In yesterday’s Wall Street session, Asana Inc (NYSE:ASAN) shares traded at $19.42, down -16.69% from the previous session.
16 analysts cover Asana Inc (NYSE:ASAN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $10.00, we find $21.00. Given the previous closing price of $23.31, this indicates a potential downside of -9.91 percent. ASAN stock price is now 0.68% away from the 50-day moving average and -2.78% away from the 200-day moving average. The market capitalization of the company currently stands at $4.27B.
The stock has received a hold rating from 8 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $20.79 as their price target over the next twelve months.
With the price target maintained at $18, HSBC Securities recently Downgraded its rating from Hold to Reduce for Asana Inc (NYSE: ASAN).
In other news, Moskovitz Dustin A., President, CEO, & Chair bought 237,015 shares of the company’s stock on Nov 01. The stock was bought for $4,147,762 at an average price of $17.50. Upon completion of the transaction, the President, CEO, & Chair now directly owns 47,898,436 shares in the company, valued at $930.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26, Chief Financial Officer Wan Tim M sold 5,000 shares of the business’s stock. A total of $90,900 was realized by selling the stock at an average price of $18.18. This leaves the insider owning 779,553 shares of the company worth $15.14 million. Insiders disposed of 489,335 shares of company stock worth roughly $9.5 million over the past 1 year. A total of 65.79% of the company’s stock is owned by insiders.
On Wednesday morning Asana Inc (NYSE: ASAN) stock kicked off with the opening price of $19.25. During the past 12 months, Asana Inc has had a low of $11.32 and a high of $26.27. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 1.82, and a quick ratio of 1.82. The fifty day moving average price for ASAN is $19.29 and a two-hundred day moving average price translates $19.98 for the stock.
The latest earnings results from Asana Inc (NYSE: ASAN) was released for Oct, 2023. According to the Software – Application Company, earnings per share came in at -$0.04, beating analysts’ expectations of -$0.11 by 0.07. This compares to -$0.49 EPS in the same period last year. The net profit margin was -45.86% and return on equity was -79.67% for ASAN. The company reported revenue of $166.5 million for the quarter, compared to $141.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.72 percent. For the current quarter, analysts expect ASAN to generate $166.83M 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. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, 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.
