Asana, Inc. (NYSE:ASAN) Given Consensus Rating of “Hold” by Brokerages

Shares of Asana, Inc. (NYSE:ASAN) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.73.

A number of research firms have issued reports on ASAN. JMP Securities upped their target price on shares of Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a research report on Friday, December 6th. DA Davidson raised their price target on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, December 6th. Piper Sandler upgraded Asana from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $27.00 in a report on Monday, January 6th. Finally, Citigroup increased their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th.

Insider Activity

In other Asana news, Director Justin Rosenstein sold 150,000 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total transaction of $3,001,500.00. Following the sale, the director now directly owns 2,047,309 shares of the company’s stock, valued at $40,966,653.09. The trade was a 6.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Anne Raimondi sold 27,233 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the completion of the transaction, the chief operating officer now owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 63.97% of the company’s stock.

Institutional Trading of Asana

Several institutional investors and hedge funds have recently bought and sold shares of ASAN. KBC Group NV increased its position in shares of Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC bought a new position in shares of Asana in the third quarter valued at $43,000. MQS Management LLC acquired a new position in Asana during the third quarter worth $141,000. Paloma Partners Management Co bought a new stake in Asana during the third quarter worth $143,000. Finally, Scientech Research LLC acquired a new stake in Asana in the second quarter valued at $146,000. Institutional investors own 26.21% of the company’s stock.

Asana Stock Down 1.0 %

Shares of ASAN opened at $21.77 on Thursday. The business’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $15.40. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -19.43 and a beta of 1.10. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49.

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.