Asana, Inc. (NYSE:ASAN) Receives $12.46 Consensus PT from Analysts

Shares of Asana, Inc. (NYSE:ASAN) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.4643.

A number of equities analysts have issued reports on ASAN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. Jefferies Financial Group dropped their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Robert W. Baird cut their price target on Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. HSBC set a $8.00 price target on Asana in a research report on Friday, February 13th. Finally, Royal Bank Of Canada dropped their price objective on Asana from $11.00 to $7.00 and set an “underperform” rating for the company in a report on Tuesday, March 3rd.

Asana Stock Performance

Asana stock opened at $7.97 on Friday. The company has a market cap of $1.89 billion, a PE ratio of -9.96 and a beta of 1.01. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Asana has a 1 year low of $6.51 and a 1 year high of $19.00. The company’s 50-day moving average is $9.94 and its two-hundred day moving average is $12.45.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $205.57 million during the quarter, compared to analysts’ expectations of $205.13 million. Asana had a negative net margin of 23.90% and a negative return on equity of 71.50%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Equities analysts anticipate that Asana will post -1.09 earnings per share for the current year.

Insider Transactions at Asana

In other news, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the sale, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This represents a 80.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Anne Raimondi sold 76,093 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71. Following the completion of the sale, the chief operating officer directly owned 764,178 shares of the company’s stock, valued at approximately $11,057,655.66. This trade represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,119,233 shares of company stock worth $16,702,586. 61.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Asana

Several large investors have recently bought and sold shares of ASAN. FNY Investment Advisers LLC acquired a new stake in Asana in the third quarter worth $27,000. Jones Financial Companies Lllp grew its holdings in shares of Asana by 137.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after buying an additional 1,427 shares during the period. Farther Finance Advisors LLC increased its position in shares of Asana by 119.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after buying an additional 1,391 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Asana in the 4th quarter valued at $50,000. Finally, Daiwa Securities Group Inc. raised its stake in Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after buying an additional 1,706 shares during the period. Institutional investors own 26.21% of the company’s stock.

Asana Company Profile

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.