Zurcher Kantonalbank Zurich Cantonalbank Has $492,000 Stock Position in Asana, Inc. (NYSE:ASAN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Asana, Inc. (NYSE:ASAN) by 13.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,738 shares of the company’s stock after buying an additional 4,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Asana were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ASAN. Voya Investment Management LLC grew its stake in Asana by 8.1% in the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company’s stock valued at $254,166,000 after purchasing an additional 937,726 shares in the last quarter. Voloridge Investment Management LLC grew its stake in Asana by 25.6% in the fourth quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock valued at $43,574,000 after purchasing an additional 438,057 shares in the last quarter. First Trust Advisors LP grew its stake in Asana by 17.6% in the fourth quarter. First Trust Advisors LP now owns 1,743,981 shares of the company’s stock valued at $35,350,000 after purchasing an additional 261,298 shares in the last quarter. Two Sigma Investments LP grew its stake in Asana by 288.1% in the fourth quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company’s stock valued at $28,481,000 after purchasing an additional 1,043,047 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in Asana by 0.5% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,377,704 shares of the company’s stock valued at $27,926,000 after purchasing an additional 7,269 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Price Performance

NYSE ASAN opened at $14.14 on Friday. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $3.33 billion, a PE ratio of -14.14 and a beta of 1.14. The stock has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $16.52.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%. The business had revenue of $187.63 million during the quarter, compared to analysts’ expectations of $185.40 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Asana, Inc. will post -1.09 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on ASAN shares. Royal Bank Of Canada restated an “underperform” rating and issued a $10.00 target price on shares of Asana in a research note on Wednesday, June 4th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. UBS Group boosted their price target on Asana from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. FBN Securities raised Asana to a “strong-buy” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reduced their price target on Asana from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, June 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.97.

Insider Activity at Asana

In other Asana news, Director Justin Rosenstein sold 966,576 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total value of $14,537,303.04. Following the completion of the transaction, the director owned 4,797,091 shares of the company’s stock, valued at $72,148,248.64. This represents a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dustin A. Moskovitz purchased 225,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was purchased at an average cost of $13.58 per share, with a total value of $3,055,500.00. Following the acquisition, the chief executive officer owned 51,711,191 shares in the company, valued at approximately $702,237,973.78. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,007,563 shares of company stock valued at $43,224,404 and sold 3,033,130 shares valued at $45,552,218. Corporate insiders own 61.28% 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.