Barclays PLC Boosts Position in Asana, Inc. (NYSE:ASAN)

Barclays PLC boosted its position in Asana, Inc. (NYSE:ASAN) by 103.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,753 shares of the company’s stock after purchasing an additional 84,114 shares during the period. Barclays PLC owned about 0.07% of Asana worth $1,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ASAN. XTX Topco Ltd purchased a new position in shares of Asana during the 3rd quarter worth $538,000. Quadrature Capital Ltd bought a new position in Asana in the 3rd quarter worth $189,000. Holocene Advisors LP lifted its position in Asana by 62.2% during the third quarter. Holocene Advisors LP now owns 305,167 shares of the company’s stock valued at $3,537,000 after purchasing an additional 116,998 shares in the last quarter. Centiva Capital LP grew its holdings in Asana by 88.7% during the third quarter. Centiva Capital LP now owns 63,989 shares of the company’s stock valued at $742,000 after purchasing an additional 30,084 shares during the period. Finally, Atom Investors LP purchased a new stake in Asana in the third quarter worth about $232,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Asana news, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 63.97% of the stock is currently owned by company insiders.

Asana Stock Up 3.4 %

Shares of ASAN opened at $22.73 on Friday. 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 $5.20 billion, a price-to-earnings ratio of -20.29 and a beta of 1.22. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The business’s 50 day simple moving average is $16.70 and its 200-day simple moving average is $14.23.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASAN. JPMorgan Chase & Co. lifted their price objective on Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, December 6th. Piper Sandler upped their price target on shares of Asana from $12.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Scotiabank raised their price objective on shares of Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, December 6th. Jefferies Financial Group upped their target price on shares of Asana from $13.00 to $16.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Bank of America decreased their price target on Asana from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Asana presently has an average rating of “Hold” and an average target price of $16.53.

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.