Asana, Inc. (NYSE:ASAN – Get Free Report) CFO Tim M. Wan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the chief financial officer now directly owns 753,888 shares in the company, valued at approximately $11,308,320. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Asana Trading Up 3.1 %
NYSE ASAN traded up $0.46 on Friday, hitting $15.08. 1,913,423 shares of the company were exchanged, compared to its average volume of 1,975,213. The firm has a market capitalization of $3.39 billion, a P/E ratio of -12.89 and a beta of 1.22. The company’s 50 day moving average price is $16.32 and its 200-day moving average price is $18.19. Asana, Inc. has a twelve month low of $13.34 and a twelve month high of $26.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.80 and a quick ratio of 1.80.
Asana (NYSE:ASAN – Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. Asana had a negative return on equity of 75.22% and a negative net margin of 39.39%. The company had revenue of $171.14 million during the quarter, compared to analysts’ expectations of $167.59 million. Analysts predict that Asana, Inc. will post -1.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Asana
Wall Street Analysts Forecast Growth
ASAN has been the topic of several research analyst reports. KeyCorp assumed coverage on shares of Asana in a research report on Thursday, March 21st. They set an “underweight” rating and a $14.00 price target on the stock. Bank of America initiated coverage on shares of Asana in a report on Monday, February 26th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Piper Sandler boosted their price target on shares of Asana from $16.00 to $18.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.67.
Read Our Latest Report on Asana
About Asana
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.
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