The Vanguard Group, Inc. has recently announced that it has increased stake in Asana Inc (NYSE:ASAN) by 4.99%. After grabbing 8.98 million shares, the institutional investor is now in possession of 0.43 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.70% having worth around $165.94 million. Moreover, BlackRock Fund Advisors increased its share by 0.2 million to have a control over 5.56 million shares. And SSgA Funds Management, Inc. raised its holdings to 15369.0 shares by acquiring 2.23 million shares or 1.66% of the stake.
Asana Inc (ASAN) concluded trading on 12/14/23 at a closing price of $20.41, with 4.13 million shares of worth about $84.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.46% during that period and on Thursday the price saw a gain of about 2.46%. Currently the company’s common shares owned by public are about 128.80M shares, out of which, 76.75M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 136 times over the past 12 months. They bought 9,420,243 shares in 108 of the transactions. In 28 selling transactions, insiders dumped 489,335 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Asana Inc Vanguard Total Stock Market ETF is currently holding 2.49 million shares of worth totaling $45.91 million. The company recently came buying 93840.0 shares which brought its stake up to 1.85% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 10184.0 shares, after which its hold over company’s outstanding shares expand to 1.52%, leaving 2.03 million shares with the mutual fund that have a worth of about $37.58 million. iShares Russell 2000 ETF, after selling 1.85 million shares, have now control over 1.38% of the stake in the company. It holds 18585.0 shares of worth $34.18 million.
However, the stock later moved at a day high price of 21.55, or with a gain of 2.46%. Stock saw a price change of 9.03% in past 5 days and over the past one month there was a price change of -2.67%. Year-to-date (YTD), ASAN shares are showing a performance of 48.22% which increased to 31.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.32 but also hit the highest price of $26.27 during that period. The average intraday trading volume for Asana Inc shares is 2.73 million. The stock is currently trading -1.87% below its 20-day simple moving average (SMA20), while that difference is up 4.82% for SMA50 and it goes to 1.51% higher than SMA200.
The Vanguard Group, Inc. acquired 8.98 million shares of Asana Inc having value of about $165.94 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.43 million shares in the company valued at close to $8711559.48, or have control over 4.99% stake in the company. Asana Inc (NYSE: ASAN) currently have 128.80M outstanding shares and institutions hold larger chunk of about 24.29% of that. Holding of mutual funds in the company is about 22.72% while other institutional holders and individual stake holders have control over 48.80% and 17.85% of the stake respectively.
The stock has a current market capitalization of $4.54B and its 3Y-monthly beta is at 1.28. It has posted earnings per share of -$1.33 in the same period. It has Quick Ratio of 1.82 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASAN, volatility over the week remained 6.14% while standing at 4.92% over the month.
Stock’s fiscal year EPS is expected to rise by 73.76% while it is estimated to increase by 27.95% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 06, 2023 offering a Reduce rating for the stock and assigned a target price of $18 to it.
