Asana, Inc. (NYSE:ASAN) Shares Bought by Centiva Capital LP

Centiva Capital LP raised its position in Asana, Inc. (NYSE:ASAN) by 66.6% in the 4th quarter, Holdings Channel reports. The fund owned 106,612 shares of the company’s stock after acquiring an additional 42,623 shares during the period. Centiva Capital LP’s holdings in Asana were worth $2,161,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in Asana in the 4th quarter valued at approximately $29,000. Bogart Wealth LLC purchased a new stake in shares of Asana in the fourth quarter valued at approximately $61,000. SBI Securities Co. Ltd. acquired a new position in Asana during the fourth quarter worth $82,000. KBC Group NV raised its position in Asana by 58.8% in the fourth quarter. KBC Group NV now owns 5,612 shares of the company’s stock worth $114,000 after acquiring an additional 2,078 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Asana in the fourth quarter valued at $135,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Insiders Place Their Bets

In other Asana news, Director Justin Rosenstein sold 25,000 shares of Asana stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $12.89, for a total value of $322,250.00. Following the transaction, the director now owns 922,309 shares in the company, valued at $11,888,563.01. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dustin A. Moskovitz acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $15.84 per share, with a total value of $792,000.00. Following the completion of the acquisition, the chief executive officer now owns 51,398,436 shares in the company, valued at approximately $814,151,226.24. The trade was a 0.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,074,507 shares of company stock valued at $30,025,743 and sold 193,775 shares valued at $3,549,663. 63.97% of the stock is owned by corporate insiders.

Asana Stock Performance

Shares of NYSE ASAN opened at $16.41 on Wednesday. The company has a 50-day simple moving average of $15.43 and a 200-day simple moving average of $17.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $3.82 billion, a PE ratio of -14.65 and a beta of 1.21. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ASAN shares. JPMorgan Chase & Co. lowered their price target on shares of Asana from $15.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 11th. Bank of America lowered their target price on shares of Asana from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Citigroup lifted their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Scotiabank lowered their price target on Asana from $18.00 to $12.00 and set a “sector perform” rating on the stock in a report on Tuesday, March 11th. Finally, Jefferies Financial Group reduced their price objective on Asana from $19.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.53.

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.