Asana (NYSE:ASAN - Get Free Report) is anticipated to release its earnings data after the market closes on Monday, March 10th. Analysts expect Asana to post earnings of ($0.01) per share and revenue of $188.13 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
Shares of NYSE:ASAN opened at $18.32 on Friday. The stock's 50-day moving average price is $20.70 and its 200-day moving average price is $16.77. Asana has a 12-month low of $11.05 and a 12-month high of $27.77. The stock has a market capitalization of $4.19 billion, a P/E ratio of -16.36 and a beta of 1.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.
In other news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the transaction, the chief operating officer now directly owns 733,855 shares in the company, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of Asana stock in a transaction that occurred on 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 transaction, the director now owns 1,847,309 shares of the company's stock, valued at $40,031,186.03. The trade was a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 723,300 shares of company stock valued at $15,161,068. 63.97% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on ASAN. JPMorgan Chase & Co. raised their price objective on Asana from $13.00 to $15.00 and gave the company an "underweight" rating in a research note on Friday, December 6th. 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. Royal Bank of Canada reissued an "underperform" rating and issued a $10.00 target price on shares of Asana in a research note on Friday, December 6th. Robert W. Baird raised their target price on Asana from $13.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, DA Davidson raised their target price on Asana from $13.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.73.
Read Our Latest Analysis on 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.
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