1 week Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its stake in Asana, Inc. (NYSE:ASAN – Free Report) by 8.
6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 761,221 shares of the company’s stock after selling 71,377 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.33% of Asana worth $15,430,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently modified their holdings of the stock.
XTX Topco Ltd purchased a new position in Asana in the third quarter valued at approximately $538,000. Virtu Financial LLC purchased a new position in shares of Asana during the 4th quarter valued at $2,349,000. Charles Schwab Investment Management Inc.
grew its stake in shares of Asana by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 694,792 shares of the company’s stock worth $14,083,000 after acquiring an additional 48,831 shares during the period. Friedenthal Financial bought a new stake in Asana in the 4th quarter valued at about $762,000. Finally, Teacher Retirement System of Texas purchased a new stake in Asana during the fourth quarter valued at about $1,310,000.
26.21% of the stock is owned by institutional investors. Asana Price PerformanceASAN stock opened at $15.
56 on Friday. The firm has a 50 day simple moving average of $17.56 and a two-hundred day simple moving average of $17.
16. The stock has a market cap of $3.63 billion, a PE ratio of -13.
89 and a beta of 1.23. Asana, Inc.
has a one year low of $11.05 and a one year high of $27.77.
The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.
49. Insider Transactions at AsanaIn other news, CEO Dustin A. Moskovitz acquired 225,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th.
The shares were bought at an average cost of $12.91 per share, with a total value of $2,904,750.00.
Following the acquisition, the chief executive officer now owns 48,123,436 shares in the company, valued at approximately $621,273,558.76. This represents a 0.
47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th.
The stock was 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 of the company’s stock, valued at $40,031,186.03. The trade was a 9.
77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,024,507 shares of company stock valued at $29,233,743 and sold 739,842 shares valued at $15,155,503.
63.97% of the stock is currently owned by insiders. Analyst Upgrades and DowngradesASAN has been the subject of several recent research reports.
Citigroup lifted their target price 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.
JPMorgan Chase & Co. lowered their target price on shares of Asana from $15.00 to $13.
00 and set an “underweight” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird dropped their target price on Asana from $23.
00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Bank of America reduced their price target on Asana from $30.
00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, DA Davidson dropped their price objective on Asana from $20.
00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, Asana presently has a consensus rating of “Hold” and a consensus target price of $15.67.
Check Out Our Latest Research Report on AsanaAsana Company 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.Featured ArticlesFive stocks we like better than AsanaThe Basics of Support and ResistanceRobinhood Strategies Could Be a Game-Changer for Young InvestorsWhy Understanding Call Option Volume is Essential to Successful Options TradingAre These 3 Retail Stocks Oversold or Really in Trouble?What Are Dividend Contenders? Investing in Dividend ContendersIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are AheadWant to see what other hedge funds are holding ASAN? Visit HoldingsChannel.
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