Asana, Inc. (NYSE:ASAN) CFO Tim M. Wan Sells 10,000 Shares of Stock

Asana, Inc. (NYSE:ASAN) CFO Tim M. Wan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the sale, the chief financial officer now owns 753,888 shares in the company, valued at approximately $11,308,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Asana Price Performance

Shares of Asana stock opened at $15.08 on Friday. Asana, Inc. has a one year low of $13.34 and a one year high of $26.27. The stock’s fifty day moving average is $16.24 and its 200 day moving average is $18.18. The stock has a market cap of $3.39 billion, a P/E ratio of -12.88 and a beta of 1.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 1.80.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Monday, March 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. Asana had a negative return on equity of 75.22% and a negative net margin of 39.39%. The business had revenue of $171.14 million during the quarter, compared to analyst estimates of $167.59 million. Sell-side analysts anticipate that Asana, Inc. will post -1.08 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler upped their price target on Asana from $16.00 to $18.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Bank of America initiated coverage on Asana in a research note on Monday, February 26th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, KeyCorp initiated coverage on Asana in a research report on Thursday, March 21st. They issued an “underweight” rating and a $14.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.67.

Institutional Investors Weigh In On Asana

A number of institutional investors have recently bought and sold shares of ASAN. DekaBank Deutsche Girozentrale purchased a new stake in Asana in the 3rd quarter worth $27,000. Allspring Global Investments Holdings LLC grew its position in shares of Asana by 1,015.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock valued at $46,000 after purchasing an additional 2,294 shares in the last quarter. CWM LLC grew its position in shares of Asana by 25.5% during the third quarter. CWM LLC now owns 2,772 shares of the company’s stock valued at $51,000 after purchasing an additional 563 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Asana by 26.2% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 3,225 shares of the company’s stock valued at $61,000 after purchasing an additional 669 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Asana during the fourth quarter valued at about $147,000. Hedge funds and other 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.