Asana, Inc. (NYSE:ASAN) Shares Sold by Credit Suisse AG

Credit Suisse AG reduced its stake in shares of Asana, Inc. (NYSE:ASAN – Get Rating) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,029 shares of the company’s stock after selling 6,406 shares during the quarter. Credit Suisse AG’s holdings in Asana were worth $1,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ASAN. FMR LLC increased its stake 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 purchasing an additional 862 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Asana by 311.5% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,469 shares of the company’s stock valued at $55,000 after purchasing an additional 1,869 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in Asana by 48.1% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 4,366 shares of the company’s stock valued at $77,000 after purchasing an additional 1,418 shares during the period. Advisors Asset Management Inc. increased its stake in Asana by 47.0% in the first quarter. Advisors Asset Management Inc. now owns 2,715 shares of the company’s stock valued at $109,000 after purchasing an additional 868 shares during the period. Finally, BloombergSen Inc. increased its stake in Asana by 116.0% in the second quarter. BloombergSen Inc. now owns 10,800 shares of the company’s stock valued at $190,000 after purchasing an additional 5,800 shares during the period. 28.22% of the stock is currently owned by institutional investors and hedge funds.

Asana Stock Performance

Shares of ASAN opened at $17.80 on Thursday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.79 billion, a P/E ratio of -8.56 and a beta of 1.23. The company has a 50-day moving average of $14.90 and a two-hundred day moving average of $17.78. Asana, Inc. has a 12-month low of $11.32 and a 12-month high of $49.73.

Wall Street Analysts Forecast Growth

ASAN has been the topic of a number of recent research reports. Oppenheimer dropped their price objective on shares of Asana to $25.00 in a research note on Friday, December 2nd. JPMorgan Chase & Co. lowered their target price on shares of Asana from $22.00 to $19.00 and set an “underweight” rating on the stock in a report on Monday, November 28th. Royal Bank of Canada lowered their target price on shares of Asana from $15.00 to $12.00 in a report on Friday, December 2nd. JMP Securities lowered their target price on shares of Asana from $28.00 to $21.00 and set a “market outperform” rating on the stock in a report on Monday, January 9th. Finally, Citigroup lowered their target price on shares of Asana from $21.00 to $19.00 in a report on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.77.

About Asana

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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.