In yesterday’s Wall Street session, Asana Inc (NYSE:ASAN) shares traded at $21.35, down -1.61% from the previous session.
ASAN stock price is now 8.30% away from the 50-day moving average and 42.82% away from the 200-day moving average. The market capitalization of the company currently stands at $4.88B.
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On November 19, 2024, Scotiabank recently initiated its ‘Sector Perform’ rating on the stock quoting a target price of $15, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, Rosenstein Justin, Director sold 200,000 shares of the company’s stock on Jan 28 ’25. The stock was sold for $4,334,094 at an average price of $21.67. Upon completion of the transaction, the Director now directly owns 1,847,309 shares in the company, valued at $39.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 28 ’25, Director JUSTIN ROSENSTEIN bought 350,000 shares of the business’s stock. A total of $7,024,500 was incurred on buying the stock at an average price of $20.07. A total of 63.70% of the company’s stock is owned by insiders.
During the past 12 months, Asana Inc has had a low of $11.05 and a high of $27.77. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.43, and a quick ratio of 1.43. The fifty day moving average price for ASAN is $19.5714 and a two-hundred day moving average price translates $14.9142 for the stock.
The latest earnings results from Asana Inc (NYSE: ASAN) was released for 2024-07-31. The net profit margin was -36.17% and return on equity was -89.47% 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. For the current quarter, analysts expect ASAN to generate $188.13M in revenue.
