Asana Inc (NYSE: ASAN) is -37.66% lower on its value in year-to-date trading and has touched a low of $11.05 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 $11.95 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $11.85, the stock is 0.36% and -3.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -0.84% at the moment leaves the stock -19.24% off its SMA200. ASAN registered -34.49% loss for a year compared to 6-month loss of -21.42%. The firm has a 50-day simple moving average (SMA 50) of $12.3244 and a 200-day simple moving average (SMA200) of $14.6732.
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The stock witnessed a 1.11% gain in the last 1 month and extending the period to 3 months gives it a -22.45%, and is -3.19% 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 3.40% over the week and 3.32% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $2.70B and $689.30M in sales. Profit margin for the company is -37.73%. Distance from 52-week low is 7.29% and -49.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.64%).
with sales reaching $180.64M over the same period.The EPS is expected to grow by 3.81% this year, but quarterly earnings will post 10.40% year-over-year.
Asana Inc (ASAN) Top Institutional Holders
290.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 78.63% of the company’s shares. The shares outstanding are 139.24M, and float is at 82.34M with Short Float at 10.39%. Institutions hold 45.31% 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 LACEY ELEANOR B, the company’s GC, Corporate Secretary. SEC filings show that LACEY ELEANOR B sold 9,308 shares of the company’s common stock on Sep 20 ’24 at a price of $11.99 per share for a total of $0.11 million. Following the sale, the insider now owns 0.38 million shares.
Asana Inc disclosed in a document filed with the SEC on Sep 23 ’24 that LACEY ELEANOR B (GC, Corporate Secretary) sold a total of 4,977 shares of the company’s common stock. The trade occurred on Sep 23 ’24 and was made at $11.79 per share for $58662.0. Following the transaction, the insider now directly holds 0.37 million shares of the ASAN stock.
Still, SEC filings show that on Sep 20 ’24, Raimondi Anne (Chief Operating Officer) disposed off 29,807 shares at an average price of $11.99 for $0.36 million. The insider now directly holds 761,088 shares of Asana Inc (ASAN).
