Asana, Inc. (NYSE:ASAN – Get Free Report) insider Katie Marie Colendich sold 5,242 shares of Asana stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the sale, the insider directly owned 176,598 shares in the company, valued at $1,179,674.64. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Katie Marie Colendich also recently made the following trade(s):
- On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The shares were sold at an average price of $6.74, for a total value of $56,191.38.
- On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The shares were sold at an average price of $6.66, for a total value of $50,929.02.
Asana Trading Down 0.2%
ASAN traded down $0.01 on Tuesday, hitting $6.99. 5,214,736 shares of the company’s stock were exchanged, compared to its average volume of 6,165,564. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The firm has a 50-day moving average price of $6.86 and a 200-day moving average price of $8.52. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -10.13 and a beta of 1.02.
Institutional Investors Weigh In On Asana
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Asana by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after purchasing an additional 2,328 shares during the last quarter. Empowered Funds LLC boosted its stake in Asana by 40.9% during the first quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after buying an additional 7,381 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Asana by 14.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after acquiring an additional 32,708 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Asana during the second quarter valued at about $158,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Asana in the 2nd quarter valued at approximately $160,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.
Analyst Ratings Changes
ASAN has been the topic of several recent research reports. Citigroup restated a “market outperform” rating on shares of Asana in a report on Friday, May 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Royal Bank Of Canada lifted their price objective on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. UBS Group reissued a “neutral” rating and set a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Finally, Morgan Stanley dropped their target price on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.27.
View Our Latest Research Report on Asana
About Asana
Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.
Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.
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