Asana (NASDAQ:ASAN) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Asana (NASDAQ:ASAN) in a report published on Monday, The Fly reports. The brokerage issued an outperform rating and a $30.00 price target on the stock.

A number of other research firms also recently weighed in on ASAN. Jefferies Financial Group began coverage on Asana in a research report on Monday. They set a buy rating and a $30.00 target price on the stock. JMP Securities began coverage on Asana in a research report on Monday. They set an outperform rating and a $31.00 target price on the stock. Piper Sandler began coverage on Asana in a research report on Monday. They set a neutral rating and a $25.00 target price on the stock. Sanford C. Bernstein began coverage on Asana in a research report on Friday, October 9th. They set an underperform rating and a $19.00 target price on the stock. Finally, Morgan Stanley began coverage on Asana in a research report on Monday. They set an equal weight rating and a $27.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $26.67.

Shares of NASDAQ:ASAN opened at $23.18 on Monday. Asana has a 52-week low of $22.86 and a 52-week high of $29.96.

In other news, major shareholder Steven M. Spurlock sold 775,040 shares of Asana stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $27.91, for a total value of $21,631,366.40. Also, insider Eleanor B. Lacey sold 10,000 shares of Asana stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $25.92, for a total transaction of $259,200.00. Following the completion of the transaction, the insider now owns 90,398 shares of the company’s stock, valued at approximately $2,343,116.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 788,438 shares of company stock valued at $21,977,283.

Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Asana in the third quarter valued at approximately $115,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Asana in the third quarter valued at approximately $130,000. Finally, Hamilton Lane Advisors LLC bought a new position in shares of Asana in the third quarter valued at approximately $4,010,000.

Asana Company Profile

Asana, Inc operates a work management platform for individuals, team leads, and executives. It provides work management platform as software as service that enables individuals and teams to get work done faster while enhancing employee engagement by allowing everyone to see how their work connects to the broader mission of an organization.

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Analyst Recommendations for Asana (NASDAQ:ASAN)

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