41,830 Shares in Asana, Inc. (NYSE:ASAN) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new position in Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 41,830 shares of the company's stock, valued at approximately $848,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Asana during the 4th quarter valued at about $29,000. Bogart Wealth LLC acquired a new stake in shares of Asana during the 4th quarter worth approximately $61,000. SBI Securities Co. Ltd. acquired a new stake in shares of Asana during the 4th quarter worth approximately $82,000. KBC Group NV grew its holdings in shares of Asana by 58.8% during the 4th quarter. KBC Group NV now owns 5,612 shares of the company's stock worth $114,000 after purchasing an additional 2,078 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Asana during the 4th quarter worth approximately $135,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird decreased their price target on Asana from $23.00 to $13.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Bank of America dropped their price objective on shares of Asana from $30.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. UBS Group dropped their price objective on shares of Asana from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on shares of Asana from $19.00 to $15.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Finally, Scotiabank reduced their price objective on Asana from $18.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.53.

Asana Stock Up 2.2%

Shares of NYSE:ASAN traded up $0.39 during midday trading on Wednesday, reaching $18.28. 1,337,892 shares of the company were exchanged, compared to its average volume of 2,787,138. Asana, Inc. has a fifty-two week low of $11.05 and a fifty-two week 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 has a fifty day simple moving average of $15.98 and a two-hundred day simple moving average of $18.14. The firm has a market cap of $4.26 billion, a PE ratio of -16.31 and a beta of 1.21.

Insider Buying and Selling

In other Asana news, COO Anne Raimondi sold 18,775 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $14.03, for a total value of $263,413.25. Following the completion of the transaction, the chief operating officer now directly owns 716,580 shares in the company, valued at $10,053,617.40. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dustin A. Moskovitz purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost 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 $814,151,226.24. The trade was a 0.10% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,074,507 shares of company stock worth $30,025,743 over the last ninety days. Company insiders own 61.28% 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.