Asana (NYSE:ASAN – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03, Briefing.com reports. Asana had a negative return on equity of 77.48% and a negative net margin of 38.55%. The firm had revenue of $179.21 million for the quarter, compared to analyst estimates of $177.68 million. During the same period in the previous year, the company posted ($0.31) EPS. Asana’s revenue for the quarter was up 10.3% on a year-over-year basis.
Asana Price Performance
Shares of NYSE ASAN opened at $13.28 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $3.03 billion, a PE ratio of -11.35 and a beta of 1.16. Asana has a 1-year low of $11.29 and a 1-year high of $23.44. The business’s fifty day moving average price is $13.72 and its two-hundred day moving average price is $14.73.
Insider Activity
In other Asana news, CFO Tim M. Wan sold 28,856 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $11.44, for a total transaction of $330,112.64. Following the completion of the transaction, the chief financial officer now directly owns 1,050,284 shares of the company’s stock, valued at approximately $12,015,248.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Asana news, COO Anne Raimondi sold 26,588 shares of Asana stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $11.44, for a total transaction of $304,166.72. Following the sale, the chief operating officer now owns 790,894 shares of the company’s stock, valued at approximately $9,047,827.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tim M. Wan sold 28,856 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $11.44, for a total value of $330,112.64. Following the transaction, the chief financial officer now owns 1,050,284 shares of the company’s stock, valued at approximately $12,015,248.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,443 shares of company stock valued at $1,026,976. 63.97% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Research Report on Asana
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.
Further Reading
- Five stocks we like better than Asana
- How Can Investors Benefit From After-Hours Trading
- Marvell Technology AI Boom is Just Getting Started with ASIC
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Trends Investors Should Watch This Quarter for Market Insights
- Where to Find Earnings Call Transcripts
- Homebuilders Poised for a Breakout: Top Stocks to Watch
Receive News & Ratings for Asana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asana and related companies with MarketBeat.com's FREE daily email newsletter.