Asana, Inc. (NYSE:ASAN) Stock Holdings Reduced by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its position in Asana, Inc. (NYSE:ASAN) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,763 shares of the company’s stock after selling 2,023 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Asana were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV grew its stake in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Asana by 19.0% in the fourth quarter. Handelsbanken Fonder AB now owns 18,200 shares of the company’s stock valued at $369,000 after purchasing an additional 2,900 shares in the last quarter. Bogart Wealth LLC purchased a new position in Asana in the fourth quarter valued at about $61,000. New York State Common Retirement Fund grew its stake in Asana by 13.6% in the fourth quarter. New York State Common Retirement Fund now owns 25,300 shares of the company’s stock valued at $513,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Asana by 20.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,481 shares of the company’s stock valued at $237,000 after purchasing an additional 3,436 shares in the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Insider Buying and Selling

In related news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the transaction, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justin Rosenstein sold 150,000 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total value of $3,001,500.00. Following the transaction, the director now owns 2,047,309 shares in the company, valued at $40,966,653.09. This represents a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 748,300 shares of company stock valued at $15,483,318. Insiders own 63.97% of the company’s stock.

Asana Price Performance

NYSE ASAN opened at $14.03 on Tuesday. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $3.21 billion, a PE ratio of -12.52 and a beta of 1.13. The stock has a 50-day simple moving average of $19.83 and a 200 day simple moving average of $16.84.

Wall Street Analyst Weigh In

ASAN has been the topic of a number of recent research reports. UBS Group lowered their target price on Asana from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Oppenheimer boosted their price target on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. JMP Securities boosted their price target on Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday, December 6th. Morgan Stanley reduced their price target on Asana from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their price target on Asana from $15.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.87.

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.