Asana Inc (NYSE: ASAN) is -29.21% 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 $14.64 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $14.35, the stock is -16.56% and -11.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.01 million and changing -1.98% at the moment leaves the stock -12.67% off its SMA200. ASAN registered 3.84% gain for a year compared to 6-month gain of -7.18%. The firm has a 50-day simple moving average (SMA 50) of $16.2532 and a 200-day simple moving average (SMA200) of $16.4319.
The stock witnessed a -17.10% loss in the last 1 month and extending the period to 3 months gives it a 13.53%, and is -24.47% 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 1.63% over the week and 5.63% over the month.
Asana Inc (ASAN) has around 1819 employees, a market worth around $3.38B and $738.70M in sales. Fwd P/E is 42.61. Profit margin for the company is -31.38%. Distance from 52-week low is 29.92% and -48.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-49.18%).
with sales reaching $193M over the same period.The EPS is expected to grow by 273.93% this year, but quarterly earnings will post 8.09% year-over-year. Quarterly sales are estimated to grow 7.69% in year-over-year returns.
Asana Inc (ASAN) Top Institutional Holders
326.0 institutions hold shares in Asana Inc (ASAN), with institutional investors hold 76.53% of the company’s shares. The shares outstanding are 155.66M, and float is at 89.34M with Short Float at 11.19%. Institutions hold 45.70% 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).
