Asana Inc’s recently made public that its Director Rosenstein Justin unloaded Company’s shares for reported $4.27 million on Feb 04 ’25. In the deal valued at $21.78 per share,196,067 shares were sold. As a result of this transaction, Rosenstein Justin now holds 1,651,242 shares worth roughly $36.92 million.
Then, Rosenstein Justin sold 3,933 shares, generating $86,447 in total proceeds. Upon selling the shares at $21.98, the Director now owns 1,647,309 shares.
Before that, Rosenstein Justin sold 200,000 shares. Asana Inc shares valued at $4,334,094 were divested by the Director at a price of $21.67 per share. As a result of the transaction, Rosenstein Justin now holds 1,847,309 shares, worth roughly $41.31 million.
KeyBanc Capital Markets upgraded its Asana Inc [ASAN] rating to a Sector weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid November with a ‘”a Sector perform”‘ rating. HSBC Securities also remained covering ASAN and has increased its forecast on June 03, 2024 with a “Hold” recommendation from previously “Reduce” rating. Piper Sandler revised its rating on May 31, 2024. It rated ASAN as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of ASAN
On Tuesday, Asana Inc [NYSE:ASAN] saw its stock fall -4.61% to $22.36. Over the last five days, the stock has gained 1.96%. Asana Inc shares have risen nearly 10.31% since the year began. Nevertheless, the stocks have risen 17.93% over the past one year. While a 52-week high of $27.77 was reached on 02/10/25, a 52-week low of $11.05 was recorded on 01/14/25. SMA at 50 days reached $20.89, while 200 days put it at $15.27.
Levels Of Support And Resistance For ASAN Stock
The 24-hour chart illustrates a support level at 21.77, which if violated will result in even more drops to 21.19. On the upside, there is a resistance level at 23.19. A further resistance level may holdings at 24.03. The Relative Strength Index (RSI) on the 14-day chart is 57.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.81%. Stochastics %K at 75.46% indicates the stock is a holding.
How much short interest is there in Asana Inc?
A steep rise in short interest was recorded in Asana Inc stocks on 2024-11-15, growing by 0.12 million shares to a total of 8.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.55 million shares. There was a rise of 1.34%, which implies that there is a positive sentiment for the stock.
