8,026 Shares in Asana, Inc. (NYSE:ASAN) Acquired by TruNorth Capital Management LLC

TruNorth Capital Management LLC acquired a new stake in Asana, Inc. (NYSE:ASAN) during the fourth quarter, HoldingsChannel reports. The fund acquired 8,026 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in shares of Asana in the 4th quarter valued at $61,000. KBC Group NV increased its holdings in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC acquired a new position in Asana in the third quarter valued at about $43,000. Empirical Asset Management LLC bought a new position in Asana during the fourth quarter worth about $218,000. Finally, MQS Management LLC acquired a new position in shares of Asana during the 3rd quarter worth about $141,000. 26.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ASAN has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Jefferies Financial Group boosted their price objective on Asana from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, January 6th. DA Davidson increased their target price on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Scotiabank lifted their price target on shares of Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, December 6th. Finally, Oppenheimer increased their price objective on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.73.

Asana Stock Down 4.6 %

Shares of NYSE ASAN opened at $19.84 on Tuesday. Asana, Inc. has a one year low of $11.05 and a one year high of $27.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $21.32 and its two-hundred day moving average price is $16.48.

Insiders Place Their Bets

In other Asana news, COO Anne Raimondi sold 27,233 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the transaction, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total transaction of $3,001,500.00. Following the completion of the transaction, the director now owns 2,047,309 shares of the company’s stock, valued at $40,966,653.09. The trade was a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 573,300 shares of company stock worth $12,197,068 in the last quarter. Corporate insiders own 63.97% of the company’s stock.

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.