Krilogy Financial LLC Acquires New Position in Asana, Inc. (NYSE:ASAN)

Krilogy Financial LLC acquired a new stake in shares of Asana, Inc. (NYSE:ASAN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,801 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Asana by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock valued at $21,605,000 after purchasing an additional 12,055 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Asana in the 2nd quarter valued at about $17,100,000. JPMorgan Chase & Co. raised its holdings in shares of Asana by 105.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock valued at $9,650,000 after purchasing an additional 427,576 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Asana in the 2nd quarter valued at about $5,169,000. Finally, Holocene Advisors LP raised its holdings in shares of Asana by 62.2% in the 3rd quarter. Holocene Advisors LP now owns 305,167 shares of the company’s stock valued at $3,537,000 after purchasing an additional 116,998 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 27,233 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the completion of the transaction, the chief operating officer now owns 733,855 shares of the company’s stock, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 63.97% of the company’s stock.

Asana Price Performance

Shares of ASAN opened at $19.40 on Monday. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77. The stock has a market cap of $4.44 billion, a PE ratio of -17.32 and a beta of 1.10. The firm has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $15.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49.

Wall Street Analysts Forecast Growth

ASAN has been the topic of a number of analyst reports. 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. Scotiabank lifted their price objective on shares of Asana from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price objective on shares of Asana from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Oppenheimer lifted their price objective on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price objective on the stock in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Asana currently has an average rating of “Hold” and an average target price of $17.73.

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.