Asana, Inc. (NYSE:ASAN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Asana, Inc. (NYSE:ASAN) by 105.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 832,598 shares of the company’s stock after buying an additional 427,576 shares during the period. JPMorgan Chase & Co. owned about 0.36% of Asana worth $9,650,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ASAN. Point72 Asset Management L.P. purchased a new stake in shares of Asana in the second quarter valued at $17,100,000. Cubist Systematic Strategies LLC purchased a new position in Asana in the 2nd quarter valued at about $5,169,000. Marshall Wace LLP purchased a new position in Asana in the 2nd quarter valued at about $3,159,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Asana during the 2nd quarter worth about $3,050,000. Finally, Holocene Advisors LP grew its holdings in shares of Asana by 62.2% during the third quarter. Holocene Advisors LP now owns 305,167 shares of the company’s stock worth $3,537,000 after buying an additional 116,998 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Asana

In related news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total value of $591,228.43. Following the transaction, the chief operating officer now owns 733,855 shares of the company’s stock, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 63.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. DA Davidson raised their target price on shares of Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Oppenheimer raised their price objective on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Royal Bank of Canada reiterated an “underperform” rating and issued a $10.00 target price on shares of Asana in a research note on Friday, December 6th. JMP Securities raised their price target on Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Finally, Robert W. Baird upped their price objective on shares of Asana from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.27.

Asana Stock Down 1.9 %

NYSE ASAN opened at $18.86 on Tuesday. The company has a market capitalization of $4.31 billion, a P/E ratio of -16.84 and a beta of 1.10. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77. 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 company’s 50 day simple moving average is $18.64 and its 200 day simple moving average is $14.90.

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.