Asana, Inc. (NYSE:ASAN) Insider Eleanor B. Lacey Sells 5,387 Shares

Asana, Inc. (NYSE:ASANGet Free Report) insider Eleanor B. Lacey sold 5,387 shares of Asana stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $15.46, for a total transaction of $83,283.02. Following the completion of the sale, the insider now directly owns 225,201 shares in the company, valued at approximately $3,481,607.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Asana Stock Performance

Asana stock opened at $15.47 on Friday. The stock has a fifty day moving average price of $18.13 and a 200 day moving average price of $18.78. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.13. Asana, Inc. has a 52 week low of $15.17 and a 52 week high of $26.27. The firm has a market capitalization of $3.48 billion, a P/E ratio of -13.22 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ASAN shares. KeyCorp began coverage on Asana in a report on Thursday. They issued an “underweight” rating and a $14.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $28.00 price target on shares of Asana in a report on Wednesday, December 6th. HSBC lowered Asana from a “hold” rating to a “reduce” rating and set a $18.00 price target on the stock. in a research note on Wednesday, December 6th. Morgan Stanley decreased their target price on Asana from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 6th. Finally, Bank of America assumed coverage on Asana in a research note on Monday, February 26th. They set a “buy” rating and a $25.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Asana currently has an average rating of “Hold” and an average target price of $20.67.

Check Out Our Latest Stock Report on Asana

Institutional Investors Weigh In On Asana

Hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Asana in the 3rd quarter worth about $27,000. Lazard Asset Management LLC increased its stake in Asana by 117.7% during the 3rd quarter. Lazard Asset Management LLC now owns 1,463 shares of the company’s stock worth $26,000 after buying an additional 791 shares during the period. FMR LLC grew its stake in shares of Asana by 120.4% during the second quarter. FMR LLC now owns 1,578 shares of the company’s stock valued at $28,000 after acquiring an additional 862 shares in the last quarter. KBC Group NV acquired a new stake in Asana during the 4th quarter valued at approximately $41,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Asana by 1,015.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock valued at $46,000 after buying an additional 2,294 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

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

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Insider Buying and Selling by Quarter for Asana (NYSE:ASAN)

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