Barclays PLC Purchases 84,114 Shares of Asana, Inc. (NYSE:ASAN)

Barclays PLC boosted its holdings in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 103.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,753 shares of the company's stock after purchasing an additional 84,114 shares during the period. Barclays PLC owned about 0.07% of Asana worth $1,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC boosted its stake in shares of Asana by 327.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company's stock valued at $41,000 after purchasing an additional 2,220 shares in the last quarter. KBC Group NV boosted its position in Asana by 52.1% in the third 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. Quest Partners LLC bought a new stake in shares of Asana during the third quarter worth $43,000. Redwood Wealth Management Group LLC acquired a new position in shares of Asana during the second quarter worth $65,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Asana by 26.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company's stock valued at $70,000 after acquiring an additional 1,028 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Asana from $13.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. KeyCorp raised 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. Morgan Stanley boosted their target price on shares of Asana from $14.00 to $18.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Citigroup decreased their price target on shares of Asana from $15.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Finally, DA Davidson lifted their price target on shares of Asana from $13.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $16.53.

Asana Trading Down 5.0 %

NYSE ASAN traded down $1.14 during trading hours on Friday, hitting $21.59. 3,046,717 shares of the company's stock were exchanged, compared to its average volume of 2,326,832. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -19.28 and a beta of 1.22. The stock has a 50-day simple moving average of $16.89 and a 200 day simple moving average of $14.29. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77.

Insider Transactions at Asana

In other news, COO Anne Raimondi sold 27,233 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total value of $591,228.43. Following the completion of the sale, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 63.97% of the company's stock.

About Asana

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.