorp upgraded shares of Asana from an "underweight" rating to a "sector weight" rating and set a $10.00 target price on the stock in a report on Friday. Scotiabank increased their price target on shares of Asana from $15.00 to $18.00 and gave the company a "sector perform" rating in a report on Friday. Finally, UBS Group decreased their price target on Asana from $17.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $16.53.

Insider Transactions at Asana

In other Asana news, COO Anne Raimondi sold 29,807 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the transaction, the chief operating officer now directly owns 761,088 shares of the company's stock, valued at approximately $9,125,445.12. The trade was a 3.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eleanor B. Lacey sold 4,977 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $11.79, for a total transaction of $58,678.83. Following the sale, the insider now directly owns 370,333 shares in the company, valued at approximately $4,366,226.07. The trade was a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,092 shares of company stock worth $527,668 over the last three months. 63.97% of the stock is currently owned by insiders.

Asana Stock Performance

ASAN traded up $2.64 on Monday, reaching $24.83. 10,980,380 shares of the stock were exchanged, compared to its average volume of 2,127,799. 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's 50-day moving average price is $13.37 and its 200 day moving average price is $13.27. The firm has a market capitalization of $5.67 billion, a PE ratio of -22.49 and a beta of 1.22. Asana, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $25.31.

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.