Quest Partners LLC Buys Shares of 13,668 Asana, Inc. (NYSE:ASAN)

Quest Partners LLC purchased a new position in Asana, Inc. (NYSE:ASANFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,668 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASAN. Vanguard Group Inc. increased its holdings in Asana by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,213,830 shares of the company’s stock worth $168,705,000 after acquiring an additional 434,003 shares during the period. Norges Bank purchased a new position in shares of Asana during the 4th quarter valued at $7,500,000. Canada Pension Plan Investment Board increased its holdings in shares of Asana by 252.9% in the third quarter. Canada Pension Plan Investment Board now owns 232,200 shares of the company’s stock worth $4,252,000 after purchasing an additional 166,400 shares during the period. Neo Ivy Capital Management raised its position in shares of Asana by 8,952.1% in the third quarter. Neo Ivy Capital Management now owns 97,220 shares of the company’s stock worth $1,780,000 after buying an additional 96,146 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in Asana by 83.7% during the third quarter. Trexquant Investment LP now owns 202,709 shares of the company’s stock valued at $3,712,000 after buying an additional 92,387 shares during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.

Asana Price Performance

Shares of NYSE:ASAN opened at $14.45 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.13. Asana, Inc. has a 52 week low of $13.34 and a 52 week high of $26.27. The stock has a market cap of $3.25 billion, a PE ratio of -12.35 and a beta of 1.22. The company’s fifty day moving average is $15.07 and its 200 day moving average is $17.70.

Asana (NYSE:ASANGet Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. Asana had a negative net margin of 39.39% and a negative return on equity of 75.22%. The business had revenue of $171.14 million for the quarter, compared to analyst estimates of $167.59 million. Research analysts anticipate that Asana, Inc. will post -1.08 earnings per share for the current year.

Insider Activity at Asana

In other Asana news, CFO Tim M. Wan sold 10,105 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $15.38, for a total transaction of $155,414.90. Following the completion of the transaction, the chief financial officer now owns 753,888 shares of the company’s stock, valued at $11,594,797.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Asana news, CFO Tim M. Wan sold 10,105 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $15.38, for a total value of $155,414.90. Following the sale, the chief financial officer now owns 753,888 shares in the company, valued at $11,594,797.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tim M. Wan sold 10,000 shares of Asana stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the transaction, the chief financial officer now owns 753,888 shares of the company’s stock, valued at $11,308,320. The disclosure for this sale can be found here. Insiders have sold a total of 51,733 shares of company stock worth $788,886 in the last 90 days. Company insiders own 63.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. KeyCorp started coverage on Asana in a research note on Thursday, March 21st. They issued an “underweight” rating and a $14.00 target price on the stock. Bank of America assumed coverage on shares of Asana in a research note on Monday, February 26th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, UBS Group cut their price target on shares of Asana from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.42.

Check Out Our Latest Analysis on Asana

Asana Company Profile

(Free Report)

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; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.

Featured Articles

Want to see what other hedge funds are holding ASAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asana, Inc. (NYSE:ASANFree Report).

Institutional Ownership by Quarter for Asana (NYSE:ASAN)

Receive News & Ratings for Asana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asana and related companies with MarketBeat.com's FREE daily email newsletter.