Asana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz Acquires 225,000 Shares

Asana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz purchased 225,000 shares of the stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of $14.41 per share, with a total value of $3,242,250.00. Following the transaction, the chief executive officer now owns 50,147,943 shares of the company’s stock, valued at $722,631,858.63. This trade represents a 0.45 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Asana Trading Up 4.8 %

Asana stock opened at $15.28 on Wednesday. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The firm’s 50-day moving average is $18.77 and its 200-day moving average is $17.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $3.56 billion, a P/E ratio of -13.64 and a beta of 1.13.

Institutional Investors Weigh In On Asana

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn FI LLC bought a new position in shares of Asana during the fourth quarter valued at approximately $8,138,000. Vise Technologies Inc. boosted its position in Asana by 6.5% during the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock valued at $320,000 after purchasing an additional 959 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Asana by 12.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 226,025 shares of the company’s stock worth $4,582,000 after buying an additional 25,607 shares during the last quarter. Voloridge Investment Management LLC increased its position in Asana by 25.6% in the fourth quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock worth $43,574,000 after buying an additional 438,057 shares during the period. Finally, Woodline Partners LP bought a new stake in Asana in the fourth quarter valued at $1,745,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Asana from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Bank of America dropped their price objective on shares of Asana from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird decreased their price target on shares of Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. JMP Securities set a $22.00 price objective on Asana in a research note on Tuesday, March 11th. Finally, DA Davidson reduced their target price on shares of Asana from $20.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.67.

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.