Asana Inc (NYSE: ASAN) is -0.99% lower on its value in year-to-date trading and has touched a low of $11.05 and a high of $27.77 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 $19.65 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $20.07, the stock is -0.59% and 4.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.65 million and changing 2.14% at the moment leaves the stock 35.21% off its SMA200. ASAN registered 8.72% gain for a year compared to 6-month gain of 33.09%. The firm has a 50-day simple moving average (SMA 50) of $19.1632 and a 200-day simple moving average (SMA200) of $14.82.
The stock witnessed a -6.52% loss in the last 1 month and extending the period to 3 months gives it a 70.66%, and is 3.77% up 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 8.37% over the week and 5.68% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $4.59B and $706.68M in sales. Profit margin for the company is -36.17%. Distance from 52-week low is 81.71% and -27.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.52%).
with sales reaching $188.13M over the same period.The EPS is expected to grow by 28.70% this year, but quarterly earnings will post 10.92% year-over-year. Quarterly sales are estimated to grow 9.93% in year-over-year returns.
Asana Inc (ASAN) Top Institutional Holders
290.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 72.86% of the company’s shares. The shares outstanding are 143.16M, and float is at 83.03M with Short Float at 14.79%. Institutions hold 41.99% of the Float.
The top institutional shareholder in the company is VOYA INVESTMENT MANAGEMENT LLC with over 11.6 million shares valued at $162.31 million. The investor’s holdings represent 5.0497% 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 Rosenstein Justin, the company’s Director. SEC filings show that Rosenstein Justin sold 150,000 shares of the company’s common stock on Jan 23 ’25 at a price of $20.01 per share for a total of $3.0 million. Following the sale, the insider now owns 2.05 million shares.
Still, SEC filings show that on Dec 26 ’24, LACEY ELEANOR B (GC, Corporate Secretary) disposed off 3,841 shares at an average price of $21.84 for $83883.0. The insider now directly holds 353,584 shares of Asana Inc (ASAN).
