Stocks of Asana Inc. (NYSE:ASAN) traded higher last session on Wall Street, down -3.28% to $15.03.
ASAN stock price is now 0.19% away from the 50-day moving average and -25.95% away from the 200-day moving average. The market capitalization of the company currently stands at $2.99B.
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With the price target reduced from $32 to $15, Robert W. Baird Downgraded its rating from Outperform to Neutral for Asana Inc. (NYSE: ASAN)., while ‘Credit Suisse’ rates the stock as ‘Neutral’.
In other news, LACEY ELEANOR B, GC, Corporate Secretary sold 2,034 shares of the company’s stock on Dec 21. The stock was sold for $27,764 at an average price of $13.65. Upon completion of the transaction, the GC, Corporate Secretary now directly owns 166,270 shares in the company, valued at $2.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21, Chief Financial Officer Wan Tim M sold 5,055 shares of the business’s stock. A total of $69,001 was realized by selling the stock at an average price of $13.65. This leaves the insider owning 607,051 shares of the company worth $9.12 million. Insiders disposed of 92,760 shares of company stock worth roughly $1.39 million over the past 1 year. A total of 31.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASAN stock. A new stake in Asana Inc. shares was purchased by CAVALRY MANAGEMENT GROUP, LLC during the first quarter worth $7,794,000. LISANTI CAPITAL GROWTH, LLC invested $4,067,000 in shares of ASAN during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Asana Inc. valued at approximately $3,478,000. BERYLSON CAPITAL PARTNERS, LLC acquired a new stake in ASAN for approximately $1,473,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in ASAN valued at around $1,212,000 in the second quarter. In total, there are 337 active investors with 48.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $15.14 for Asana Inc. (NYSE: ASAN). During the past 12 months, Asana Inc. has had a low of $11.32 and a high of $74.89. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for ASAN is $15.00 and a two-hundred day moving average price translates $20.30 for the stock.
The latest earnings results from Asana Inc. (NYSE: ASAN) was released for Jul, 2022. According to the Software – Application Company, earnings per share came in at -$0.34, beating analysts’ expectations of -$0.39 by 0.05. This compares to -$0.37 EPS in the same period last year. The net profit margin was -79.10% and return on equity was -190.20% for ASAN. The company reported revenue of $141.44 million for the quarter, compared to $100.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.96 percent. For the current quarter, analysts expect ASAN to generate $138.98M in revenue.
Asana Inc.(ASAN) 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. The company’s platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
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