AsanaASAN
Market Cap: 3.51B
About: Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana's offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.
Employees: 1,840
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 2 (+1) [Q1 2024]
10% more call options, than puts
Call options by funds: $37.5M | Put options by funds: $34.2M
0.04% less ownership
Funds ownership: 42.19% [Q4 2023] → 42.15% (-0.04%) [Q1 2024]
5% less funds holding
Funds holding: 215 [Q4 2023] → 204 (-11) [Q1 2024]
15% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 71
17% less capital invested
Capital invested by funds: $1.1B [Q4 2023] → $910M (-$189M) [Q1 2024]
25% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 44
Research analyst outlook
20 Wall Street Analysts provided 1 year price forecasts over the past 6 months
20 analyst ratings
JMP Securities Joe Goodwin | 76%upside $27 | Market Outperform Reiterated | 15 Jul 2024 |
Piper Sandler Brent Bracelin | 9%downside $14 | Neutral Maintained | 12 Jul 2024 |
Citigroup Steven Enders | 2%downside $15 | Neutral Maintained | 26 Jun 2024 |
Keybanc Jason Ader | 15%downside $13 | Underweight Maintained | 3 Jun 2024 |
Jefferies Brent Thill | 4%upside $16 | Hold Maintained | 31 May 2024 |