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Recent Insider Activity Could Benefit Asana Inc (ASAN)

Asana Inc’s recently made public that its GC, Corporate Secretary LACEY ELEANOR B unloaded Company’s shares for reported $0.11 million on Sep 20 ’24. In the deal valued at $11.99 per share,9,308 shares were sold. As a result of this transaction, LACEY ELEANOR B now holds 375,310 shares worth roughly $4.57 million.

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Then, LACEY ELEANOR B sold 4,977 shares, generating $58,662 in total proceeds. Upon selling the shares at $11.79, the GC, Corporate Secretary now owns 370,333 shares.

Before that, Raimondi Anne sold 29,807 shares. Asana Inc shares valued at $357,386 were divested by the Chief Operating Officer at a price of $11.99 per share. As a result of the transaction, Raimondi Anne now holds 761,088 shares, worth roughly $9.27 million.

HSBC Securities upgraded its Asana Inc [ASAN] rating to a Hold from a a Reduce in a research note published on June 03, 2024; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late May from “an Underweight” to “a Neutral”. BofA Securities started covering the stock on February 26, 2024. It rated ASAN as “a Buy”.

Price Performance Review of ASAN

On Tuesday, Asana Inc [NYSE:ASAN] saw its stock fall -0.16% to $12.18. Over the last five days, the stock has gained 4.19%. Asana Inc shares have fallen nearly -35.93% since the year began. Nevertheless, the stocks have fallen -30.72% over the past one year. While a 52-week high of $23.44 was reached on 03/01/24, a 52-week low of $11.05 was recorded on 09/10/24. SMA at 50 days reached $12.42, while 200 days put it at $14.91.

Levels Of Support And Resistance For ASAN Stock

The 24-hour chart illustrates a support level at 11.99, which if violated will result in even more drops to 11.81. On the upside, there is a resistance level at 12.37. A further resistance level may holdings at 12.56. The Relative Strength Index (RSI) on the 14-day chart is 53.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.06%. Stochastics %K at 85.70% indicates the stock is a selling.

How much short interest is there in Asana Inc?

A steep rise in short interest was recorded in Asana Inc stocks on 2024-09-30, dropping by -1.17 million shares to a total of 8.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.49 million shares. There was a decline of -14.12%, which implies that there is a negative sentiment for the stock.

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