Blue Trust Inc. Purchases 19,361 Shares of Asana, Inc. (NYSE:ASAN)

Blue Trust Inc. boosted its position in Asana, Inc. (NYSE:ASAN - Free Report) by 1,868.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,397 shares of the company's stock after acquiring an additional 19,361 shares during the quarter. Blue Trust Inc.'s holdings in Asana were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Asana by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company's stock valued at $21,605,000 after acquiring an additional 12,055 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 buying an additional 427,576 shares during the period. Holocene Advisors LP boosted its position in Asana by 62.2% during the third quarter. Holocene Advisors LP now owns 305,167 shares of the company's stock valued at $3,537,000 after buying an additional 116,998 shares during the period. Neo Ivy Capital Management boosted its position in Asana by 195.1% during the third quarter. Neo Ivy Capital Management now owns 169,454 shares of the company's stock valued at $1,964,000 after buying an additional 112,038 shares during the period. Finally, Barclays PLC boosted its position in Asana by 103.0% during the third quarter. Barclays PLC now owns 165,753 shares of the company's stock valued at $1,920,000 after buying an additional 84,114 shares during the period. Institutional investors own 26.21% of the company's stock.

Insider Buying and Selling

In other Asana news, COO Anne Raimondi sold 27,233 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the transaction, the chief operating officer now owns 733,855 shares of the company's stock, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Justin Rosenstein sold 196,067 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.78, for a total transaction of $4,270,339.26. Following the transaction, the director now directly owns 1,651,242 shares of the company's stock, valued at $35,964,050.76. This represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 573,300 shares of company stock valued at $12,197,068 over the last three months. Corporate insiders own 63.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Asana from $13.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Oppenheimer upped their price target on shares of Asana from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Citigroup upped their price target on shares of Asana from $16.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on shares of Asana from $13.00 to $15.00 and gave the company an "underweight" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada restated an "underperform" rating and set a $10.00 price target on shares of Asana in a research report on Friday, December 6th. Two investment 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.73.

Asana Trading Down 5.2 %

ASAN stock traded down $1.15 during trading on Friday, reaching $20.80. The company had a trading volume of 3,139,997 shares, compared to its average volume of 3,117,994. Asana, Inc. has a 52 week low of $11.05 and a 52 week high of $27.77. The company has a market cap of $4.76 billion, a P/E ratio of -18.57 and a beta of 1.11. The business has a 50 day moving average of $21.47 and a 200 day moving average of $16.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49.

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.