Asana, Inc. (NYSE:ASAN – Get Free Report) CEO Daniel Rogers sold 300,937 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $9.53, for a total value of $2,867,929.61. Following the transaction, the chief executive officer owned 1,624,894 shares of the company’s stock, valued at $15,485,239.82. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Daniel Mark Rogers also recently made the following trade(s):
- On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The shares were sold at an average price of $9.13, for a total value of $1,371,097.75.
- On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The shares were sold at an average price of $10.00, for a total transaction of $16,550.00.
- On Tuesday, June 30th, Daniel Rogers sold 13,790 shares of Asana stock. The stock was sold at an average price of $6.89, for a total transaction of $95,013.10.
Asana Trading Up 4.6%
Shares of Asana stock traded up $0.41 during mid-day trading on Wednesday, reaching $9.49. 8,536,562 shares of the stock were exchanged, compared to its average volume of 6,187,731. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -14.39 and a beta of 0.95. The firm has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $7.53. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.48.
Analyst Ratings Changes
ASAN has been the topic of several recent analyst reports. Zacks Research downgraded Asana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Barclays cut Asana to an “outperform” rating in a report on Monday, August 24th. Robert W. Baird boosted their price objective on Asana from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Piper Sandler boosted their price objective on Asana from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Finally, DA Davidson increased their target price on Asana from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Asana has a consensus rating of “Hold” and an average price target of $9.95.
Check Out Our Latest Analysis on ASAN
Hedge Funds Weigh In On Asana
A number of large investors have recently modified their holdings of ASAN. Sequoia Financial Advisors LLC bought a new stake in shares of Asana during the second quarter valued at approximately $88,000. Integrated Wealth Concepts LLC bought a new position in Asana in the 2nd quarter worth approximately $164,000. Squarepoint Ops LLC raised its position in Asana by 108.3% in the 2nd quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock worth $6,217,000 after purchasing an additional 461,858 shares during the last quarter. Allworth Financial LP lifted its holdings in Asana by 193.4% during the 2nd quarter. Allworth Financial LP now owns 13,195 shares of the company’s stock worth $92,000 after buying an additional 8,698 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new position in Asana during the 2nd quarter worth $451,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.
Asana Company Profile
Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks and team workflows. Its platform is designed to improve collaboration, planning and visibility across departments, enabling users to assign work, set deadlines, track progress and manage priorities in one system.
Asana’s products and features include project and task management, workflow automation, project portfolios, goals and reporting tools, team collaboration capabilities, and integrations with other business applications.
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