Asana, Inc. (NYSE:ASAN – Get Rating) saw unusually large options trading activity on Tuesday. Traders acquired 13,222 call options on the stock. This represents an increase of 122% compared to the average daily volume of 5,968 call options.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ASAN. Jefferies Financial Group upped their price target on shares of Asana from $15.00 to $23.00 in a research note on Thursday, March 9th. Robert W. Baird lifted their price objective on shares of Asana from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, March 9th. Credit Suisse Group reiterated a “neutral” rating and issued a $18.00 target price on shares of Asana in a report on Monday, March 13th. JMP Securities reiterated a “market outperform” rating and issued a $28.00 target price on shares of Asana in a research report on Thursday, April 6th. Finally, Morgan Stanley upped their price objective on Asana from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, March 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.84.
Insider Transactions at Asana
In other news, CFO Tim M. Wan sold 20,000 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $21.31, for a total value of $426,200.00. Following the completion of the sale, the chief financial officer now owns 607,051 shares in the company, valued at $12,936,256.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Asana news, insider Eleanor B. Lacey sold 1,321 shares of Asana stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $20.86, for a total transaction of $27,556.06. Following the completion of the sale, the insider now directly owns 165,300 shares in the company, valued at $3,448,158. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tim M. Wan sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $21.31, for a total transaction of $426,200.00. Following the completion of the sale, the chief financial officer now owns 607,051 shares of the company’s stock, valued at $12,936,256.81. The disclosure for this sale can be found here. Insiders sold a total of 25,346 shares of company stock worth $538,214 over the last three months. 61.87% of the stock is owned by company insiders.
Institutional Investors Weigh In On Asana
Asana Stock Performance
Shares of ASAN opened at $20.88 on Wednesday. The stock has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $16.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $4.48 billion, a PE ratio of -10.24 and a beta of 1.34. Asana has a 1 year low of $11.32 and a 1 year high of $29.51.
Asana (NYSE:ASAN – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.07. The business had revenue of $150.23 million during the quarter, compared to analysts’ expectations of $145.13 million. Asana had a negative return on equity of 159.46% and a negative net margin of 74.52%. On average, analysts predict that Asana will post -1.48 earnings per share for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on Asana (ASAN)
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