Asana, Inc. (NYSE:ASAN) COO Anne Raimondi Sells 18,775 Shares

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 18,775 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $14.03, for a total transaction of $263,413.25. Following the sale, the chief operating officer now directly owns 716,580 shares of the company’s stock, valued at $10,053,617.40. This represents a 2.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Asana Price Performance

ASAN opened at $15.07 on Tuesday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -13.45 and a beta of 1.13. 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 stock’s 50-day moving average price is $19.32 and its 200 day moving average price is $16.88. Asana, Inc. has a 12-month low of $11.05 and a 12-month high of $27.77.

Analyst Ratings Changes

Several analysts recently commented on ASAN shares. JMP Securities set a $22.00 price objective on Asana in a research note on Tuesday, March 11th. Robert W. Baird decreased their price target on shares of Asana from $23.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price target on shares of Asana from $15.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated an “underperform” rating and issued a $10.00 price objective on shares of Asana in a report on Friday, December 6th. Finally, Bank of America lowered their price target on shares of Asana from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV lifted its holdings in Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after buying an additional 1,211 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Asana in the third quarter valued at $43,000. Intech Investment Management LLC purchased a new position in Asana in the third quarter valued at $456,000. Quantbot Technologies LP grew its stake in Asana by 157.7% during the 3rd quarter. Quantbot Technologies LP now owns 26,008 shares of the company’s stock worth $301,000 after purchasing an additional 15,917 shares in the last quarter. Finally, FMR LLC increased its holdings in Asana by 1,419.9% during the 3rd quarter. FMR LLC now owns 24,029 shares of the company’s stock worth $278,000 after purchasing an additional 22,448 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.

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.