Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Dustin A. Moskovitz purchased 225,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $13.87 per share, for a total transaction of $3,120,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,822,943 shares in the company, valued at approximately $704,914,219.41. This trade represents a 0.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Asana Stock Performance
Shares of ASAN stock traded up $0.08 during midday trading on Friday, hitting $15.56. The company had a trading volume of 2,539,696 shares, compared to its average volume of 2,731,830. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -13.89 and a beta of 1.23. 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 simple moving average is $17.56 and its 200 day simple moving average is $17.16. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77.
Hedge Funds Weigh In On Asana
Hedge funds and other institutional investors have recently bought and sold shares of the company. 180 Wealth Advisors LLC purchased a new position in Asana during the 1st quarter worth $146,000. Rhumbline Advisers increased its stake in shares of Asana by 3.1% during the first quarter. Rhumbline Advisers now owns 125,556 shares of the company's stock worth $1,829,000 after acquiring an additional 3,739 shares during the period. GAMMA Investing LLC raised its holdings in Asana by 5,815.7% during the first quarter. GAMMA Investing LLC now owns 9,820 shares of the company's stock worth $1,430,000 after purchasing an additional 9,654 shares in the last quarter. Brooklyn FI LLC acquired a new stake in Asana in the fourth quarter valued at about $8,138,000. Finally, Vise Technologies Inc. boosted its holdings in Asana by 6.5% in the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company's stock valued at $320,000 after purchasing an additional 959 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. DA Davidson lowered their target price on shares of Asana from $20.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. UBS Group lowered their price objective on shares of Asana from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Jefferies Financial Group cut their target price on Asana from $19.00 to $15.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler lowered their price target on Asana from $27.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Bank of America cut their price objective on Asana from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.67.
Get Our Latest Research Report on ASAN
About Asana
(
Get Free Report)
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.
Read More
Before you consider Asana, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Asana wasn't on the list.
While Asana currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
