Retirement Planning Co of New England Inc. Invests $164,000 in Asana, Inc. (NYSE:ASAN)

Retirement Planning Co of New England Inc. purchased a new stake in Asana, Inc. (NYSE:ASAN) in the 1st quarter, Holdings Channel reports. The firm purchased 10,585 shares of the company’s stock, valued at approximately $164,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Asana by 4.9% in the third quarter. Vanguard Group Inc. now owns 9,213,830 shares of the company’s stock worth $168,705,000 after acquiring an additional 434,003 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Asana by 15.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,782,797 shares of the company’s stock worth $33,891,000 after buying an additional 235,135 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in Asana in the fourth quarter valued at approximately $25,246,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Asana by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 696,277 shares of the company’s stock valued at $13,236,000 after buying an additional 43,564 shares during the period. Finally, Norges Bank bought a new stake in shares of Asana during the fourth quarter worth $7,500,000. Institutional investors own 26.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Asana in a research report on Friday, May 31st. Piper Sandler dropped their target price on Asana from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday. Jefferies Financial Group reduced their price target on Asana from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Finally, Oppenheimer decreased their price target on shares of Asana from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.17.

Asana Stock Up 0.4 %

Shares of NYSE:ASAN traded up $0.06 during midday trading on Friday, hitting $13.58. The stock had a trading volume of 1,582,069 shares, compared to its average volume of 2,477,418. Asana, Inc. has a 12 month low of $11.29 and a 12 month high of $24.81. The business’s 50-day simple moving average is $13.83 and its 200-day simple moving average is $15.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.02. The company had revenue of $172.45 million during the quarter, compared to the consensus estimate of $168.53 million. Asana had a negative net margin of 38.55% and a negative return on equity of 77.48%. As a group, research analysts predict that Asana, Inc. will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Asana news, insider Eleanor B. Lacey sold 4,999 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $12.95, for a total value of $64,737.05. Following the sale, the insider now owns 384,150 shares in the company, valued at $4,974,742.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Asana news, CFO Tim M. Wan sold 10,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the transaction, the chief financial officer now directly owns 753,888 shares of the company’s stock, valued at approximately $11,308,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eleanor B. Lacey sold 4,999 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $12.95, for a total transaction of $64,737.05. Following the sale, the insider now owns 384,150 shares of the company’s stock, valued at $4,974,742.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,443 shares of company stock worth $1,101,976. Company insiders own 63.97% of the company’s stock.

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.