87,754 Shares in Asana, Inc. (NYSE:ASAN) Purchased by Savant Capital LLC

Savant Capital LLC purchased a new position in shares of Asana, Inc. (NYSE:ASAN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 87,754 shares of the company's stock, valued at approximately $1,779,000.

Other hedge funds have also made changes to their positions in the company. KBC Group NV grew its stake in Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company's stock worth $41,000 after buying an additional 1,211 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Asana in the 3rd quarter worth about $43,000. MQS Management LLC acquired a new stake in shares of Asana in the 3rd quarter worth about $141,000. Paloma Partners Management Co bought a new stake in Asana in the 3rd quarter valued at about $143,000. Finally, Quadrature Capital Ltd acquired a new position in Asana during the 3rd quarter valued at about $189,000. Institutional investors own 26.21% of the company's stock.

Insider Buying and Selling

In related news, COO Anne Raimondi sold 27,233 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 733,855 shares in the company, valued at $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 the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total value of $4,334,000.00. Following the sale, the director now owns 1,847,309 shares in the company, valued at approximately $40,031,186.03. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 573,300 shares of company stock worth $12,197,068. Corporate insiders own 63.97% of the company's stock.

Asana Price Performance

Shares of NYSE:ASAN traded down $1.01 during trading hours on Monday, hitting $23.27. 1,904,278 shares of the company's stock traded hands, compared to its average volume of 3,019,300. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The company's fifty day simple moving average is $21.61 and its two-hundred day simple moving average is $16.16. 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 $5.32 billion, a price-to-earnings ratio of -20.78 and a beta of 1.11.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ASAN shares. Jefferies Financial Group raised their price target on shares of Asana from $16.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, January 6th. Piper Sandler restated an "overweight" rating and issued a $27.00 target price on shares of Asana in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price target on Asana from $13.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. Royal Bank of Canada reissued an "underperform" rating and issued a $10.00 price target on shares of Asana in a research note on Friday, December 6th. Finally, JMP Securities lifted their price objective on shares of Asana from $21.00 to $25.00 and gave the company a "market outperform" rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Asana has an average rating of "Hold" and a consensus target price 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.