Asana Inc (NYSE: ASAN) is 7.65% higher 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 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 $21.75 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $21.82, the stock is 6.05% and 5.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing 0.32% at the moment leaves the stock 43.67% off its SMA200. ASAN registered 21.22% gain for a year compared to 6-month gain of 76.39%. The firm has a 50-day simple moving average (SMA 50) of $20.5988 and a 200-day simple moving average (SMA200) of $15.18775.
The stock witnessed a 7.22% loss in the last 1 month and extending the period to 3 months gives it a 67.85%, and is 2.25% 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 4.76% over the week and 6.19% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $4.99B and $706.68M in sales. Profit margin for the company is -36.17%. Distance from 52-week low is 97.56% and -21.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.52%).
The EPS is expected to grow by 28.78% this year.
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 83.38M with Short Float at 14.95%. 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 196,067 shares of the company’s common stock on Feb 04 ’25 at a price of $21.78 per share for a total of $4.27 million. Following the sale, the insider now owns 1.65 million shares.
Asana Inc disclosed in a document filed with the SEC on Feb 05 ’25 that Rosenstein Justin (Director) sold a total of 3,933 shares of the company’s common stock. The trade occurred on Feb 05 ’25 and was made at $21.98 per share for $86447.0. Following the transaction, the insider now directly holds 1.65 million shares of the ASAN stock.
Still, SEC filings show that on Jan 28 ’25, Rosenstein Justin (Director) disposed off 200,000 shares at an average price of $21.67 for $4.33 million. The insider now directly holds 1,847,309 shares of Asana Inc (ASAN).
