Asana Inc (NYSE: ASAN) is -33.67% lower on its value in year-to-date trading and has touched a low of $11.29 and a high of $23.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASAN stock was last observed hovering at around $13.29 in the last trading session, with the day’s loss setting it -0.68%.
Currently trading at $12.61, the stock is -5.44% and -7.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.55 million and changing -5.12% at the moment leaves the stock -22.16% off its SMA200. ASAN registered -41.70% loss for a year compared to 6-month loss of -31.13%.
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The stock witnessed a -0.47% gain in the last 1 month and extending the period to 3 months gives it a -7.28%, and is -11.51% 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 6.07% over the week and 4.34% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $2.88B and $689.30M in sales. Profit margin for the company is -37.73%. Distance from 52-week low is 11.69% and -46.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.64%).
The EPS is expected to grow by 3.02% this year
297.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 77.93% of the company’s shares. The shares outstanding are 139.24M, and float is at 81.68M with Short Float at 12.06%. Institutions hold 45.22% of the Float.
The top institutional shareholder in the company is VOYA INVESTMENT MANAGEMENT LLC with over 11.61 million shares valued at $162.45 million. The investor’s holdings represent 5.1138 of the ASAN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.1 million shares valued at $141.36 million to account for 4.4498 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.98 million shares representing 3.0745 and valued at over $97.67 million, while CHAMPLAIN INVESTMENT PARTNERS, LLC holds 1.7615 of the shares totaling 4.0 million with a market value of $55.96 million.
Asana Inc (ASAN) Insider Activity
The most recent transaction is an insider sale by Wan Tim M, the company’s Chief Financial Officer. SEC filings show that Wan Tim M sold 5,000 shares of the company’s common stock on Jul 26 ’24 at a price of $15.30 per share for a total of $76500.0. Following the sale, the insider now owns 1.06 million shares.
Asana Inc disclosed in a document filed with the SEC on Jul 25 ’24 that Wan Tim M (Chief Financial Officer) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $15.00 per share for $75000.0. Following the transaction, the insider now directly holds 1.06 million shares of the ASAN stock.
Still, SEC filings show that on Jul 26 ’24, TIM WAN (Officer) Proposed Sale 5,000 shares at an average price of $15.30 for $76500.0. The insider now directly holds shares of Asana Inc (ASAN).
