Cambridge Investment Research Advisors Inc. bought a new position in Asana, Inc. (NYSE:ASAN – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,066 shares of the company’s stock, valued at approximately $224,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC grew its holdings in shares of Asana by 11.9% in the first quarter. Virtu Financial LLC now owns 6,195 shares of the company’s stock worth $248,000 after purchasing an additional 658 shares during the last quarter. Gables Capital Management Inc. boosted its holdings in Asana by 30.4% in the second quarter. Gables Capital Management Inc. now owns 3,000 shares of the company’s stock valued at $53,000 after acquiring an additional 700 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its holdings in Asana by 2.4% in the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 35,743 shares of the company’s stock valued at $795,000 after acquiring an additional 837 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Asana by 0.5% in the second quarter. JPMorgan Chase & Co. now owns 181,152 shares of the company’s stock valued at $3,185,000 after acquiring an additional 840 shares in the last quarter. Finally, FMR LLC boosted its holdings in Asana by 120.4% in the second quarter. FMR LLC now owns 1,578 shares of the company’s stock valued at $28,000 after acquiring an additional 862 shares in the last quarter. Institutional investors own 28.22% of the company’s stock.
Asana Price Performance
ASAN opened at $14.33 on Monday. The stock has a 50-day moving average price of $15.61 and a 200-day moving average price of $19.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market cap of $3.05 billion, a PE ratio of -6.89 and a beta of 1.18. Asana, Inc. has a 1 year low of $11.32 and a 1 year high of $74.89.
Analyst Upgrades and Downgrades
ASAN has been the topic of several recent analyst reports. Citigroup cut their price target on shares of Asana from $21.00 to $19.00 in a report on Friday, December 2nd. Robert W. Baird cut shares of Asana from an “outperform” rating to a “neutral” rating and cut their price target for the company from $32.00 to $15.00 in a report on Friday, December 2nd. Morgan Stanley lowered their price objective on Asana from $26.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, December 2nd. KeyCorp initiated coverage on Asana in a research report on Thursday, October 13th. They set a “sector weight” rating for the company. Finally, Moffett Nathanson initiated coverage on Asana in a research report on Thursday, September 22nd. They set a “market perform” rating and a $26.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Asana has a consensus rating of “Hold” and a consensus price target of $21.77.
Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings.
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