Asana, Inc. (NYSE:ASAN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Asana, Inc. (NYSE:ASANFree Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 696,277 shares of the company’s stock after purchasing an additional 43,564 shares during the period. Charles Schwab Investment Management Inc. owned about 0.31% of Asana worth $13,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ASAN. Vanguard Group Inc. raised its holdings in Asana by 4.9% in the third quarter. Vanguard Group Inc. now owns 9,213,830 shares of the company’s stock valued at $168,705,000 after acquiring an additional 434,003 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Asana in the 4th quarter worth about $197,000. Trexquant Investment LP raised its stake in shares of Asana by 83.7% in the 3rd quarter. Trexquant Investment LP now owns 202,709 shares of the company’s stock valued at $3,712,000 after purchasing an additional 92,387 shares in the last quarter. Dark Forest Capital Management LP lifted its position in shares of Asana by 132.9% during the third quarter. Dark Forest Capital Management LP now owns 55,177 shares of the company’s stock worth $1,010,000 after purchasing an additional 31,489 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in 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 in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Stock Down 3.2 %

Asana stock opened at $13.99 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 1.80. Asana, Inc. has a one year low of $13.34 and a one year high of $26.27. The company has a 50-day simple moving average of $15.01 and a 200-day simple moving average of $17.63. The firm has a market capitalization of $3.15 billion, a P/E ratio of -11.96 and a beta of 1.22.

Asana (NYSE:ASANGet Free Report) last posted its earnings results on Monday, March 11th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.06. The firm had revenue of $171.14 million during the quarter, compared to analysts’ expectations of $167.59 million. Asana had a negative net margin of 39.39% and a negative return on equity of 75.22%. As a group, equities analysts expect that Asana, Inc. will post -1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

ASAN has been the topic of several research reports. Bank of America began coverage on Asana in a research note on Monday, February 26th. They set a “buy” rating and a $25.00 price objective on the stock. UBS Group dropped their price target on Asana from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Finally, KeyCorp started coverage on shares of Asana in a report on Thursday, March 21st. They issued an “underweight” rating and a $14.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.42.

Check Out Our Latest Stock Report on ASAN

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 11,779 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 $181,161.02. Following the transaction, the chief operating officer now directly owns 492,230 shares of the company’s stock, valued at $7,570,497.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Anne Raimondi sold 11,779 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $15.38, for a total value of $181,161.02. Following the completion of the transaction, the chief operating officer now directly owns 492,230 shares in the company, valued at $7,570,497.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tim M. Wan sold 10,105 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $15.38, for a total transaction of $155,414.90. Following the transaction, the chief financial officer now owns 753,888 shares in the company, valued at approximately $11,594,797.44. The disclosure for this sale can be found here. Insiders have sold 51,733 shares of company stock valued at $788,886 in the last quarter. Corporate insiders own 63.97% of the company’s stock.

Asana 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.

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Institutional Ownership by Quarter for Asana (NYSE:ASAN)

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