Asana, Inc. (NYSE:ASAN – Get Free Report) CFO Tim M. Wan sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief financial officer now owns 753,888 shares in the company, valued at $11,308,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Asana Stock Performance
ASAN stock opened at $15.08 on Friday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of -12.88 and a beta of 1.22. The firm has a 50-day simple moving average of $16.24 and a two-hundred day simple moving average of $18.18. Asana, Inc. has a one year low of $13.34 and a one year high of $26.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 1.80.
Asana (NYSE:ASAN – Get Free Report) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.06. The firm had revenue of $171.14 million during the quarter, compared to analyst estimates of $167.59 million. Asana had a negative net margin of 39.39% and a negative return on equity of 75.22%. On average, equities analysts forecast that Asana, Inc. will post -1.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Asana
Analysts Set New Price Targets
ASAN has been the topic of a number of research analyst reports. KeyCorp initiated coverage on shares of Asana in a report on Thursday, March 21st. They issued an “underweight” rating and a $14.00 price target on the stock. Piper Sandler upped their price target on shares of Asana from $16.00 to $18.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Finally, Bank of America initiated coverage on shares of Asana in a report on Monday, February 26th. They issued a “buy” rating and a $25.00 price target on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Asana has a consensus rating of “Hold” and an average target price of $20.67.
Read Our Latest Stock Analysis on ASAN
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.
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