XTX Topco Ltd Invests $538,000 in Asana, Inc. (NYSE:ASAN)

XTX Topco Ltd purchased a new position in shares of Asana, Inc. (NYSE:ASAN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,424 shares of the company’s stock, valued at approximately $538,000.

Several other large investors have also recently added to or reduced their stakes in ASAN. Headlands Technologies LLC boosted its holdings in Asana by 327.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock valued at $41,000 after purchasing an additional 2,220 shares in the last quarter. KBC Group NV boosted its stake in shares of Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares in the last quarter. Quest Partners LLC acquired a new position in Asana during the third quarter worth $43,000. Redwood Wealth Management Group LLC acquired a new position in Asana during the second quarter worth $65,000. Finally, Daiwa Securities Group Inc. raised its position in Asana by 26.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock worth $70,000 after acquiring an additional 1,028 shares in the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 29,807 shares of Asana stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the sale, the chief operating officer now owns 761,088 shares of the company’s stock, valued at $9,125,445.12. The trade was a 3.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eleanor B. Lacey sold 9,308 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $111,602.92. Following the transaction, the insider now owns 375,310 shares in the company, valued at $4,499,966.90. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,092 shares of company stock worth $527,668. Corporate insiders own 63.97% of the company’s stock.

Asana Stock Up 1.3 %

ASAN opened at $24.14 on Friday. The firm has a market cap of $5.51 billion, a P/E ratio of -21.55 and a beta of 1.22. The business’s fifty day simple moving average is $14.65 and its 200 day simple moving average is $13.62. Asana, Inc. has a 52 week low of $11.05 and a 52 week high of $26.10. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Several equities research analysts have commented on ASAN shares. Citigroup decreased their target price on shares of Asana from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird boosted their price objective on shares of Asana from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Scotiabank increased their target price on shares of Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, December 6th. JMP Securities lifted their price target 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. Finally, DA Davidson upped their price target on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Asana presently has an average rating of “Hold” and a consensus target price of $16.53.

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.