UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.32 Million Stake in Asana, Inc. (NYSE:ASAN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Asana, Inc. (NYSE:ASAN) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 200,418 shares of the company’s stock after selling 3,056 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Asana were worth $2,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Asana by 3.6% during the second quarter. Arizona State Retirement System now owns 23,401 shares of the company’s stock valued at $327,000 after acquiring an additional 803 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Asana by 26.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock worth $70,000 after buying an additional 1,028 shares during the last quarter. KBC Group NV grew its holdings in shares of Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Asana by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,045 shares of the company’s stock worth $238,000 after acquiring an additional 1,769 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Asana by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,096 shares of the company’s stock worth $687,000 after acquiring an additional 1,888 shares during the last quarter. 26.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ASAN. KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price objective for the company in a report on Friday, December 6th. Jefferies Financial Group upped their target price on shares of Asana from $13.00 to $16.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Piper Sandler lifted their target price on shares of Asana from $12.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, DA Davidson upped their target price on Asana from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Asana currently has a consensus rating of “Hold” and a consensus price target of $16.53.

Insider Activity

In related news, COO Anne Raimondi sold 29,807 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total transaction of $357,385.93. Following the sale, the chief operating officer now owns 761,088 shares of the company’s stock, valued at approximately $9,125,445.12. This represents a 3.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eleanor B. Lacey sold 9,308 shares of Asana stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $11.99, for a total value of $111,602.92. Following the transaction, the insider now directly owns 375,310 shares of the company’s stock, valued at $4,499,966.90. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,092 shares of company stock valued at $527,668 over the last quarter. Company insiders own 63.97% of the company’s stock.

Asana Price Performance

NYSE ASAN opened at $24.15 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The company has a market cap of $5.51 billion, a PE ratio of -21.56 and a beta of 1.22. Asana, Inc. has a 52 week low of $11.05 and a 52 week high of $26.10. The firm’s 50-day simple moving average is $14.65 and its two-hundred day simple moving average is $13.62.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.