Keep An Eye On Asana Inc.’s Insider Activity (ASAN)

The stock of Asana Inc. (NYSE:ASAN) decreased by decreased by -$1.95 on Friday to finish at $134.07, down -1.43 percent. The last five days have seen an average of 3,499,060 shares of common stock traded. 43 times new highs were reached in the current year, with a gain of $104.52. The average number of shares traded over the last 20 days was 2,916,695, while the average volume over the last 50 days totaled 2,841,942.

ASAN stock appreciated 7.70% since last month. On 10/01/21, the company’s shares reached a one-month low of $98.06. The stock touched a high of $139.00 on 10/21/21, after rallying from a low of $20.57 in 52 weeks. The price of ASAN stock has risen by 353.71% or $104.52 this year, reaching a new high 43 times. Still, the stock price is down -3.55% from the 52-week high.

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Insider Transactions

There have been 20 days since Asana Inc. (ASAN) last reported insider trading activity on Oct 05. On Oct 05, President, CEO, & Chair Moskovitz Dustin A. acquired 3,833 shares at $100.00 each. This transaction resulted in the insider spending $383,300. On Oct 04, Moskovitz Dustin A. added 250,000 shares at a price of US$100.00. After the transaction, the insider now owns 5,213,915 shares. President, CEO, & Chair Moskovitz Dustin A. had earlier bought 250,000 shares on Oct 01 for $99.93 a share. The transaction was completed for $24,981,963.

For the three months ended July 30, Asana Inc.’s quick ratio was 2.10, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.13, and the total debt to equity ratio is 0.14. As far as profitability goes, gross margin for the trailing twelve months is 88.70% percent. Asana Inc.’s EBITDA margin for the year ended July 30 was -68.59%, whereas its operating margin stood at -75.90% for the same period. Based on annual data, it had gross profit of $198.26 million and revenue of $227.0 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASAN’s return on assets (ROA) during the last 12 months has been -36.50%. There was a -47.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -428.10%. ROE has averaged 3.34 in the past year for the broader industry.

Earnings Surprise

According to Asana Inc.’s quarterly financial report for the quarter that ended July 30, it had $36.6 million in total debt versus $103.27 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $89.48 million, while revenues rose by 100.0% to -$285.91 million. It was predicted that Asana Inc.’s quarterly earnings would be -$0.23, but it ended up being -$0.26, beating the consensus by 11.50%. EBITDA was -$52.27 million for the quarter. At the end of Asana Inc.’s most recent quarter ended July 30, its liabilities totaled 456.24 million, while its total debt was $613.19 million. Equity owned by shareholders amounts to $183.9 million.

Technical Picture

Here’s a quick look at Asana Inc.’s (ASAN) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 78.26%, suggesting the stock is Overbought, with a 17.81% historical volatility rate.

The stochastic %K and %D were 91.62% and 91.33% respectively, while the average true range (ATR) was 7.12. Based on the 14-day stochastic reading of 87.36%, the RSI (14) reading is 73.62%. On the 9-day MACD Oscillator, the stock is at 10.76, and the 14-day reading is at 16.55.

Analyst Ratings

In a note to investors, Oppenheimer maintained its an Outperform rating on Asana Inc. (NYSE: ASAN). However, the firm raised their price target to $85, indicating a possible decrease of -74.12% in the stock price. Analysts have assigned Asana Inc. (ASAN) an Overweight rating. ASAN is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 8 others recommend it as a buy.

What is ASAN’s price target for the next 12 months?

The current consensus forecast for the stock is between $71.00 and $151.00, with a median target price of $107.50. In analyzing these forecasts, the average price target given by analysts for Asana Inc. (ASAN) is $106.00.


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