Asana, Inc. (NYSE:ASAN - Get Free Report) insider Eleanor B. Lacey sold 4,462 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $15.47, for a total transaction of $69,027.14. Following the sale, the insider now directly owns 220,739 shares of the company's stock, valued at approximately $3,414,832.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Asana Stock Down 0.9 %
ASAN stock opened at $14.88 on Thursday. Asana, Inc. has a twelve month low of $14.70 and a twelve month high of $26.27. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.35 billion, a P/E ratio of -12.72 and a beta of 1.22. The firm has a 50 day simple moving average of $17.63 and a 200-day simple moving average of $18.53.
Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.06. Asana had a negative return on equity of 75.22% and a negative net margin of 39.39%. The firm had revenue of $171.14 million for the quarter, compared to analysts' expectations of $167.59 million. On average, equities research analysts predict that Asana, Inc. will post -1.08 earnings per share for the current fiscal year.
Analyst Ratings Changes
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A number of research firms recently issued reports on ASAN. Bank of America began coverage on shares of Asana in a research report on Monday, February 26th. They set a "buy" rating and a $25.00 target price for the company. HSBC downgraded shares of Asana from a "hold" rating to a "reduce" rating and set a $18.00 target price for the company. in a research report on Wednesday, December 6th. DA Davidson reaffirmed a "neutral" rating on shares of Asana in a research report on Wednesday, December 6th. Oppenheimer reaffirmed an "outperform" rating and issued a $28.00 price objective on shares of Asana in a research report on Wednesday, December 6th. Finally, KeyCorp assumed coverage on shares of Asana in a research report on Thursday, March 21st. They issued an "underweight" rating and a $14.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $20.67.
Read Our Latest Stock Analysis on ASAN
Hedge Funds Weigh In On Asana
Several large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in Asana by 117.7% in the third quarter. Lazard Asset Management LLC now owns 1,463 shares of the company's stock valued at $26,000 after buying an additional 791 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Asana in the third quarter valued at $27,000. FMR LLC lifted its stake in Asana by 120.4% in the second quarter. FMR LLC now owns 1,578 shares of the company's stock valued at $28,000 after buying an additional 862 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Asana by 765.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,829 shares of the company's stock valued at $39,000 after buying an additional 2,502 shares during the last quarter. Finally, KBC Group NV bought a new stake in Asana in the fourth quarter valued at $41,000. 26.21% of the stock is currently owned by institutional investors.
Asana Company Profile
(
Get 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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