Asana, Inc. (NYSE:ASAN) Given Consensus Rating of “Hold” by Brokerages

Asana, Inc. (NYSE:ASANGet Free Report) has been given an average rating of “Hold” by the ten research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.27.

A number of research firms recently commented on ASAN. HSBC lowered shares of Asana from a “hold” rating to a “reduce” rating and set a $18.00 price objective for the company. in a research note on Wednesday, December 6th. Oppenheimer reissued an “outperform” rating and set a $28.00 target price on shares of Asana in a research note on Wednesday, December 6th. Bank of America began coverage on shares of Asana in a research note on Monday, February 26th. They set a “buy” rating and a $25.00 target price for the company. DA Davidson reissued a “neutral” rating on shares of Asana in a research note on Wednesday, December 6th. Finally, Morgan Stanley decreased their target price on shares of Asana from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 6th.

Get Our Latest Research Report on ASAN

Insider Activity

In other news, CFO Tim M. Wan sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $19.05, for a total transaction of $95,250.00. Following the transaction, the chief financial officer now owns 763,993 shares in the company, valued at approximately $14,554,066.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Anne Raimondi sold 17,045 shares of Asana stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $19.31, for a total value of $329,138.95. Following the transaction, the chief operating officer now owns 502,636 shares in the company, valued at approximately $9,705,901.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tim M. Wan sold 5,000 shares of Asana stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $19.05, for a total transaction of $95,250.00. Following the completion of the transaction, the chief financial officer now owns 763,993 shares in the company, valued at approximately $14,554,066.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,940 shares of company stock worth $557,807. 63.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC increased its holdings in shares of Asana by 33,942.3% during the 4th quarter. Voya Investment Management LLC now owns 10,672,275 shares of the company’s stock worth $202,880,000 after purchasing an additional 10,640,925 shares during the period. Vanguard Group Inc. increased its holdings in shares of Asana by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,213,830 shares of the company’s stock worth $168,705,000 after purchasing an additional 434,003 shares during the period. BlackRock Inc. increased its holdings in shares of Asana by 5.5% during the 1st quarter. BlackRock Inc. now owns 6,723,586 shares of the company’s stock worth $142,069,000 after purchasing an additional 352,684 shares during the period. State Street Corp increased its holdings in shares of Asana by 8.0% during the 2nd quarter. State Street Corp now owns 2,211,225 shares of the company’s stock worth $48,735,000 after purchasing an additional 163,281 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Asana by 69.8% during the 3rd quarter. Morgan Stanley now owns 2,141,221 shares of the company’s stock worth $39,206,000 after purchasing an additional 880,413 shares during the period. Institutional investors own 26.21% of the company’s stock.

Asana Trading Down 1.6 %

Asana stock opened at $15.96 on Monday. The firm’s 50 day moving average price is $18.41 and its two-hundred day moving average price is $18.94. Asana has a 1 year low of $15.41 and a 1 year high of $26.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of -13.64 and a beta of 1.27.

About Asana

(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; and manages product launches, marketing campaigns, and organization-wide goal settings.

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