19 hours Ago By ABMN Staff
Empowered Funds LLC bought a new stake in shares of Asana, Inc. ( NYSE:ASAN – Free Report ) in the fourth quarter, Holdings Channel.com reports.
The firm bought 18,060 shares of the company’s stock, valued at approximately $366,000. Several other institutional investors and hedge funds have also recently bought and sold shares of ASAN. Geode Capital Management LLC raised its holdings in shares of Asana by 0.
7% during the third quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock valued at $21,605,000 after buying an additional 12,055 shares during the last quarter. JPMorgan Chase & Co.
raised its stake in Asana by 105.6% during the 3rd quarter. JPMorgan Chase & Co.
now owns 832,598 shares of the company’s stock valued at $9,650,000 after acquiring an additional 427,576 shares in the last quarter. Holocene Advisors LP boosted its position in Asana by 62.2% during the 3rd quarter.
Holocene Advisors LP now owns 305,167 shares of the company’s stock worth $3,537,000 after acquiring an additional 116,998 shares during the period. Neo Ivy Capital Management boosted its position in Asana by 195.1% during the 3rd quarter.
Neo Ivy Capital Management now owns 169,454 shares of the company’s stock worth $1,964,000 after acquiring an additional 112,038 shares during the period. Finally, Barclays PLC grew its stake in shares of Asana by 103.0% in the third quarter.
Barclays PLC now owns 165,753 shares of the company’s stock worth $1,920,000 after purchasing an additional 84,114 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Asana from $13.
00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Royal Bank of Canada restated an “underperform” rating and set a $10.
00 price target on shares of Asana in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of Asana from $13.
00 to $15.00 and gave the company an “underweight” rating in a report on Friday, December 6th. JMP Securities raised their price objective on shares of Asana from $21.
00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday, December 6th. Finally, Scotiabank upped their target price on Asana from $15.
00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.73.
Insider Transactions at Asana In related news, Director Justin Rosenstein sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total value of $4,334,000.
00. Following the completion of the sale, the director now owns 1,847,309 shares in the company, valued at approximately $40,031,186.03.
This represents a 9.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction that occurred 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 transaction, the chief operating officer now owns 733,855 shares in the company, valued at approximately $15,931,992.05.
The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 573,300 shares of company stock valued at $12,197,068 over the last three months. Company insiders own 63.97% of the company’s stock.
Asana Price Performance Shares of NYSE:ASAN opened at $22.00 on Friday. The company has a market capitalization of $5.
03 billion, a PE ratio of -19.64 and a beta of 1.11.
The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.
49. The stock has a fifty day moving average of $21.54 and a 200-day moving average of $16.
32. Asana, Inc. has a one year low of $11.
05 and a one year high of $27.77. Asana Profile ( 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. See Also Want to see what other hedge funds are holding ASAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asana, Inc.
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