DGS Capital Management LLC Sells 15,300 Shares of Asana, Inc. (NYSE:ASAN)

DGS Capital Management LLC decreased its position in shares of Asana, Inc. (NYSE:ASAN) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,025 shares of the company’s stock after selling 15,300 shares during the period. DGS Capital Management LLC’s holdings in Asana were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Asana during the third quarter worth $43,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Asana by 139.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,673 shares of the company’s stock valued at $93,000 after acquiring an additional 3,885 shares during the last quarter. Scientech Research LLC acquired a new stake in shares of Asana during the 2nd quarter valued at $146,000. Finally, Empirical Asset Management LLC bought a new stake in Asana during the 4th quarter worth $218,000. 26.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada reiterated an “underperform” rating and issued a $10.00 target price on shares of Asana in a research report on Friday, December 6th. JMP Securities lifted their target price on shares of Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday, December 6th. Oppenheimer upped their price target on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird raised their price target on shares of Asana from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Morgan Stanley boosted their price objective on shares of Asana from $14.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Asana presently has an average rating of “Hold” and an average target price of $17.73.

Asana Stock Down 3.3 %

Shares of NYSE ASAN opened at $19.67 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.50 billion, a PE ratio of -17.56 and a beta of 1.10. The company’s fifty day simple moving average is $19.66 and its 200 day simple moving average is $15.27. Asana, Inc. has a 12-month low of $11.05 and a 12-month high of $27.77.

Insider Activity

In other news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the sale, the chief operating officer now owns 733,855 shares in the company, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 63.97% of the company’s stock.

Asana Profile

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.