Asana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz Purchases 225,000 Shares

Asana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz acquired 225,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $14.72 per share, with a total value of $3,312,000.00. Following the acquisition, the chief executive officer now owns 50,372,943 shares in the company, valued at $741,489,720.96. The trade was a 0.45 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Asana Stock Down 0.3 %

ASAN opened at $13.74 on Wednesday. The firm has a market capitalization of $3.20 billion, a P/E ratio of -12.26 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The company has a fifty day moving average price of $18.01 and a 200-day moving average price of $17.08. Asana, Inc. has a one year low of $11.05 and a one year high of $27.77.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ASAN. Morgan Stanley lowered their target price on Asana from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. UBS Group decreased their price objective on shares of Asana from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group lowered their target price on Asana from $19.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on Asana from $15.00 to $13.00 and set an “underweight” rating for the company in a research note on Tuesday, March 11th. Finally, Bank of America reduced their target price on shares of Asana from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.67.

Institutional Trading of Asana

A number of hedge funds have recently made changes to their positions in ASAN. Vise Technologies Inc. increased its stake in Asana by 6.5% in the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock worth $320,000 after purchasing an additional 959 shares during the period. Quarry LP bought a new position in Asana in the fourth quarter worth $29,000. KBC Group NV lifted its position in Asana by 58.8% during 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Asana by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company’s stock worth $937,000 after buying an additional 2,538 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Asana by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 49,483 shares of the company’s stock worth $1,003,000 after acquiring an additional 2,668 shares during the last quarter. 26.21% of the stock is owned by institutional investors.

About Asana

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.