52,012 Shares in Asana, Inc. (NYSE:ASAN) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new position in shares of Asana, Inc. (NYSE:ASAN - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 52,012 shares of the company's stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of Asana by 2.3% during the first quarter. Swiss National Bank now owns 162,300 shares of the company's stock valued at $2,514,000 after purchasing an additional 3,600 shares during the period. ProShare Advisors LLC lifted its position in shares of Asana by 12.1% during the 1st quarter. ProShare Advisors LLC now owns 15,838 shares of the company's stock worth $245,000 after buying an additional 1,710 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Asana by 9.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,863 shares of the company's stock worth $385,000 after purchasing an additional 2,170 shares during the period. Vanguard Group Inc. raised its holdings in shares of Asana by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 9,326,145 shares of the company's stock worth $144,462,000 after purchasing an additional 490,823 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Asana by 27.9% during the first quarter. Bessemer Group Inc. now owns 53,345 shares of the company's stock valued at $827,000 after purchasing an additional 11,640 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Trading Up 1.1 %

Shares of NYSE ASAN traded up $0.16 during trading on Wednesday, reaching $13.94. The stock had a trading volume of 1,353,491 shares, compared to its average volume of 1,984,255. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $3.18 billion, a P/E ratio of -12.12 and a beta of 1.13. Asana, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $23.44. The business's 50-day moving average price is $12.42 and its 200-day moving average price is $13.25.

Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.03. Asana had a negative return on equity of 81.88% and a negative net margin of 37.73%. The business had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.68 million. During the same period in the previous year, the company posted ($0.31) earnings per share. The business's revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Asana, Inc. will post -1.14 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In other Asana news, COO Anne Raimondi sold 29,807 shares of Asana stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.99, for a total value of $357,385.93. Following the transaction, the chief operating officer now owns 761,088 shares in the company, valued at $9,125,445.12. This trade represents a 3.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eleanor B. Lacey sold 4,977 shares of Asana stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $11.79, for a total transaction of $58,678.83. Following the transaction, the insider now owns 370,333 shares in the company, valued at $4,366,226.07. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,092 shares of company stock valued at $527,668 in the last ninety days. Insiders own 63.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ASAN. Bank of America cut their price objective on shares of Asana from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. JMP Securities cut their target price on shares of Asana from $27.00 to $21.00 and set a "market outperform" rating on the stock in a report on Wednesday, September 4th. Royal Bank of Canada reissued an "underperform" rating and set a $10.00 target price on shares of Asana in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a report on Wednesday, September 4th. Finally, DA Davidson upped their price objective on shares of Asana from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $14.27.

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.