2 weeks Ago By ABMN Staff
Shares of Asana, Inc. ( NYSE:ASAN – Get Free Report ) have been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company.
The average 1 year price objective among brokerages that have covered the stock in the last year is $14.67. Several equities research analysts recently issued reports on the company.
DA Davidson reiterated a “neutral” rating and issued a $11.00 price objective (down previously from $14.00) on shares of Asana in a report on Wednesday, September 4th.
Morgan Stanley reduced their price target on shares of Asana from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th.
HSBC raised shares of Asana from a “reduce” rating to a “hold” rating and lowered their price objective for the company from $16.00 to $14.00 in a research note on Monday, June 3rd.
Citigroup cut their target price on shares of Asana from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th.
Finally, Piper Sandler decreased their target price on Asana from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th.
Read Our Latest Report on Asana Asana Stock Up 0.2 % Asana ( NYSE:ASAN – Get Free Report ) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.
05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03.
Asana had a negative net margin of 37.73% and a negative return on equity of 81.88%.
The business had revenue of $179.21 million for the quarter, compared to the consensus estimate of $177.68 million.
During the same period in the previous year, the firm earned ($0.31) EPS. The business’s revenue was up 10.
3% on a year-over-year basis. Sell-side analysts expect that Asana will post -1.14 EPS for the current year.
Asana announced that its Board of Directors has authorized a share buyback program on Thursday, June 20th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 5.
6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued. Insider Activity at Asana In other news, CFO Tim M.
Wan sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.
00. Following the completion of the sale, the chief financial officer now owns 1,050,284 shares in the company, valued at $15,754,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
In other Asana news, CFO Tim M. Wan sold 5,000 shares of Asana stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $15.
00, for a total value of $75,000.00. Following the sale, the chief financial officer now owns 1,063,909 shares of the company’s stock, valued at approximately $15,958,635.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CFO Tim M. Wan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 17th.
The stock was sold at an average price of $15.00, for a total value of $150,000.00.
Following the transaction, the chief financial officer now directly owns 1,050,284 shares of the company’s stock, valued at $15,754,260. The disclosure for this sale can be found here . Insiders have sold 59,092 shares of company stock worth $752,668 in the last quarter.
Company insiders own 63.97% of the company’s stock. Hedge Funds Weigh In On Asana Large investors have recently made changes to their positions in the stock.
Headlands Technologies LLC raised its holdings in Asana by 327.9% during the second quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock worth $41,000 after purchasing an additional 2,220 shares during the last quarter.
Edmond DE Rothschild Holding S.A. increased its position in shares of Asana by 26.
2% in the fourth quarter. Edmond DE Rothschild Holding S.A.
now owns 3,225 shares of the company’s stock valued at $61,000 after buying an additional 669 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of Asana during the 2nd quarter worth $65,000. Daiwa Securities Group Inc.
boosted its position in shares of Asana by 26.0% in the 2nd 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. Finally, Benjamin F. Edwards & Company Inc.
boosted its position in shares of Asana by 139.3% in the 2nd quarter. Benjamin F.
Edwards & Company Inc. now owns 6,673 shares of the company’s stock worth $93,000 after buying an additional 3,885 shares in the last quarter. Hedge funds and other institutional investors own 26.
21% of the company’s stock. Asana Company Profile ( Get Free Report 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.
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