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Asana Inc. (ASAN) Is Up 1.38% in 2023 With Lots of Room to Run

Asana Inc. (NYSE: ASAN) is 1.38% higher on its value in year-to-date trading and has touched a low of $11.32 and a high of $74.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASAN stock was last observed hovering at around $14.42 in the last trading session, with the day’s loss setting it -0.46% off its average median price target of $18.00 for the next 12 months. It is also 53.47% off the consensus price target high of $30.00 offered by 16 analysts, but current levels are -39.6% lower than the price target low of $10.00 for the same period.

Currently trading at $13.96, the stock is 4.80% and -9.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing -3.19% at the moment leaves the stock -32.62% off its SMA200. ASAN registered -72.32% loss for a year compared to 6-month loss of -20.50%.

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The stock witnessed a 4.57% gain in the last 1 month and extending the period to 3 months gives it a -28.04%, and is -2.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.87% over the week and 7.39% over the month.

Asana Inc. (ASAN) has around 1666 employees, a market worth around $2.86B and $508.90M in sales. Profit margin for the company is -79.10%. Distance from 52-week low is 23.32% and -81.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-112.60%).

Asana Inc. (ASAN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Asana Inc. (ASAN) is a “Hold”. 16 analysts offering their recommendations for the stock have an average rating of 2.80, where 10 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Asana Inc. is expected to release its quarterly report on 03/09/2023.The EPS is expected to shrink by -24.70% this year.

Asana Inc. (ASAN) Top Institutional Holders

The shares outstanding are 204.66M, and float is at 75.90M with Short Float at 13.17%.

Asana Inc. (ASAN) Insider Activity

A total of 17 insider transactions have happened at Asana Inc. (ASAN) in the last six months, with sales accounting for 6 and purchases happening 11 times. The most recent transaction is an insider sale by LACEY ELEANOR B,the company’sGC, Corporate Secretary. SEC filings show that LACEY ELEANOR B sold 2,034 shares of the company’s common stock on Dec 21 at a price of $13.65 per share for a total of $27764.0. Following the sale, the insider now owns 0.17 million shares.

Asana Inc. disclosed in a document filed with the SEC on Dec 21 that Wan Tim M (Chief Financial Officer) sold a total of 5,055 shares of the company’s common stock. The trade occurred on Dec 21 and was made at $13.65 per share for $69001.0. Following the transaction, the insider now directly holds 0.61 million shares of the ASAN stock.

Still, SEC filings show that on Sep 22, LACEY ELEANOR B (GC, Corporate Secretary) disposed off 303 shares at an average price of $22.91 for $6942.0. The insider now directly holds 168,304 shares of Asana Inc. (ASAN).

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