Asana, Inc. (NYSE:ASAN) Director Sells $2,964,000.00 in Stock

Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein sold 150,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $19.76, for a total value of $2,964,000.00. Following the completion of the transaction, the director now directly owns 1,097,309 shares of the company’s stock, valued at approximately $21,682,825.84. This trade represents a 12.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Justin Rosenstein also recently made the following trade(s):

• On Tuesday, February 4th, Justin Rosenstein sold 196,067 shares of Asana stock. The shares were sold at an average price of $21.78, for a total value of $4,270,339.26.
• On Tuesday, January 28th, Justin Rosenstein sold 200,000 shares of Asana stock. The stock was sold at an average price of $21.67, for a total value of $4,334,000.00.
• On Thursday, January 23rd, Justin Rosenstein sold 150,000 shares of Asana stock. The shares were sold at an average price of $20.01, for a total transaction of $3,001,500.00.

Asana Price Performance

ASAN stock opened at $19.48 on Thursday. The stock has a market cap of $4.45 billion, a PE ratio of -17.39 and a beta of 1.11. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77. The company has a 50-day moving average price of $21.09 and a 200 day moving average price of $16.55. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ASAN shares. KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Jefferies Financial Group raised their price target on Asana from $16.00 to $19.00 and gave the company a “hold” rating in a report on Monday, January 6th. DA Davidson upped their price objective on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Scotiabank increased their target price on Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.73.

Institutional Investors Weigh In On Asana

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vise Technologies Inc. boosted its holdings in shares of Asana by 6.5% in the fourth quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock valued at $320,000 after purchasing an additional 959 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Asana by 12.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 226,025 shares of the company’s stock valued at $4,582,000 after purchasing an additional 25,607 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Asana by 25.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock worth $43,574,000 after buying an additional 438,057 shares during the period. Woodline Partners LP purchased a new stake in shares of Asana in the 4th quarter worth $1,745,000. Finally, Vident Advisory LLC bought a new position in shares of Asana during the 4th quarter worth $460,000. Institutional investors own 26.21% of the company’s stock.

About Asana

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.