Asana Inc (NYSE: ASAN) is -31.52% 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 $12.91 in the last trading session, with the day’s gains setting it 0.97%.
Currently trading at $13.88, the stock is -25.10% and -30.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing 7.51% at the moment leaves the stock -11.44% off its SMA200. ASAN registered -15.37% loss for a year compared to 6-month gain of 18.94%. The firm has a 50-day simple moving average (SMA 50) of $19.9522 and a 200-day simple moving average (SMA200) of $15.67315.
The stock witnessed a -39.34% loss in the last 1 month and extending the period to 3 months gives it a -40.73%, and is -23.95% 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 8.39% over the week and 6.88% over the month.
Asana Inc (ASAN) has around 1840 employees, a market worth around $3.17B and $723.88M in sales. Fwd P/E is 40.24. Profit margin for the company is -35.30%. Distance from 52-week low is 25.67% and -50.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.54%).
The EPS is expected to grow by 249.50% this year.
Asana Inc (ASAN) Top Institutional Holders
318.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 85.93% of the company’s shares. The shares outstanding are 228.72M, and float is at 84.28M with Short Float at 13.63%. Institutions hold 50.43% 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 1.7409 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 Mar 03 ’25 at a price of $18.97 per share for a total of $2.85 million. Following the sale, the insider now owns 0.95 million shares.
Still, SEC filings show that on Feb 24 ’25, Rosenstein Justin (Director) disposed off 150,000 shares at an average price of $19.76 for $2.96 million. The insider now directly holds 1,097,309 shares of Asana Inc (ASAN).
