Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein Sells 195,131 Shares

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Justin Rosenstein sold 195,131 shares of Asana stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $15.01, for a total transaction of $2,928,916.31. Following the sale, the director owned 5,763,667 shares in the company, valued at approximately $86,512,641.67. The trade was a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Justin Rosenstein also recently made the following trade(s):

• On Wednesday, July 23rd, Justin Rosenstein sold 729,228 shares of Asana stock. The shares were sold at an average price of $15.08, for a total transaction of $10,996,758.24.
• On Tuesday, July 22nd, Justin Rosenstein sold 966,576 shares of Asana stock. The shares were sold at an average price of $15.04, for a total transaction of $14,537,303.04.
• On Friday, July 18th, Justin Rosenstein sold 226,600 shares of Asana stock. The shares were sold at an average price of $14.99, for a total transaction of $3,396,734.00.
• On Thursday, July 10th, Justin Rosenstein sold 25,000 shares of Asana stock. The shares were sold at an average price of $14.95, for a total transaction of $373,750.00.

Asana Trading Down 0.3%

NYSE ASAN traded down $0.05 on Friday, hitting $14.90. 2,437,872 shares of the stock were exchanged, compared to its average volume of 3,249,753. The firm has a market capitalization of $3.51 billion, a P/E ratio of -14.90 and a beta of 1.13. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a fifty day moving average price of $14.98 and a two-hundred day moving average price of $16.79.

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

Analyst Ratings Changes

Several research firms have recently issued reports on ASAN. Morgan Stanley reduced their price objective on shares of Asana from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Jefferies Financial Group boosted their price target on shares of Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and issued a $22.00 price target on shares of Asana in a research report on Wednesday, June 4th. Robert W. Baird boosted their price target on shares of Asana from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, FBN Securities upgraded shares of Asana to a "strong-buy" rating in a research report on Wednesday, June 4th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.97.

Institutional Trading of Asana

A number of large investors have recently made changes to their positions in ASAN. Banque Cantonale Vaudoise purchased a new stake in shares of Asana during the first quarter valued at $28,000. Quarry LP bought a new stake in shares of Asana in the fourth quarter valued at about $29,000. AlphaQuest LLC raised its holdings in shares of Asana by 825.1% in the first quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock valued at $36,000 after acquiring an additional 2,203 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Asana in the fourth quarter valued at about $135,000. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Asana in the first quarter valued at about $146,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

About Asana

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.