Asana (NYSE:ASAN) Given New $19.00 Price Target at Jefferies Financial Group

Asana (NYSE:ASAN) had its price objective increased by Jefferies Financial Group from $16.00 to $19.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a hold rating on the stock.

ASAN has been the subject of a number of other research reports. Piper Sandler raised shares of Asana from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $27.00 in a research note on Monday. JPMorgan Chase & Co. upped their target price on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Oppenheimer raised their price target on Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JMP Securities increased their price objective on Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a research report on Friday, December 6th. Finally, DA Davidson raised their price objective on Asana from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Asana has an average rating of “Hold” and a consensus price target of $17.27.

Asana Stock Up 5.9 %

Shares of NYSE ASAN opened at $21.83 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $17.92 and a 200-day moving average of $14.67. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -19.49 and a beta of 1.10. Asana has a 12 month low of $11.05 and a 12 month high of $27.77.

Insider Buying and Selling at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of the company’s 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. This represents a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 63.97% of the company’s stock.

Institutional Investors Weigh In On Asana

Several hedge funds have recently made changes to their positions in ASAN. JPMorgan Chase & Co. raised its holdings in Asana by 105.6% in the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock worth $9,650,000 after purchasing an additional 427,576 shares in the last quarter. Neo Ivy Capital Management increased its stake in shares of Asana by 195.1% in 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 in the last quarter. Geode Capital Management LLC lifted its position in Asana by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock valued at $21,605,000 after acquiring an additional 12,055 shares during the period. Barclays PLC boosted its stake in Asana by 103.0% during the third quarter. Barclays PLC now owns 165,753 shares of the company’s stock worth $1,920,000 after acquiring an additional 84,114 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Asana in the third quarter worth about $538,000. 26.21% of the stock is currently owned by institutional investors.

Asana Company Profile

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.