Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Asana Inc shares valued at $6,063,000 were purchased by JUSTIN ROSENSTEIN on Jan 23 ’25. At $20.21 per share, JUSTIN ROSENSTEIN acquired 300,000 shares.
Also, LACEY ELEANOR B sold 3,841 shares, netting a total of over 83,883 in proceeds. Following the sale of shares at $21.84 each, the insider now holds 353,584 shares.
Before that, LACEY ELEANOR B had sold 12,908 shares from its account. In a trade valued at $280,293, the GC, Corporate Secretary traded Asana Inc shares for $21.71 each. Upon closing the transaction, the insider’s holdings decreased to 12,908 shares, worth approximately $7.27 million.
As published in a research note from KeyBanc Capital Markets on December 06, 2024, Asana Inc [ASAN] has been rated up from an Underweight to a Sector weight. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in mid November. As of June 03, 2024, HSBC Securities has increased its “Reduce” rating to a “Hold” for ASAN. Earlier on May 31, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for ASAN stock which previously was a “an Underweight”.
Analyzing ASAN Stock Performance
During the last five days, there has been a surge of approximately 3.46%. Over the course of the year, Asana Inc shares have jumped approximately 0.39%. Shares of the company reached a 52-week high of $23.02 on 01/06/25 and a 52-week low of $18.43 on 01/14/25. A 50-day SMA is recorded $19.05, while a 200-day SMA reached $14.80. Nevertheless, trading volume fell to 1.99 million shares from 2.39 million shares the previous day.
Support And Resistance Levels for Asana Inc (ASAN)
According to the 24-hour chart, there is a support level at 19.76, which, if violated, would cause prices to drop to 19.16. In the upper region, resistance lies at 20.67. The next price resistance is at 20.98. RSI (Relative Strength Index) is 51.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 58.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
