Susquehanna Fundamental Investments LLC Buys New Position in Asana, Inc. (NYSE:ASAN)

Susquehanna Fundamental Investments LLC purchased a new position in Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 291,762 shares of the company's stock, valued at approximately $5,914,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Asana as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASAN. Gilder Gagnon Howe & Co. LLC increased its position in shares of Asana by 0.5% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,377,704 shares of the company's stock valued at $27,926,000 after purchasing an additional 7,269 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Asana by 8.1% during the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock worth $254,166,000 after purchasing an additional 937,726 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Asana by 175.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 290,676 shares of the company's stock worth $5,893,000 after buying an additional 185,050 shares during the period. Quantessence Capital LLC acquired a new position in shares of Asana in the 4th quarter valued at $258,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Asana by 941.4% in the fourth quarter. Hsbc Holdings PLC now owns 136,447 shares of the company's stock valued at $2,797,000 after buying an additional 123,345 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Asana news, CEO Dustin A. Moskovitz bought 50,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $15.84 per share, for a total transaction of $792,000.00. Following the completion of the purchase, the chief executive officer now directly owns 51,398,436 shares of the company's stock, valued at approximately $814,151,226.24. The trade was a 0.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 196,067 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.78, for a total value of $4,270,339.26. Following the completion of the transaction, the director now owns 1,651,242 shares in the company, valued at approximately $35,964,050.76. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 2,074,507 shares of company stock worth $30,025,743 and sold 589,842 shares worth $12,154,003. 63.97% of the stock is owned by company insiders.

Asana Trading Up 0.1 %

NYSE:ASAN opened at $16.00 on Monday. The firm has a market capitalization of $3.73 billion, a PE ratio of -14.29 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. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77. The business's 50-day moving average is $16.02 and its two-hundred day moving average is $17.45.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ASAN shares. Bank of America cut their price target on Asana from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. DA Davidson reduced their price target on shares of Asana from $20.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on shares of Asana from $15.00 to $13.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird reduced their target price on Asana from $23.00 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Citigroup raised their price target on shares of Asana from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Asana presently has an average rating of "Hold" and a consensus target price of $15.53.

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.

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