Fmr LLC Has $278,000 Stock Position in Asana, Inc. (NYSE:ASAN)

Fmr LLC raised its position in Asana, Inc. (NYSE:ASAN) by 1,419.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,029 shares of the company’s stock after acquiring an additional 22,448 shares during the period. Fmr LLC’s holdings in Asana were worth $278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASAN. Point72 Asset Management L.P. bought a new position in shares of Asana in the 2nd quarter worth $17,100,000. Cubist Systematic Strategies LLC acquired a new position in Asana during the second quarter worth $5,169,000. Marshall Wace LLP bought a new position in shares of Asana in the second quarter valued at $3,159,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Asana during the second quarter valued at about $3,050,000. Finally, Rhumbline Advisers raised its holdings in shares of Asana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 115,958 shares of the company’s stock worth $1,622,000 after acquiring an additional 2,464 shares during the last quarter. Institutional investors own 26.21% of the company’s stock.

Insider Transactions at Asana

In related news, insider Eleanor B. Lacey sold 4,977 shares of Asana stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $11.79, for a total transaction of $58,678.83. Following the completion of the sale, the insider now owns 370,333 shares of the company’s stock, valued at approximately $4,366,226.07. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 63.97% of the company’s stock.

Asana Stock Performance

NYSE:ASAN opened at $21.68 on Friday. The business’s fifty day moving average is $15.91 and its 200 day moving average is $14.00. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of -19.36 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77.

Analyst Ratings Changes

A number of equities analysts have issued reports on ASAN shares. Royal Bank of Canada reiterated an “underperform” rating and set a $10.00 price target on shares of Asana in a research note on Friday, December 6th. 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, December 6th. Citigroup lowered their price target on Asana from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. DA Davidson lifted their price objective on shares of Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, JMP Securities upped their target price on shares of Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.53.

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.