Mirae Asset Global Investments Co. Ltd. Purchases 808 Shares of Asana, Inc. (NYSE:ASAN)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Asana, Inc. (NYSE:ASAN) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,243 shares of the company’s stock after purchasing an additional 808 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Asana were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Asana during the fourth quarter valued at $199,000. Acorn Financial Advisory Services Inc. ADV boosted its holdings in shares of Asana by 10.2% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 53,244 shares of the company’s stock worth $1,012,000 after acquiring an additional 4,945 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Asana by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 90,196 shares of the company’s stock worth $1,715,000 after acquiring an additional 2,762 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Asana by 40.2% in the fourth quarter. SG Americas Securities LLC now owns 52,502 shares of the company’s stock worth $998,000 after acquiring an additional 15,059 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Asana by 4.3% in the fourth quarter. Diversified Trust Co now owns 21,435 shares of the company’s stock worth $407,000 after acquiring an additional 875 shares during the period. 26.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 11,779 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $15.38, for a total value of $181,161.02. Following the sale, the chief operating officer now directly owns 492,230 shares of the company’s stock, valued at approximately $7,570,497.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Tim M. Wan sold 10,105 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $15.38, for a total value of $155,414.90. Following the sale, the chief financial officer now directly owns 753,888 shares of the company’s stock, valued at approximately $11,594,797.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Anne Raimondi sold 11,779 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $15.38, for a total value of $181,161.02. Following the completion of the sale, the chief operating officer now directly owns 492,230 shares in the company, valued at $7,570,497.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,733 shares of company stock valued at $488,886. 63.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler increased their price objective on Asana from $16.00 to $18.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Bank of America initiated coverage on Asana in a research report on Monday, February 26th. They set a “buy” rating and a $25.00 price target on the stock. Finally, KeyCorp initiated coverage on Asana in a research report on Thursday, March 21st. They set an “underweight” rating and a $14.00 price target on the stock. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.67.

Asana Stock Up 1.7 %

NYSE ASAN opened at $14.97 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $3.37 billion, a PE ratio of -12.79 and a beta of 1.22. Asana, Inc. has a 1 year low of $13.34 and a 1 year high of $26.27. The business’s 50-day moving average is $16.41 and its 200 day moving average is $18.22.

Asana (NYSE:ASAN) last posted its earnings results on Monday, March 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.06. The company had revenue of $171.14 million for the quarter, compared to analysts’ expectations of $167.59 million. Asana had a negative return on equity of 75.22% and a negative net margin of 39.39%. Sell-side analysts forecast that Asana, Inc. will post -1.08 earnings per share for the current year.

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.