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

Asana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz bought 225,000 shares of the stock in a transaction dated Thursday, April 10th. The stock was purchased at an average cost of $15.64 per share, for a total transaction of $3,519,000.00. Following the acquisition, the chief executive officer now owns 51,272,943 shares in the company, valued at $801,908,828.52. The trade was a 0.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Asana Stock Up 0.5 %

Shares of NYSE ASAN opened at $15.56 on Friday. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The firm’s 50-day moving average is $17.56 and its 200-day moving average is $17.16. 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 firm has a market capitalization of $3.63 billion, a PE ratio of -13.89 and a beta of 1.23.

Analyst Upgrades and Downgrades

A number of research firms have commented on ASAN. Morgan Stanley reduced their price target on shares of Asana from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird decreased their price target on Asana from $23.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Citigroup raised their price target on Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. DA Davidson decreased their target price on Asana from $20.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group lowered their target price on Asana from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.67.

Hedge Funds Weigh In On Asana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. lifted its stake in shares of Asana by 6.5% in the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock valued at $320,000 after purchasing an additional 959 shares during the period. Quarry LP acquired a new position in Asana in the fourth quarter valued at about $29,000. KBC Group NV boosted its holdings in Asana by 58.8% during the fourth quarter. KBC Group NV now owns 5,612 shares of the company’s stock worth $114,000 after buying an additional 2,078 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Asana by 5.8% during 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 period. Finally, MetLife Investment Management LLC grew its position in shares of Asana by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 49,483 shares of the company’s stock worth $1,003,000 after buying an additional 2,668 shares during the period. 26.21% of the stock is 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.