Asana Inc. (ASAN) Stock: Should Investors Follow These Insider Trades?


Asana Inc. (NYSE:ASAN) saw a downside of -3.19% to close Tuesday at $13.96 after subtracting -$0.46 on the day. The 5-day average trading volume is 2,879,900 shares of the company’s common stock. It has gained $15.06 in the past week and touched a new high 1 time within the past 5 days. An average of 3,101,640 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,830,244.

ASAN’s 1-month performance is 4.57% or $0.79 on its low of $11.32 reached on 01/06/23. The company’s shares have touched a 52-week low of $11.32 and high of $74.89, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, ASAN has achieved 1.38% or $0.19 and has reached a new high 4 times. However, the current price is down -81.36% from the 52-week high price.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


Insider Transactions

ASAN stock investors last saw insider trading activity on Dec 21.LACEY ELEANOR B (GC, Corporate Secretary) most recently sold 2,034 shares at $13.65 per share on Dec 21. This transaction cost the insider $27,764. Chief Financial Officer, Wan Tim M, sold 5,055 shares at a price of $13.65 on Dec 21. Then, on Sep 22, GC, Corporate Secretary LACEY ELEANOR B sold 303 shares at a price of $22.91 per share. This transaction amounted to $6,942.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.63 while the price-to-book (PB) in the most recent quarter is 7.23.

Asana Inc.’s quick ratio for the period ended July 30 was 2.10, with the current ratio over the same period at 2.10.. In terms of profitability, the gross margin trailing 12 months is 89.60%. The firm’s gross profit as reported stood at $339.54 million against revenue of $378.44 million.

Earnings Surprise

For the quarterly period ending July 30 this year, Asana Inc.’s cash and short-term investments amounted to $36.32 million against total debt of $249.23 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 31.34% to -$100.91 million, while revenue of -$112.97 million was -11.95% off the previous quarter. Analysts expected ASAN to announce -$0.39 per share in earnings in its latest quarter, but it posted -$0.34, representing a 12.80% surprise. EBITDA for the quarter stood at more than -$93.96 million. ASAN stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 558.04 million, with total debt at $249.23 million. Shareholders hold equity totaling $212.77 million.

Let’s look briefly at Asana Inc. (ASAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 52.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 362.18%.

The stock’s 5-day moving average is $13.82, reflecting a -2.85% or -$0.41 change from its current price. ASAN is currently trading +6.97% above its 20-day SMA, -26.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.91% and SMA200 by-61.65%.

Stochastic %K and %D was 71.39% and 65.18% and the average true range (ATR) pointed at 1.00. The RSI (14) points at 49.37%, while the 14-day stochastic is at 70.59% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.54 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Asana Inc. (NYSE: ASAN), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock.


Please enter your comment!
Please enter your name here