Asana, Inc. (NYSE:ASAN – Get Free Report) CFO Tim M. Wan sold 5,000 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $18.18, for a total transaction of $90,900.00. Following the sale, the chief financial officer now owns 779,553 shares of the company’s stock, valued at approximately $14,172,273.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Asana Stock Performance
ASAN stock opened at $18.07 on Monday. Asana, Inc. has a fifty-two week low of $11.32 and a fifty-two week high of $26.27. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.97 billion, a P/E ratio of -11.73 and a beta of 1.30. The company has a 50-day simple moving average of $18.96 and a 200 day simple moving average of $20.23.
Asana (NYSE:ASAN – Get Free Report) last issued its quarterly earnings results on Tuesday, September 5th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. Asana had a negative net margin of 54.21% and a negative return on equity of 87.79%. The company had revenue of $162.46 million during the quarter, compared to the consensus estimate of $157.91 million. During the same period in the prior year, the company earned ($0.59) EPS. Asana’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts predict that Asana, Inc. will post -1.34 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Investors Weigh In On Asana
Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in Asana by 118.7% in the 1st quarter. US Bancorp DE now owns 1,216 shares of the company’s stock valued at $26,000 after acquiring an additional 660 shares during the last quarter. FMR LLC lifted its holdings in Asana by 120.4% in the 2nd quarter. FMR LLC now owns 1,578 shares of the company’s stock valued at $28,000 after acquiring an additional 862 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Asana in the 1st quarter valued at about $33,000. Allspring Global Investments Holdings LLC lifted its holdings in Asana by 1,015.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock valued at $46,000 after acquiring an additional 2,294 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Asana by 47.0% during the 1st quarter. Advisors Asset Management Inc. now owns 2,715 shares of the company’s stock worth $109,000 after buying an additional 868 shares during the period. 26.21% of the stock is owned by institutional investors and hedge funds.
Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations 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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