Value Investing Philosophy And Asana Inc (NYSE: ASAN)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Asana Opens Office in Warsaw, Poland.

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Stocks Info

ASAN belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $19.04 and fluctuated between $19.37 as its day high and $18.54 as its day low. The current market capitalization of Asana Inc is $4.24B. A total of 2.14 million shares were traded on the day, compared to an average of 2.44M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ASAN has seen 11 BUY and 3 SELL insider trades, representing the acquisition of 379,107 and the disposition of 15,000 shares. Over the last 12 months, there were 109 BUYs and 27 SELLs from insiders. Insiders purchased 9,425,243 shares during that period but sold 487,246.

In the most recent transaction, Wan Tim M sold 5,000 shares of ASAN for 19.27 per share on Dec 22. After the transaction, the Chief Financial Officer now owns 763,993 company shares. In a previous transaction on Dec 21, Wan Tim M sold 5,000 shares at 19.05 per share. ASAN shares that Chief Financial Officer owns now total 763,993.

Among the insiders who sold shares, Raimondi Anne disposed of 17,045 shares on Dec 20 at a per-share price of $19.31. This resulted in the Chief Operating Officer holding 502,636 shares of ASAN after the transaction. In another insider transaction, Wan Tim M sold 14,535 shares at $19.31 per share on Dec 20. Company shares held by the Chief Financial Officer now total 763,993.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ASAN has a high of $26.27 and a low of $12.98.

As of this writing, ASAN has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.04 in the last quarter, which was 63.60% higher than expectations of -$0.11.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ASAN’s latest balance sheet shows that the firm has $312.03M in Cash & Short Term Investments as of fiscal 2022. There were $255.61M in debt and $255.19M in liabilities at the time. Its Book Value Per Share was $1.49, while its Total Shareholder’s Equity was $203.84M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASAN is Buy with a score of 2.85.

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