Asana, Inc. (NASDAQ:ASAN) Given Average Recommendation of “Hold” by Analysts

Asana, Inc. (NASDAQ:ASAN) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $26.67.

Several research firms recently commented on ASAN. JPMorgan Chase & Co. assumed coverage on shares of Asana in a report on Monday. They issued a “neutral” rating and a $25.00 price objective for the company. Morgan Stanley assumed coverage on shares of Asana in a research note on Monday. They issued an “equal weight” rating and a $27.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of Asana in a research note on Monday. They issued an “outperform” rating and a $30.00 target price on the stock. Oppenheimer assumed coverage on shares of Asana in a research note on Monday. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Asana in a research note on Friday, October 9th. They issued an “underperform” rating and a $19.00 target price on the stock.

ASAN traded up $0.95 on Monday, hitting $24.46. The company’s stock had a trading volume of 7,339 shares, compared to its average volume of 2,655,593. Asana has a 12 month low of $22.90 and a 12 month high of $29.96.

In other Asana news, major shareholder Steven M. Spurlock sold 775,040 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $27.91, for a total value of $21,631,366.40. Also, insider Eleanor B. Lacey sold 3,398 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $25.52, for a total transaction of $86,716.96. Following the completion of the sale, the insider now directly owns 90,398 shares in the company, valued at approximately $2,306,956.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 788,438 shares of company stock worth $21,977,283.

A number of institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new stake in Asana in the 3rd quarter worth $115,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Asana in the 3rd quarter worth $130,000. Finally, Hamilton Lane Advisors LLC bought a new stake in Asana in the 3rd quarter worth $4,010,000.

Asana Company Profile

Asana, Inc operates a work management platform for individuals, team leads, and executives. It provides work management platform as software as service that enables individuals and teams to get work done faster while enhancing employee engagement by allowing everyone to see how their work connects to the broader mission of an organization.

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Analyst Recommendations for Asana (NASDAQ:ASAN)

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