3 days Ago By Defense World Staff
Stock analysts at Scotiabank assumed coverage on shares of Asana ( NYSE:ASAN – Get Free Report ) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set a “sector perform” rating and a $15.
00 price target on the stock. Scotiabank’s target price indicates a potential upside of 8.89% from the stock’s previous close.
Several other brokerages have also issued reports on ASAN. Royal Bank of Canada restated an “underperform” rating and set a $10.00 target price on shares of Asana in a research report on Wednesday, October 23rd.
JPMorgan Chase & Co. decreased their target price on Asana from $15.00 to $13.
00 and set an “underweight” rating on the stock in a report on Wednesday, September 4th. KeyCorp cut their price target on Asana from $12.00 to $10.
00 and set an “underweight” rating for the company in a report on Wednesday, September 4th. Bank of America reduced their price target on Asana from $18.00 to $16.
00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, JMP Securities lowered their price objective on Asana from $27.00 to $21.
00 and set a “market outperform” rating on the stock in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.
com, the stock has an average rating of “Hold” and an average price target of $14.27. Read Our Latest Research Report on Asana Asana Stock Performance Asana ( NYSE:ASAN – Get Free Report ) last posted its earnings results on Tuesday, September 3rd.
The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.
03. The business had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.
68 million. Asana had a negative net margin of 37.73% and a negative return on equity of 81.
88%. The firm’s revenue was up 10.3% on a year-over-year basis.
During the same quarter in the previous year, the firm posted ($0.31) EPS. As a group, equities research analysts expect that Asana will post -1.
14 earnings per share for the current year. Insider Buying and Selling In other Asana news, insider Eleanor B. Lacey sold 4,977 shares of the company’s stock in a transaction on Monday, September 23rd.
The stock was sold at an average price of $11.79, for a total value of $58,678.83.
Following the transaction, the insider now owns 370,333 shares of the company’s stock, valued at $4,366,226.07. This represents a 1.
33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, COO Anne Raimondi sold 29,807 shares of Asana stock in a transaction on Friday, September 20th.
The stock was sold at an average price of $11.99, for a total value of $357,385.93.
Following the sale, the chief operating officer now owns 761,088 shares of the company’s stock, valued at approximately $9,125,445.12. This trade represents a 3.
77 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 44,092 shares of company stock worth $527,668 over the last three months.
63.97% of the stock is owned by insiders. Institutional Trading of Asana A number of large investors have recently modified their holdings of the company.
Headlands Technologies LLC lifted its stake 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 acquiring an additional 2,220 shares during the period.
KBC Group NV lifted its position in shares of Asana by 52.1% in the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after purchasing an additional 1,211 shares during the period.
Quest Partners LLC bought a new position in shares of Asana during the third quarter valued at approximately $43,000. Redwood Wealth Management Group LLC bought a new position in shares of Asana during the second quarter valued at approximately $65,000. Finally, Daiwa Securities Group Inc.
increased its holdings in Asana by 26.0% during the second quarter. Daiwa Securities Group Inc.
now owns 4,983 shares of the company’s stock valued at $70,000 after buying an additional 1,028 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.
About Asana ( 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. Further Reading Five stocks we like better than Asana Why Are These Companies Considered Blue Chips? Super Micro Computer Soars 28%: Is It Really Out of the Woods? Quiet Period Expirations Explained Traders Are Flocking Back to Oil: What’s Fueling the Optimism The Risks of Owning Bonds 3 Hot Stock Trends to Ride Into 2025 Receive News & Ratings for Asana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asana and related companies with MarketBeat.
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