561,963 Shares in Asana, Inc. (NYSE:ASAN) Bought by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Asana, Inc. (NYSE:ASAN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 561,963 shares of the company's stock, valued at approximately $11,391,000. Trexquant Investment LP owned approximately 0.25% of Asana as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Asana by 58.8% during the 4th quarter. KBC Group NV now owns 5,612 shares of the company's stock worth $114,000 after purchasing an additional 2,078 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Asana by 19.0% in the 4th quarter. Handelsbanken Fonder AB now owns 18,200 shares of the company's stock worth $369,000 after buying an additional 2,900 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Asana during the 4th quarter worth approximately $61,000. New York State Common Retirement Fund grew its position in Asana by 13.6% in the fourth quarter. New York State Common Retirement Fund now owns 25,300 shares of the company's stock valued at $513,000 after acquiring an additional 3,038 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Asana by 29.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,473 shares of the company's stock valued at $278,000 after acquiring an additional 3,083 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Stock Down 3.8 %

ASAN traded down $0.53 during trading on Monday, reaching $13.62. The company had a trading volume of 2,081,594 shares, compared to its average volume of 2,683,782. The business's fifty day moving average price is $18.46 and its 200 day moving average price is $17.08. The company has a market cap of $3.17 billion, a P/E ratio of -12.13 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.

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Analysts Set New Price Targets

Several research firms have recently commented on ASAN. UBS Group decreased their price target on shares of Asana from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Piper Sandler dropped their target price on Asana from $27.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird dropped their price objective on Asana from $23.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. DA Davidson dropped their target price 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. Finally, Bank of America dropped their price objective on Asana from $30.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.67.

Insider Transactions at Asana

In other news, COO Anne Raimondi sold 18,775 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $14.03, for a total value of $263,413.25. Following the completion of the transaction, the chief operating officer now owns 716,580 shares in the company, valued at $10,053,617.40. This trade represents a 2.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of Asana stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total value of $4,334,000.00. Following the completion of the sale, the director now directly owns 1,847,309 shares in the company, valued at approximately $40,031,186.03. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,349,507 shares of company stock valued at $19,281,993 and sold 739,842 shares valued at $15,155,503. 63.97% of the stock is owned by insiders.

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.