In yesterday’s Wall Street session, Asana Inc (NYSE:ASAN) shares traded at $12.58, down -0.24% from the previous session.
ASAN stock price is now -7.99% away from the 50-day moving average and -22.14% away from the 200-day moving average. The market capitalization of the company currently stands at $2.87B.
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With the price target reduced from $16 to $14, HSBC Securities Upgraded its rating from Reduce to Hold for Asana Inc (NYSE: ASAN). On May 31, 2024, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock reducing its target price from $18 to quote $16, while ‘KeyBanc Capital Markets’ rates the stock as ‘Underweight’
In other news, Wan Tim M, Chief Financial Officer sold 5,000 shares of the company’s stock on Jul 26 ’24. The stock was sold for $76,500 at an average price of $15.30. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,063,909 shares in the company, valued at $13.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 25 ’24, Chief Financial Officer Wan Tim M sold 5,000 shares of the business’s stock. A total of $75,000 was realized by selling the stock at an average price of $15.00. This leaves the insider owning 1,063,909 shares of the company worth $13.38 million. A total of 64.19% of the company’s stock is owned by insiders.
During the past 12 months, Asana Inc has had a low of $11.29 and a high of $23.44. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 1.57, and a quick ratio of 1.57. The fifty day moving average price for ASAN is $13.6722 and a two-hundred day moving average price translates $16.15635 for the stock.
The latest earnings results from Asana Inc (NYSE: ASAN) was released for 2024-07-31. The net profit margin was -37.73% and return on equity was -83.06% for ASAN. The company reported revenue of $179.21 million for the quarter, compared to $162.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.31 percent.
