Anne Raimondi Sells 18,775 Shares of Asana, Inc. (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 18,775 shares of Asana stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $14.03, for a total value of $263,413.25. Following the transaction, the chief operating officer now directly owns 716,580 shares in the company, valued at approximately $10,053,617.40. The trade was a 2.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Asana Price Performance

NYSE:ASAN opened at $15.38 on Wednesday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -13.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $16.91. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Asana from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Scotiabank cut their price target on Asana from $18.00 to $12.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 11th. DA Davidson decreased their target price on Asana from $20.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Citigroup boosted their price target on shares of Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, JMP Securities set a $22.00 price objective on shares of Asana in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Asana has an average rating of “Hold” and an average price target of $15.67.

Institutional Trading of Asana

A number of institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC raised its stake in shares of Asana by 8.1% in the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company’s stock valued at $254,166,000 after acquiring an additional 937,726 shares during the period. Voloridge Investment Management LLC raised its position in 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 purchasing an additional 438,057 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Asana in the fourth quarter worth about $38,966,000. Geode Capital Management LLC lifted its stake in Asana by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock worth $21,605,000 after purchasing an additional 12,055 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Asana by 17.6% during the fourth quarter. First Trust Advisors LP now owns 1,743,981 shares of the company’s stock valued at $35,350,000 after buying an additional 261,298 shares during the period. 26.21% of the stock is currently owned by institutional investors.

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.