Savant Capital LLC Purchases Shares of 87,754 Asana, Inc. (NYSE:ASAN)

Savant Capital LLC purchased a new stake in shares of Asana, Inc. (NYSE:ASANFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 87,754 shares of the company’s stock, valued at approximately $1,779,000.

A number of other institutional investors have also bought and sold shares of ASAN. KBC Group NV raised its holdings in shares of Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Asana by 16.1% during the third quarter. Harbor Capital Advisors Inc. now owns 16,974 shares of the company’s stock valued at $197,000 after purchasing an additional 2,350 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Asana by 20.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,481 shares of the company’s stock worth $237,000 after acquiring an additional 3,436 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Asana in the 3rd quarter worth about $43,000. Finally, Empirical Asset Management LLC acquired a new stake in shares of Asana in the 4th quarter worth about $218,000. Institutional investors own 26.21% of the company’s stock.

Asana Stock Performance

NYSE ASAN opened at $24.27 on Friday. The company’s 50 day simple moving average is $21.45 and its two-hundred day simple moving average is $15.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $5.55 billion, a PE ratio of -21.66 and a beta of 1.11. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77.

Analysts Set New Price Targets

A number of research firms recently weighed in on ASAN. JPMorgan Chase & Co. upped their target price on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Piper Sandler restated an “overweight” rating and issued a $27.00 target price on shares of Asana in a report on Thursday, February 6th. KeyCorp upgraded shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price on the stock in a report on Friday, December 6th. Oppenheimer increased their price objective on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group increased their price objective on shares of Asana from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.73.

Read Our Latest Report on Asana

Insider Activity

In related news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justin Rosenstein sold 200,000 shares of Asana stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the completion of the transaction, the director now directly owns 1,847,309 shares of the company’s stock, valued at $40,031,186.03. This trade represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 573,300 shares of company stock worth $12,197,068. 63.97% of the stock is currently owned by corporate insiders.

Asana Profile

(Free Report)

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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Institutional Ownership by Quarter for Asana (NYSE:ASAN)

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