66,707 Shares in Asana, Inc. (NYSE:ASAN) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Asana, Inc. (NYSE:ASAN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 66,707 shares of the company’s stock, valued at approximately $1,352,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Asana by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock worth $21,605,000 after purchasing an additional 12,055 shares during the period. Paradice Investment Management LLC purchased a new position in Asana in the fourth quarter valued at approximately $22,507,000. JPMorgan Chase & Co. lifted its position in Asana by 105.6% during the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock valued at $9,650,000 after buying an additional 427,576 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Asana by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 805,649 shares of the company’s stock worth $16,331,000 after buying an additional 11,896 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Asana by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 694,792 shares of the company’s stock worth $14,083,000 after acquiring an additional 48,831 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Stock Performance

Asana stock opened at $16.09 on Thursday. The firm has a market capitalization of $3.75 billion, a P/E ratio of -14.37 and a beta of 1.13. Asana, Inc. has a 52-week low of $11.05 and a 52-week 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 stock has a fifty day moving average price of $18.69 and a two-hundred day moving average price of $17.02.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JMP Securities set a $22.00 price target on shares of Asana in a report on Tuesday, March 11th. Morgan Stanley dropped their target price on Asana from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on Asana from $15.00 to $13.00 and set an “underweight” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada restated an “underperform” rating and set a $10.00 price objective on shares of Asana in a report on Friday, December 6th. Finally, Jefferies Financial Group reduced their target price on Asana from $19.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.67.

Insiders Place Their Bets

In other news, CEO Dustin A. Moskovitz bought 225,000 shares of the stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $14.02 per share, for a total transaction of $3,154,500.00. Following the acquisition, the chief executive officer now owns 48,573,436 shares in the company, valued at approximately $680,999,572.72. This trade represents a 0.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Justin Rosenstein sold 25,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the completion of the sale, the director now directly owns 922,309 shares in the company, valued at approximately $11,888,563.01. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,349,507 shares of company stock valued at $19,281,993 and sold 739,842 shares valued at $15,155,503. Insiders own 63.97% of the company’s stock.

Asana 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.