Asana (NYSE:ASAN) Price Target Raised to $19.00

Asana (NYSE:ASAN) had its price target boosted by Jefferies Financial Group from $16.00 to $19.00 in a report published on Monday,Benzinga reports. They currently have a hold rating on the stock.

ASAN has been the topic of several other reports. JMP Securities lifted their price target on Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a research report on Friday, December 6th. Piper Sandler raised Asana from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $27.00 in a report on Monday. Oppenheimer boosted their target price on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price on the stock in a report on Friday, December 6th. Finally, Robert W. Baird boosted their target price on Asana from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.27.

Asana Trading Down 3.9 %

NYSE ASAN opened at $19.56 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana has a twelve month low of $11.05 and a twelve month high of $27.77. The firm has a market capitalization of $4.47 billion, a PE ratio of -17.46 and a beta of 1.10. The stock’s 50 day moving average is $18.23 and its 200 day moving average is $14.75.

Insider Activity at Asana

In related news, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the sale, the chief operating officer now owns 733,855 shares in the company, valued at approximately $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 63.97% of the stock is owned by company insiders.

Institutional Trading of Asana

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC increased its position in Asana by 327.9% in the second quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock worth $41,000 after buying an additional 2,220 shares in the last quarter. KBC Group NV increased its position in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after buying an additional 1,211 shares in the last quarter. Quest Partners LLC purchased a new stake in Asana in the third quarter worth about $43,000. Redwood Wealth Management Group LLC purchased a new stake in Asana in the second quarter worth about $65,000. Finally, Daiwa Securities Group Inc. increased 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 buying an additional 1,028 shares in the last quarter. 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.