Asana Inc (NYSE: ASAN) is -28.71% 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 $14.00 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $14.45, the stock is -12.23% and -25.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 3.21% at the moment leaves the stock -7.90% off its SMA200. ASAN registered -8.83% loss for a year compared to 6-month gain of 21.22%. The firm has a 50-day simple moving average (SMA 50) of $19.3104 and a 200-day simple moving average (SMA200) of $15.6901.
The stock witnessed a -34.14% loss in the last 1 month and extending the period to 3 months gives it a -45.10%, and is 4.11% 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 5.50% over the week and 6.71% over the month.
Asana Inc (ASAN) has around 1819 employees, a market worth around $3.37B and $723.88M in sales. Fwd P/E is 41.92. Profit margin for the company is -35.30%. Distance from 52-week low is 30.83% and -47.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.54%).
with sales reaching $185.58M over the same period.The EPS is expected to grow by 249.32% this year, but quarterly earnings will post 8.68% year-over-year. Quarterly sales are estimated to grow 7.61% in year-over-year returns.
Asana Inc (ASAN) Top Institutional Holders
319.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 81.69% of the company’s shares. The shares outstanding are 147.48M, and float is at 86.83M with Short Float at 13.23%. Institutions hold 48.93% 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 purchase by Moskovitz Dustin A., the company’s President, CEO, & Chair. SEC filings show that Moskovitz Dustin A. bought 225,000 shares of the company’s common stock on Mar 19 ’25 at a price of $14.34 per share for a total of $3.23 million. Following the purchase, the insider now owns 49.02 million shares.
Asana Inc disclosed in a document filed with the SEC on Mar 18 ’25 that Moskovitz Dustin A. (President, CEO, & Chair) bought a total of 225,000 shares of the company’s common stock. The trade occurred on Mar 18 ’25 and was made at $14.08 per share for $3.17 million. Following the transaction, the insider now directly holds 48.8 million shares of the ASAN stock.
Still, SEC filings show that on Mar 20 ’25, Moskovitz Dustin A. (President, CEO, & Chair) acquired 225,000 shares at an average price of $14.03 for $3.16 million. The insider now directly holds 49,248,436 shares of Asana Inc (ASAN).
