In yesterday’s Wall Street session, Asana Inc (NYSE:ASAN) shares traded at $22.73, up 3.41% from the previous session.
ASAN stock price is now 38.22% away from the 50-day moving average and 57.78% away from the 200-day moving average. The market capitalization of the company currently stands at $5.20B.
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On November 19, 2024, Scotiabank recently initiated its ‘Sector Perform’ rating on the stock quoting a target price of $15, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, LACEY ELEANOR B, GC, Corporate Secretary sold 12,908 shares of the company’s stock on Dec 20 ’24. The stock was sold for $280,293 at an average price of $21.71. Upon completion of the transaction, the GC, Corporate Secretary now directly owns 357,425 shares in the company, valued at $8.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Chief Operating Officer Raimondi Anne sold 27,233 shares of the business’s stock. A total of $591,356 was realized by selling the stock at an average price of $21.71. This leaves the insider owning 733,855 shares of the company worth $16.68 million. A total of 63.84% of the company’s stock is owned by insiders.
During the past 12 months, Asana Inc has had a low of $11.05 and a high of $27.77. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.43, and a quick ratio of 1.43. The fifty day moving average price for ASAN is $16.2338 and a two-hundred day moving average price translates $14.3747 for the stock.
The latest earnings results from Asana Inc (NYSE: ASAN) was released for 2024-07-31. The net profit margin was -36.17% and return on equity was -89.47% for ASAN. The company reported revenue of $179.21 million for the quarter, compared to $162.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.31 percent.
