Bogart Wealth LLC Buys New Shares in Asana, Inc. (NYSE:ASAN)

Bogart Wealth LLC bought a new stake in shares of Asana, Inc. (NYSE:ASAN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,000 shares of the company’s stock, valued at approximately $61,000.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in Asana by 52.1% in the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after acquiring an additional 1,211 shares during the last quarter. Quest Partners LLC bought a new stake in Asana in the 3rd quarter worth $43,000. MQS Management LLC bought a new stake in Asana in the 3rd quarter worth $141,000. Paloma Partners Management Co bought a new stake in Asana in the 3rd quarter worth $143,000. Finally, Quadrature Capital Ltd bought a new stake in Asana in the 3rd quarter worth $189,000. Institutional investors own 26.21% of the company’s stock.

Asana Trading Down 4.1 %

Shares of NYSE ASAN opened at $23.27 on Friday. 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 $5.32 billion, a P/E ratio of -20.78 and a beta of 1.11. The firm has a 50-day moving average of $21.62 and a 200 day moving average of $16.03. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49.

Analyst Ratings Changes

A number of brokerages have issued reports on ASAN. KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target on the stock in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of Asana from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Citigroup lifted their target price 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. Morgan Stanley lifted their target price on shares of Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Oppenheimer lifted their target price on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two 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.com, the stock presently has an average rating of “Hold” and an average target price of $17.73.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction dated 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 directly owns 733,855 shares of the company’s stock, valued at approximately $15,931,992.05. The trade was a 3.58 % 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, Director Justin Rosenstein sold 196,067 shares of Asana stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.78, for a total transaction of $4,270,339.26. Following the completion of the transaction, the director now directly owns 1,651,242 shares of the company’s stock, valued at $35,964,050.76. This trade represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 573,300 shares of company stock valued at $12,197,068 in the last three months. Company insiders own 63.97% of the company’s stock.

Asana Company 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.