Trading Day Review: Asana Inc (ASAN) Gains Momentum, Closing at 18.96

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The price of Asana Inc (NYSE: ASAN) closed at $18.96 in the last session, up 1.50% from day before closing price of $18.68. In other words, the price has increased by $1.50 from its previous closing price. On the day, 1.72 million shares were traded.

Ratios:

We take a closer look at ASAN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 1.03.

On November 19, 2024, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $15.

HSBC Securities Upgraded its Reduce to Hold on June 03, 2024, whereas the target price for the stock was revised from $16 to $14.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 03 ’25 when Rosenstein Justin sold 150,000 shares for $18.97 per share. The transaction valued at 2,845,954 led to the insider holds 947,309 shares of the business.

JUSTIN ROSENSTEIN bought 550,000 shares of ASAN for $10,587,500 on Mar 03 ’25. On Feb 24 ’25, another insider, Rosenstein Justin, who serves as the Director of the company, sold 150,000 shares for $19.76 each. As a result, the insider received 2,963,662 and left with 1,097,309 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 6.14 while its Price-to-Book (P/B) ratio in mrq is 18.11.

Stock Price History:

Over the past 52 weeks, ASAN has reached a high of $27.77, while it has fallen to a 52-week low of $11.05. The 50-Day Moving Average of the stock is -9.24%, while the 200-Day Moving Average is calculated to be 20.92%.

Shares Statistics:

A total of 143.16M shares are outstanding, with a floating share count of 84.13M. Insiders hold about 63.22% of the company’s shares, while institutions hold 31.25% stake in the company.

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