Asana, Inc. (NYSE:ASAN) Stock Holdings Decreased by DGS Capital Management LLC

DGS Capital Management LLC trimmed its stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,025 shares of the company's stock after selling 15,300 shares during the period. DGS Capital Management LLC's holdings in Asana were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASAN. KBC Group NV increased its holdings in Asana by 52.1% in the 3rd quarter. KBC Group NV now owns 3,534 shares of the company's stock worth $41,000 after acquiring an additional 1,211 shares in the last quarter. Quest Partners LLC acquired a new position in Asana during the third quarter worth $43,000. Benjamin F. Edwards & Company Inc. grew its holdings in Asana by 139.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,673 shares of the company's stock valued at $93,000 after buying an additional 3,885 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Asana in the third quarter valued at about $141,000. Finally, Paloma Partners Management Co acquired a new position in Asana in the 3rd quarter valued at about $143,000. Institutional investors and hedge funds own 26.21% of the company's stock.

Asana Price Performance

Shares of NYSE:ASAN traded down $0.68 during trading on Friday, hitting $19.67. 2,525,982 shares of the stock were exchanged, compared to its average volume of 2,547,969. The company has a fifty day moving average price of $19.66 and a two-hundred day moving average price of $15.27. The company has a market cap of $4.50 billion, a PE ratio of -17.56 and a beta of 1.10. Asana, Inc. has a 12-month low of $11.05 and a 12-month high of $27.77. 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 related news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the sale, the chief operating officer now owns 733,855 shares in the company, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 63.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ASAN. Jefferies Financial Group increased their target price on shares of Asana from $16.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Citigroup raised 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. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $10.00 price target on shares of Asana in a research report on Friday, December 6th. Oppenheimer boosted their price target on shares of Asana from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, JMP Securities raised their price target on Asana from $21.00 to $25.00 and gave the company a "market outperform" rating in a research note on Friday, December 6th. Two research 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.73.

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.