Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein Sells 150,000 Shares

Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein sold 150,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $19.76, for a total value of $2,964,000.00. Following the completion of the transaction, the director now owns 1,097,309 shares of the company’s stock, valued at $21,682,825.84. The trade was a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Justin Rosenstein also recently made the following trade(s):

• On Tuesday, February 4th, Justin Rosenstein sold 196,067 shares of Asana stock. The stock was sold at an average price of $21.78, for a total value of $4,270,339.26.
• On Tuesday, January 28th, Justin Rosenstein sold 200,000 shares of Asana stock. The shares were sold at an average price of $21.67, for a total transaction of $4,334,000.00.
• On Thursday, January 23rd, Justin Rosenstein sold 150,000 shares of Asana stock. The stock was sold at an average price of $20.01, for a total transaction of $3,001,500.00.

Asana Stock Performance

Shares of ASAN stock opened at $19.48 on Thursday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -17.39 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. Asana, Inc. has a one year low of $11.05 and a one year high of $27.77. The company’s 50-day moving average is $21.09 and its 200 day moving average is $16.55.

Institutional Trading of Asana

A number of large investors have recently made changes to their positions in ASAN. Quarry LP bought a new position in shares of Asana in the 4th quarter worth approximately $29,000. KBC Group NV increased its holdings in Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares during the last quarter. Quest Partners LLC bought a new position in Asana in the third quarter worth approximately $43,000. Bogart Wealth LLC purchased a new position in shares of Asana during the 4th quarter worth $61,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Asana during the 4th quarter valued at $82,000. 26.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup increased their target price on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research note on Friday, December 6th. Morgan Stanley raised their price target on Asana from $14.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, Oppenheimer boosted their price objective on Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.73.

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.