Asana, Inc. (NYSE:ASAN) CFO Sells $25,565.88 in Stock

Asana, Inc. (NYSE:ASAN - Get Free Report) CFO Sonalee Elizabeth Parekh sold 1,884 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $13.57, for a total value of $25,565.88. Following the transaction, the chief financial officer owned 1,335,043 shares in the company, valued at $18,116,533.51. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sonalee Elizabeth Parekh also recently made the following trade(s):

• On Friday, June 20th, Sonalee Elizabeth Parekh sold 4,230 shares of Asana stock. The stock was sold at an average price of $13.17, for a total value of $55,709.10.

Asana Stock Performance

NYSE:ASAN traded up $0.46 during mid-day trading on Friday, hitting $13.97. The company's stock had a trading volume of 2,421,440 shares, compared to its average volume of 2,997,827. The business's fifty day moving average is $15.71 and its two-hundred day moving average is $17.45. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of -13.97 and a beta of 1.13. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $187.63 million during the quarter, compared to the consensus estimate of $185.40 million. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KeyCorp reissued a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. Robert W. Baird increased their price target on Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and set a $22.00 price target on shares of Asana in a report on Wednesday, June 4th. Morgan Stanley lowered their price target on Asana from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their price target on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday, June 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Asana currently has an average rating of "Hold" and a consensus price target of $15.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASAN. Quarry LP purchased a new stake in Asana during the 4th quarter valued at about $29,000. Banque Cantonale Vaudoise purchased a new stake in shares of Asana in the 1st quarter valued at approximately $28,000. AlphaQuest LLC grew its stake in shares of Asana by 825.1% in the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock valued at $36,000 after buying an additional 2,203 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Asana during the 4th quarter worth approximately $82,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Asana during the 4th quarter worth approximately $135,000. Institutional investors and hedge funds own 26.21% 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.