XTX Topco Ltd purchased a new position in shares of Asana, Inc. (NYSE:ASAN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,424 shares of the company's stock, valued at approximately $538,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Asana in the second quarter valued at approximately $3,050,000. Point72 Asset Management L.P. purchased a new position in Asana in the 2nd quarter valued at approximately $17,100,000. Marshall Wace LLP acquired a new position in shares of Asana in the second quarter worth $3,159,000. Intech Investment Management LLC purchased a new stake in shares of Asana during the third quarter worth $456,000. Finally, Olympiad Research LP acquired a new stake in shares of Asana in the third quarter valued at $792,000. 26.21% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Eleanor B. Lacey sold 4,977 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.79, for a total transaction of $58,678.83. Following the completion of the sale, the insider now owns 370,333 shares in the company, valued at approximately $4,366,226.07. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anne Raimondi sold 29,807 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the transaction, the chief operating officer now directly owns 761,088 shares in the company, valued at approximately $9,125,445.12. This represents a 3.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,092 shares of company stock worth $527,668. Insiders own 63.97% of the company's stock.
ASAN opened at $24.14 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana, Inc. has a 52 week low of $11.05 and a 52 week high of $26.10. The business's 50 day moving average is $14.65 and its two-hundred day moving average is $13.62. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -21.55 and a beta of 1.22.
Several research analysts recently commented on ASAN shares. Bank of America lowered their target price on Asana from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. JMP Securities boosted their price objective on Asana from $21.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Friday, December 6th. Robert W. Baird increased their price objective on shares of Asana from $13.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Asana from $14.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Finally, DA Davidson increased their target price on Asana from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $16.53.
Get Our Latest Stock Report on Asana
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.
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