The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Asana Inc shares valued at $4,334,094 were sold by Rosenstein Justin on Jan 28 ’25. At $21.67 per share, Rosenstein Justin sold 200,000 shares. The insider’s holdings dropped to 1,847,309 shares worth approximately $40.92 million following the completion of this transaction.
Also, JUSTIN ROSENSTEIN purchased 350,000 shares, netting a total of over 7,024,500 in proceeds.
Before that, Rosenstein Justin had sold 150,000 shares from its account. In a trade valued at $3,001,500, the Director traded Asana Inc shares for $20.01 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $45.35 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 2.07%. Over the course of the year, Asana Inc shares have jumped approximately 9.27%. Shares of the company reached a 52-week high of $23.15 on 01/31/25 and a 52-week low of $18.43 on 01/14/25. A 50-day SMA is recorded $20.34, while a 200-day SMA reached $15.11. Nevertheless, trading volume fell to 2.1 million shares from 2.51 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 21.80, which, if violated, would cause prices to drop to 21.45. In the upper region, resistance lies at 22.44. The next price resistance is at 22.73. RSI (Relative Strength Index) is 59.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 23.53%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
