Asana Inc’s recent filing unveils that its GC, CORPORATE SECRETARY LACEY ELEANOR B unloaded Company’s shares for reported $69027.0 on Apr 01 ’24. In the deal valued at $15.47 per share,4,462 shares were sold. As a result of this transaction, LACEY ELEANOR B now holds 220,739 shares worth roughly $3.24 million.
Then, Raimondi Anne sold 11,779 shares, generating $181,137 in total proceeds. Upon selling the shares at $15.38, the CHIEF OPERATING OFFICER now owns 492,230 shares.
Before that, Wan Tim M sold 10,105 shares. Asana Inc shares valued at $155,395 were divested by the CHIEF FINANCIAL OFFICER at a price of $15.38 per share. As a result of the transaction, Wan Tim M now holds 753,888 shares, worth roughly $11.07 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. HSBC Securities revised its rating on December 06, 2023. It rated ASAN as “a Reduce” which previously was an “a Hold”.
Price Performance Review of ASAN
On Friday, Asana Inc [NYSE:ASAN] saw its stock fall -1.14% to $14.69. Over the last five days, the stock has lost -5.16%. Asana Inc shares have fallen nearly -22.72% since the year began. Nevertheless, the stocks have fallen -28.10% over the past one year. While a 52-week high of $26.27 was reached on 03/01/24, a 52-week low of $14.70 was recorded on 04/05/24. SMA at 50 days reached $17.53, while 200 days put it at $19.44. A total of 1.21 million shares were traded, compared to the trading of 2.37 million shares in the previous session.
Levels Of Support And Resistance For ASAN Stock
The 24-hour chart illustrates a support level at 14.57, which if violated will result in even more drops to 14.45. On the upside, there is a resistance level at 14.87. A further resistance level may holdings at 15.05. The Relative Strength Index (RSI) on the 14-day chart is 27.24, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.08%. Stochastics %K at 8.54% indicates the stock is a buying.
How much short interest is there in Asana Inc?
A steep rise in short interest was recorded in Asana Inc stocks on Mar 15, 2024, growing by 1.86 million shares to a total of 11.86 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.0 million shares. There was a rise of 15.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.84.
