Asana Inc (NYSE: ASAN) is -20.67% 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 $15.97 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $16.08, the stock is 5.80% and -0.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing 0.69% at the moment leaves the stock 0.77% off its SMA200. ASAN registered 9.99% gain for a year compared to 6-month gain of 34.56%. The firm has a 50-day simple moving average (SMA 50) of $16.2404 and a 200-day simple moving average (SMA200) of $15.95675.
The stock witnessed a 8.06% loss in the last 1 month and extending the period to 3 months gives it a -26.84%, and is 11.05% 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 4.18% over the week and 6.79% over the month.
Asana Inc (ASAN) has around 1819 employees, a market worth around $3.75B and $723.88M in sales. Fwd P/E is 47.25. Profit margin for the company is -35.30%. Distance from 52-week low is 45.59% and -42.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.54%).
with sales reaching $185.4M over the same period.The EPS is expected to grow by 247.51% this year, but quarterly earnings will post 7.77% year-over-year. Quarterly sales are estimated to grow 7.51% in year-over-year returns.
Asana Inc (ASAN) Top Institutional Holders
325.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 85.42% of the company’s shares. The shares outstanding are 147.48M, and float is at 85.11M with Short Float at 11.50%. Institutions hold 49.22% 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 4.3977 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 6.98 million shares representing 3.0385% 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 50,000 shares of the company’s common stock on Apr 15 ’25 at a price of $15.84 per share for a total of $0.79 million. Following the purchase, the insider now owns 51.4 million shares.
Asana Inc disclosed in a document filed with the SEC on Apr 11 ’25 that Moskovitz Dustin A. (President, CEO, & Chair) bought a total of 75,493 shares of the company’s common stock. The trade occurred on Apr 11 ’25 and was made at $15.58 per share for $1.18 million. Following the transaction, the insider now directly holds 51.35 million shares of the ASAN stock.
Still, SEC filings show that on Apr 10 ’25, Moskovitz Dustin A. (President, CEO, & Chair) acquired 225,000 shares at an average price of $15.64 for $3.52 million. The insider now directly holds 51,272,943 shares of Asana Inc (ASAN).
