Asana (NYSE:ASAN) Upgraded at KeyCorp

KeyCorp upgraded shares of Asana (NYSE:ASAN) from an underweight rating to a sector weight rating in a research report released on Friday, MarketBeat.com reports. KeyCorp currently has $10.00 price target on the stock.

ASAN has been the topic of several other research reports. Citigroup cut their price objective on Asana from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley lowered their target price on Asana from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Bank of America lowered their target price on Asana from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird lowered their target price on Asana from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Finally, Oppenheimer lowered their target price on Asana from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Asana currently has an average rating of “Hold” and a consensus target price of $16.53.

Asana Trading Up 43.5 %

NYSE ASAN opened at $22.19 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. Asana has a twelve month low of $11.05 and a twelve month high of $22.54. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -19.81 and a beta of 1.22. The business’s fifty day moving average is $13.37 and its 200 day moving average is $13.29.

Insider Transactions at Asana

In related news, COO Anne Raimondi sold 29,807 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the sale, the chief operating officer now directly owns 761,088 shares of the company’s stock, valued at $9,125,445.12. The trade was a 3.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eleanor B. Lacey sold 9,308 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $11.99, for a total value of $111,602.92. Following the completion of the sale, the insider now directly owns 375,310 shares of the company’s stock, valued at $4,499,966.90. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,092 shares of company stock valued at $527,668. Corporate insiders own 63.97% of the company’s stock.

Institutional Trading of Asana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Asana by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock valued at $21,605,000 after purchasing an additional 12,055 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Asana during the 2nd quarter valued at about $17,100,000. Cubist Systematic Strategies LLC acquired a new position in Asana during the 2nd quarter valued at about $5,169,000. Holocene Advisors LP boosted its stake in Asana by 62.2% during the 3rd 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 during the last quarter. Finally, Marshall Wace LLP acquired a new position in Asana during the 2nd quarter valued at about $3,159,000. 26.21% of the stock is owned by institutional investors.

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.