KBC Group NV Has $114,000 Stock Position in Asana, Inc. (NYSE:ASAN)

KBC Group NV increased its position in Asana, Inc. (NYSE:ASAN) by 58.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,612 shares of the company’s stock after purchasing an additional 2,078 shares during the quarter. KBC Group NV’s holdings in Asana were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Asana by 1,934.8% in the fourth quarter. Blue Trust Inc. now owns 21,081 shares of the company’s stock valued at $427,000 after acquiring an additional 20,045 shares during the period. Krilogy Financial LLC bought a new position in shares of Asana in the 4th quarter worth $280,000. Empirical Asset Management LLC acquired a new stake in Asana in the 4th quarter valued at $218,000. Friedenthal Financial bought a new stake in Asana during the 4th quarter valued at $762,000. Finally, JPMorgan Chase & Co. raised its holdings in Asana by 105.6% during the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock worth $9,650,000 after buying an additional 427,576 shares during the last quarter. 26.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASAN. DA Davidson lifted their price objective on shares of Asana from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Oppenheimer boosted their price objective on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Royal Bank of Canada restated an “underperform” rating and issued a $10.00 target price on shares of Asana in a report on Friday, December 6th. JMP Securities upped their price target on Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a report on Friday, December 6th. Finally, Citigroup raised their price objective on Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.73.

Asana Stock Performance

NYSE ASAN opened at $21.76 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $4.98 billion, a PE ratio of -19.43 and a beta of 1.11. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a 50-day simple moving average of $20.87 and a 200 day simple moving average of $15.74.

Insider Transactions at Asana

In other Asana news, Director Justin Rosenstein sold 200,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the sale, the director now directly owns 1,847,309 shares of the company’s stock, valued at $40,031,186.03. This represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Anne Raimondi sold 27,233 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the transaction, the chief operating officer now owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 573,300 shares of company stock worth $12,197,068 in the last quarter. Insiders own 63.97% of the company’s stock.

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.