77,325 Shares in Asana, Inc. (NYSE:ASAN) Purchased by DGS Capital Management LLC

DGS Capital Management LLC acquired a new stake in shares of Asana, Inc. (NYSE:ASAN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 77,325 shares of the company’s stock, valued at approximately $1,470,000. Asana comprises approximately 0.6% of DGS Capital Management LLC’s portfolio, making the stock its 26th largest position.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Asana by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,213,830 shares of the company’s stock valued at $168,705,000 after purchasing an additional 434,003 shares during the period. BlackRock Inc. lifted its position in Asana by 5.5% during the first quarter. BlackRock Inc. now owns 6,723,586 shares of the company’s stock valued at $142,069,000 after buying an additional 352,684 shares during the period. State Street Corp boosted its holdings in shares of Asana by 8.0% during the 2nd quarter. State Street Corp now owns 2,211,225 shares of the company’s stock valued at $48,735,000 after buying an additional 163,281 shares in the last quarter. Morgan Stanley grew its position in shares of Asana by 69.8% in the 3rd quarter. Morgan Stanley now owns 2,141,221 shares of the company’s stock worth $39,206,000 after buying an additional 880,413 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Asana by 26.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,577,500 shares of the company’s stock worth $63,053,000 after buying an additional 331,400 shares during the period. 26.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Asana

In related news, insider Eleanor B. Lacey sold 4,462 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $15.47, for a total transaction of $69,027.14. Following the completion of the transaction, the insider now owns 220,739 shares in the company, valued at $3,414,832.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Eleanor B. Lacey sold 4,462 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $15.47, for a total transaction of $69,027.14. Following the completion of the transaction, the insider now directly owns 220,739 shares of the company’s stock, valued at $3,414,832.33. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Tim M. Wan sold 10,105 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $15.38, for a total value of $155,414.90. Following the transaction, the chief financial officer now owns 753,888 shares of the company’s stock, valued at approximately $11,594,797.44. The disclosure for this sale can be found here. Insiders sold a total of 31,733 shares of company stock valued at $488,886 in the last three months. 63.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of Asana from $16.00 to $18.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Bank of America assumed coverage on shares of Asana in a report on Monday, February 26th. They set a “buy” rating and a $25.00 price target on the stock. Finally, KeyCorp initiated coverage on Asana in a research report on Thursday, March 21st. They set an “underweight” rating and a $14.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.67.

Asana Price Performance

NYSE:ASAN traded down $0.28 on Tuesday, reaching $13.58. 698,618 shares of the company’s stock traded hands, compared to its average volume of 1,972,441. The stock has a 50-day simple moving average of $17.10 and a 200-day simple moving average of $18.38. Asana, Inc. has a 12 month low of $13.43 and a 12 month high of $26.27. The firm has a market cap of $3.05 billion, a PE ratio of -11.66 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.13.

Asana (NYSE:ASAN) last released its quarterly earnings data on Monday, March 11th. The company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. Asana had a negative return on equity of 75.22% and a negative net margin of 39.39%. The firm had revenue of $171.14 million during the quarter, compared to analyst estimates of $167.59 million. Equities research analysts forecast that Asana, Inc. will post -1.08 earnings per share for the current year.

Asana 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.