Asana (NYSE:ASAN) Price Target Raised to $15.00

Asana (NYSE:ASAN) had its price target raised by JPMorgan Chase & Co. from $13.00 to $15.00 in a report issued on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts have also commented on ASAN. Citigroup cut their price target on Asana from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. DA Davidson upped their price target on Asana from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their price target on Asana from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group cut their target price on Asana from $17.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, KeyCorp upgraded Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Asana presently has an average rating of “Hold” and an average price target of $16.53.

Asana Stock Up 43.5 %

Shares of ASAN stock opened at $22.19 on Friday. Asana has a 12 month low of $11.05 and a 12 month high of $22.54. The firm has a market cap of $5.06 billion, a PE ratio of -19.81 and a beta of 1.22. The stock has a 50 day moving average of $13.37 and a 200-day moving average of $13.29. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.14.

Insiders Place Their Bets

In other news, COO Anne Raimondi sold 29,807 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.99, for a total transaction of $357,385.93. Following the sale, the chief operating officer now owns 761,088 shares in the company, valued at approximately $9,125,445.12. This represents a 3.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eleanor B. Lacey sold 9,308 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $111,602.92. Following the sale, the insider now owns 375,310 shares in the company, valued at $4,499,966.90. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 44,092 shares of company stock worth $527,668 over the last three months. 63.97% of the stock is currently owned by corporate insiders.

Institutional Trading of Asana

Large investors have recently made changes to their positions in the business. Headlands Technologies LLC grew its holdings in shares of Asana by 327.9% during the second quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock worth $41,000 after purchasing an additional 2,220 shares during the last quarter. KBC Group NV boosted its holdings in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after acquiring an additional 1,211 shares during the last quarter. Quest Partners LLC bought a new position in Asana in the third quarter valued at about $43,000. Redwood Wealth Management Group LLC bought a new position in Asana in the second quarter valued at about $65,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Asana by 26.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock valued at $70,000 after acquiring an additional 1,028 shares during the last quarter. Institutional investors own 26.21% of the company’s stock.

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.