Tudor Investment Corp ET AL Invests $5.40 Million in Asana, Inc. (NYSE:ASAN)

Tudor Investment Corp ET AL purchased a new stake in Asana, Inc. (NYSE:ASAN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 266,210 shares of the company's stock, valued at approximately $5,396,000. Tudor Investment Corp ET AL owned 0.12% of Asana at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ASAN. Quarry LP acquired a new stake in Asana in the fourth quarter valued at $29,000. Bogart Wealth LLC acquired a new stake in shares of Asana in the fourth quarter valued at about $61,000. SBI Securities Co. Ltd. purchased a new stake in Asana during the fourth quarter worth about $82,000. KBC Group NV increased its holdings in Asana by 58.8% in the fourth quarter. KBC Group NV now owns 5,612 shares of the company's stock valued at $114,000 after buying 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 valued at approximately $135,000. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup upped their price target on Asana from $16.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley decreased their price objective on shares of Asana from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Scotiabank lowered their price objective on shares of Asana from $18.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 11th. Finally, JMP Securities set a $22.00 target price on shares of Asana in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Asana has an average rating of "Hold" and a consensus price target of $15.53.

Insider Activity at Asana

In related news, CEO Dustin A. Moskovitz purchased 50,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $15.84 per share, for a total transaction of $792,000.00. Following the acquisition, the chief executive officer now directly owns 51,398,436 shares in the company, valued at $814,151,226.24. This trade represents a 0.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, COO Anne Raimondi sold 18,775 shares of the company's stock in a transaction 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 sale, the chief operating officer now owns 716,580 shares of the company's stock, valued at approximately $10,053,617.40. The trade was a 2.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 2,074,507 shares of company stock worth $30,025,743 and sold 389,842 shares worth $7,820,003. 63.97% of the stock is owned by insiders.

Asana Stock Up 0.5 %

ASAN opened at $16.16 on Thursday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -14.43 and a beta of 1.23. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50-day moving average of $15.68 and a two-hundred day moving average of $17.46.

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.

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