UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 25,607 Shares of Asana, Inc. (NYSE:ASAN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,025 shares of the company's stock after purchasing an additional 25,607 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Asana worth $4,582,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in Asana by 8.1% in the 4th quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock valued at $254,166,000 after acquiring an additional 937,726 shares in the last quarter. Voloridge Investment Management LLC raised its holdings 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 acquiring an additional 438,057 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Asana in the 4th quarter valued at approximately $38,966,000. First Trust Advisors LP raised its holdings 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 acquiring an additional 261,298 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Asana by 288.1% in the 4th quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company's stock valued at $28,481,000 after acquiring an additional 1,043,047 shares in the last quarter. Institutional investors own 26.21% of the company's stock.

Insider Activity

In related news, CEO Dustin A. Moskovitz purchased 50,000 shares of Asana stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $15.84 per share, for a total transaction of $792,000.00. Following the transaction, the chief executive officer now directly owns 51,398,436 shares of the company's stock, valued at approximately $814,151,226.24. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Justin Rosenstein sold 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the transaction, the director now owns 922,309 shares in the company, valued at $11,888,563.01. This represents a 2.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 2,074,507 shares of company stock valued at $30,025,743. Company insiders own 61.28% of the company's stock.

Asana Price Performance

ASAN stock traded up $0.15 during midday trading on Friday, reaching $14.87. 5,995,751 shares of the company's stock traded hands, compared to its average volume of 2,909,278. The company has a 50-day simple moving average of $16.31 and a two-hundred day simple moving average of $18.27. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -13.28 and a beta of 1.23. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share 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 analysts' expectations of $185.40 million. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted ($0.06) EPS. On average, analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

ASAN has been the subject of several recent research reports. UBS Group upped their price target on Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday. Robert W. Baird upped their price target on Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Wednesday. Morgan Stanley cut their price target on Asana from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Wednesday. FBN Securities raised Asana to a "strong-buy" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Asana currently has an average rating of "Hold" and a consensus target price of $15.97.

Asana 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.