DGS Capital Management LLC Decreases Stock Holdings in Asana, Inc. (NYSE:ASAN)

DGS Capital Management LLC lowered its holdings in Asana, Inc. (NYSE:ASAN) by 19.8% during the 4th quarter, Holdings Channel reports. The firm owned 62,025 shares of the company’s stock after selling 15,300 shares during the period. DGS Capital Management LLC’s holdings in Asana were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ASAN. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Asana by 139.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,673 shares of the company’s stock worth $93,000 after buying an additional 3,885 shares during the last quarter. Marshall Wace LLP purchased a new position in Asana in the second quarter valued at about $3,159,000. Cubist Systematic Strategies LLC bought a new position in shares of Asana during the 2nd quarter valued at approximately $5,169,000. AQR Capital Management LLC increased its stake in shares of Asana by 25.6% during the 2nd quarter. AQR Capital Management LLC now owns 32,503 shares of the company’s stock worth $444,000 after purchasing an additional 6,634 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Asana by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,096 shares of the company’s stock worth $687,000 after purchasing an additional 1,888 shares during the period. Institutional investors own 26.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ASAN shares. KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price objective for the company in a report on Friday, December 6th. DA Davidson lifted their price objective on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $10.00 price objective on shares of Asana in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Finally, Citigroup upped their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.73.

Asana Stock Down 3.3 %

Shares of ASAN opened at $19.67 on Friday. The firm has a market cap of $4.50 billion, a P/E ratio of -17.56 and a beta of 1.10. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The stock has a 50 day simple moving average of $19.66 and a two-hundred day simple moving average of $15.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49.

Insider Transactions at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total value of $591,228.43. Following the transaction, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 63.97% of the company’s stock.

About 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.