In Wednesday’s Wall Street session, Asana Inc (NYSE:ASAN) shares traded at $13.41, up 6.09% from the previous session.
ASAN stock price is now -33.81% away from the 50-day moving average and -14.51% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
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, Rosenstein Justin, Director sold 150,000 shares of the company’s stock on Mar 03 ’25. The stock was sold for $2,845,954 at an average price of $18.97. Upon completion of the transaction, the Director now directly owns 947,309 shares in the company, valued at $12.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director JUSTIN ROSENSTEIN bought 550,000 shares of the business’s stock. A total of $10,587,500 was incurred on buying the stock at an average price of $19.25. A total of 63.15% 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 1.16, a current ratio of 1.44, and a quick ratio of 1.43. The fifty day moving average price for ASAN is $20.2608 and a two-hundred day moving average price translates $15.68515 for the stock.
The latest earnings results from Asana Inc (NYSE: ASAN) was released for 2025-01-31. The net profit margin was -35.30% and return on equity was -92.26% for ASAN. The company reported revenue of $183.88 million for the quarter, compared to $166.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.44 percent.
