XTX Topco Ltd purchased a new stake in Asana, Inc. (NYSE:ASAN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,424 shares of the company's stock, valued at approximately $538,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC increased its holdings in Asana by 327.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company's stock worth $41,000 after acquiring an additional 2,220 shares in the last quarter. KBC Group NV grew its holdings in shares of Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company's stock worth $41,000 after buying an additional 1,211 shares in the last quarter. Quest Partners LLC acquired a new stake in Asana in the 3rd quarter valued at about $43,000. Redwood Wealth Management Group LLC purchased a new position in Asana in the 2nd quarter worth approximately $65,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Asana by 26.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company's stock worth $70,000 after purchasing an additional 1,028 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on ASAN shares. DA Davidson lifted their price objective on Asana from $13.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Citigroup dropped their price objective on shares of Asana from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th. Jefferies Financial Group lifted their target price on shares of Asana from $13.00 to $16.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. UBS Group dropped their price target on shares of Asana from $17.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. Finally, KeyCorp raised shares of Asana from an "underweight" rating to a "sector weight" rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Asana currently has an average rating of "Hold" and an average price target of $16.53.
Check Out Our Latest Research Report on Asana
Asana Trading Up 1.3 %
Asana stock traded up $0.32 during midday trading on Friday, reaching $24.15. 3,436,826 shares of the stock traded hands, compared to its average volume of 2,204,125. The firm has a market cap of $5.51 billion, a PE ratio of -21.55 and a beta of 1.22. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $14.65 and a two-hundred day simple moving average of $13.62. Asana, Inc. has a 12-month low of $11.05 and a 12-month high of $26.10.
Insider Transactions at Asana
In other Asana news, COO Anne Raimondi sold 29,807 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the sale, the chief operating officer now owns 761,088 shares of the company's stock, valued at $9,125,445.12. This trade represents a 3.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eleanor B. Lacey sold 4,977 shares of Asana stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.79, for a total value of $58,678.83. Following the completion of the transaction, the insider now owns 370,333 shares of the company's stock, 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. Over the last quarter, insiders have sold 44,092 shares of company stock valued at $527,668. 63.97% of the stock is currently owned by corporate insiders.
About Asana
(
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.
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