Asana, Inc. (NYSE:ASAN – Get Free Report) insider Katie Colendich sold 7,436 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $9.53, for a total transaction of $70,865.08. Following the completion of the sale, the insider directly owned 170,163 shares of the company’s stock, valued at $1,621,653.39. The trade was a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Katie Marie Colendich also recently made the following trade(s):
- On Tuesday, September 22nd, Katie Colendich sold 8,474 shares of Asana stock. The shares were sold at an average price of $9.77, for a total transaction of $82,790.98.
- On Friday, June 26th, Katie Colendich sold 5,242 shares of Asana stock. The stock was sold at an average price of $6.68, for a total transaction of $35,016.56.
Asana Stock Performance
NYSE:ASAN opened at $9.04 on Friday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -13.70 and a beta of 0.95. Asana, Inc. has a one year low of $5.38 and a one year high of $15.48. The stock has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $7.56.
Analyst Upgrades and Downgrades
ASAN has been the topic of several research analyst reports. Zacks Research cut Asana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research note on Wednesday, August 5th. Barclays lowered shares of Asana to an “outperform” rating in a report on Monday, August 24th. Robert W. Baird increased their price objective on shares of Asana from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Finally, KeyCorp cut their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.95.
View Our Latest Research Report on ASAN
Institutional Investors Weigh In On Asana
Several institutional investors have recently bought and sold shares of ASAN. Arrowstreet Capital Limited Partnership lifted its holdings in Asana by 37.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock worth $45,979,000 after purchasing an additional 1,969,657 shares during the period. Bank of America Corp DE increased its stake in Asana by 92.6% during the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after buying an additional 1,075,572 shares during the period. First Trust Advisors LP raised its position in shares of Asana by 12.9% during the 1st quarter. First Trust Advisors LP now owns 1,988,739 shares of the company’s stock worth $12,728,000 after buying an additional 227,204 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Asana by 705.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock worth $18,850,000 after buying an additional 1,204,232 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of 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 acquiring an additional 461,858 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.
About Asana
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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