Asana, Inc. (NYSE:ASAN - Get Free Report) Director Justin Rosenstein sold 223,894 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $14.98, for a total transaction of $3,353,932.12. Following the transaction, the director directly owned 3,728,033 shares in the company, valued at approximately $55,845,934.34. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Justin Rosenstein also recently made the following trade(s):
- On Thursday, July 24th, Justin Rosenstein sold 115,936 shares of Asana stock. The shares were sold at an average price of $15.03, for a total value of $1,742,518.08.
- 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 value 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 value of $14,537,303.04.
- On Monday, July 21st, Justin Rosenstein sold 195,131 shares of Asana stock. The stock was sold at an average price of $15.01, for a total value of $2,928,916.31.
- On Friday, July 18th, Justin Rosenstein sold 226,600 shares of Asana stock. The stock was sold at an average price of $14.99, for a total value 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 value of $373,750.00.
Asana Stock Up 1.0%
NYSE ASAN traded up $0.15 on Monday, reaching $15.05. The stock had a trading volume of 3,015,035 shares, compared to its average volume of 3,411,135. The business has a 50 day moving average price of $14.98 and a 200 day moving average price of $16.78. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -15.05 and a beta of 1.13.
Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%. The company had revenue of $187.63 million during the quarter, compared to the consensus estimate of $185.40 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The firm's revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Asana, Inc. will post -1.09 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ASAN has been the subject of a number of research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price objective on shares of Asana in a research note on Wednesday, June 4th. Jefferies Financial Group boosted their target price on Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. Robert W. Baird boosted their target price on Asana from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. KeyCorp reissued a "sector weight" rating on shares of Asana in a research note on Wednesday, June 4th. Finally, Piper Sandler boosted their target price on Asana from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Asana currently has a consensus rating of "Hold" and a consensus target price of $15.97.
Get Our Latest Report on Asana
Hedge Funds Weigh In On Asana
A number of hedge funds have recently modified their holdings of ASAN. Voya Investment Management LLC grew its position in Asana by 8.1% during the 4th quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock worth $254,166,000 after acquiring an additional 937,726 shares during the last quarter. Vanguard Group Inc. boosted its position in Asana by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company's stock valued at $155,261,000 after buying an additional 475,100 shares during the last quarter. Voloridge Investment Management LLC boosted its position in Asana by 25.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company's stock valued at $43,574,000 after buying an additional 438,057 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Asana in the 4th quarter valued at $38,966,000. Finally, First Trust Advisors LP boosted its position in Asana by 17.6% in the 4th quarter. First Trust Advisors LP now owns 1,743,981 shares of the company's stock valued at $35,350,000 after buying an additional 261,298 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.
Asana Company Profile
(
Get Free Report)
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.
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