DGS Capital Management LLC Purchases Shares of 77,325 Asana, Inc. (NYSE:ASAN)

DGS Capital Management LLC purchased a new stake in Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 77,325 shares of the company's stock, valued at approximately $1,470,000. Asana makes up 0.6% of DGS Capital Management LLC's holdings, making the stock its 26th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in ASAN. AlphaCrest Capital Management LLC bought a new stake in Asana during the first quarter worth approximately $441,000. Bank of Montreal Can lifted its holdings in shares of Asana by 28.8% during the first quarter. Bank of Montreal Can now owns 88,411 shares of the company's stock worth $3,689,000 after buying an additional 19,777 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Asana by 53.5% during the first quarter. MetLife Investment Management LLC now owns 39,495 shares of the company's stock worth $1,579,000 after buying an additional 13,757 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Asana by 170.0% during the first quarter. Panagora Asset Management Inc. now owns 14,596 shares of the company's stock worth $583,000 after buying an additional 9,191 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Asana by 2.3% during the first quarter. Rhumbline Advisers now owns 76,708 shares of the company's stock worth $3,066,000 after buying an additional 1,716 shares during the last quarter. Institutional investors own 26.21% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ASAN. Bank of America began coverage on Asana in a report on Monday, February 26th. They set a "buy" rating and a $25.00 price target for the company. KeyCorp began coverage on Asana in a report on Thursday, March 21st. They set an "underweight" rating and a $14.00 price target for the company. Finally, Piper Sandler upped their price target on Asana from $16.00 to $18.00 and gave the stock an "underweight" rating in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Asana currently has a consensus rating of "Hold" and an average target price of $20.67.

Asana Stock Performance

Shares of NYSE ASAN traded down $0.31 during trading hours on Tuesday, reaching $13.55. The stock had a trading volume of 2,305,496 shares, compared to its average volume of 1,995,842. The business's fifty day moving average is $17.01 and its two-hundred day moving average is $18.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $3.05 billion, a price-to-earnings ratio of -11.58 and a beta of 1.23. Asana, Inc. has a twelve month low of $13.43 and a twelve month high of $26.27.

Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported ($0.28) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.06. Asana had a negative return on equity of 75.22% and a negative net margin of 39.39%. The firm had revenue of $171.14 million for the quarter, compared to analysts' expectations of $167.59 million. As a group, research analysts expect that Asana, Inc. will post -1.08 EPS for the current year.

Insider Activity at Asana

In other Asana news, insider Eleanor B. Lacey sold 4,462 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $15.47, for a total value of $69,027.14. Following the transaction, the insider now owns 220,739 shares of the company's stock, valued at $3,414,832.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Tim M. Wan sold 10,105 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $15.38, for a total transaction of $155,414.90. Following the sale, the chief financial officer now owns 753,888 shares of the company's stock, valued at $11,594,797.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Eleanor B. Lacey sold 4,462 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $15.47, for a total value of $69,027.14. Following the sale, the insider now directly owns 220,739 shares in the company, valued at approximately $3,414,832.33. The disclosure for this sale can be found here. Insiders have sold a total of 31,733 shares of company stock worth $488,886 over the last 90 days. Insiders own 63.26% 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.