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

Charles Schwab Investment Management Inc. lessened its stake in shares of Asana, Inc. (NYSE:ASAN) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645,961 shares of the company’s stock after selling 12,512 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.28% of Asana worth $7,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Asana in the 3rd quarter valued at about $456,000. Meeder Asset Management Inc. acquired a new stake in shares of Asana during the third quarter valued at $603,000. Quest Partners LLC purchased a new stake in Asana during the 3rd quarter worth about $43,000. KBC Group NV grew its holdings in Asana by 52.1% in the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Asana in the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Stock Up 3.8 %

NYSE ASAN opened at $24.32 on Thursday. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $26.10. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $13.89 and its two-hundred day moving average is $13.41. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of -20.91 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JMP Securities raised their target price on shares of Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday, December 6th. Scotiabank lifted their target price on Asana from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, December 6th. Jefferies Financial Group increased their price objective on shares of Asana from $13.00 to $16.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. UBS Group lowered their target price on Asana from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target on the stock in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Asana presently has a consensus rating of “Hold” and an average target price of $16.53.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 29,807 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total transaction of $357,385.93. Following the completion of the sale, the chief operating officer now directly owns 761,088 shares of the company’s stock, valued at approximately $9,125,445.12. The trade was a 3.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eleanor B. Lacey sold 9,308 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.99, for a total transaction of $111,602.92. Following the sale, the insider now owns 375,310 shares of the company’s stock, valued at $4,499,966.90. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,092 shares of company stock valued at $527,668 in the last ninety days. Insiders own 63.97% of the company’s stock.

Asana Company Profile

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.