1 week Ago By Defense World Staff
Norges Bank acquired a new stake in Asana, Inc. (NYSE:ASAN – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 227,788 shares of the company’s stock, valued at approximately $4,617,000.
Norges Bank owned approximately 0.10% of Asana at the end of the most recent quarter. A number of other hedge funds have also recently made changes to their positions in ASAN.
KBC Group NV lifted its position in Asana by 58.8% in the 4th quarter. KBC Group NV now owns 5,612 shares of the company’s stock valued at $114,000 after acquiring an additional 2,078 shares in the last quarter.
Handelsbanken Fonder AB lifted its holdings in shares of Asana by 19.0% in the fourth quarter. Handelsbanken Fonder AB now owns 18,200 shares of the company’s stock valued at $369,000 after purchasing an additional 2,900 shares in the last quarter.
Bogart Wealth LLC purchased a new position in shares of Asana during the fourth quarter valued at approximately $61,000. New York State Common Retirement Fund grew its holdings in Asana by 13.6% during the fourth quarter.
New York State Common Retirement Fund now owns 25,300 shares of the company’s stock worth $513,000 after buying an additional 3,038 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd.
raised its position in Asana by 29.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 13,473 shares of the company’s stock valued at $278,000 after buying an additional 3,083 shares during the last quarter. 26.
21% of the stock is currently owned by institutional investors and hedge funds. Asana Trading Up 17.7 %Shares of ASAN opened at $16.
22 on Thursday. The firm’s 50 day simple moving average is $17.80 and its 200 day simple moving average is $17.
10. The company has a market capitalization of $3.78 billion, a P/E ratio of -14.
49 and a beta of 1.23. Asana, Inc.
has a 1-year low of $11.05 and a 1-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 Asana news, CEO Dustin A. Moskovitz purchased 225,000 shares of the stock in a transaction on Thursday, March 13th.
The stock was acquired at an average cost of $12.91 per share, with a total value of $2,904,750.00.
Following the completion of the purchase, the chief executive officer now directly owns 48,123,436 shares of the company’s stock, valued at approximately $621,273,558.76. This trade represents a 0.
47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Justin Rosenstein sold 200,000 shares of the company’s stock in a transaction dated Tuesday, January 28th.
The shares were sold at an average price of $21.67, for a total transaction of $4,334,000.00.
Following the sale, the director now owns 1,847,309 shares of the company’s stock, valued at approximately $40,031,186.03. The trade was a 9.
77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,799,507 shares of company stock valued at $25,714,743 and sold 739,842 shares valued at $15,155,503.
63.97% of the stock is currently owned by insiders. Wall Street Analysts Forecast GrowthA number of equities analysts have issued reports on ASAN shares.
Citigroup lifted their price objective on shares of Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th.
Scotiabank lowered their target price on Asana from $18.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Tuesday, March 11th.
Robert W. Baird reduced their price target on shares of Asana from $23.00 to $13.
00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Bank of America reduced their target price on shares of Asana from $30.00 to $25.
00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their target price on Asana from $15.
00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.67.View Our Latest Report on AsanaAbout Asana (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.Recommended StoriesFive stocks we like better than AsanaHow to invest in marijuana stocks in 7 steps Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreQuiet Period Expirations ExplainedAre Tariffs Threatening Disney’s Comeback Story?What Are Growth Stocks and Investing in Them Is Alphabet a Generational Buying Opportunity at These Levels?.
