AsanaASAN
Market Cap: $2.69B
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 Q2 SEC filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 59
1.13% more ownership
Funds ownership: 43.17% [Q1] → 44.3% (+1.13%) [Q2]
7% more call options, than puts
Call options by funds: $30M | Put options by funds: $28M
4% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 47
1% more funds holding
Funds holding: 208 [Q1] → 210 (+2) [Q2]
5% less capital invested
Capital invested by funds: $932M [Q1] → $884M (-$48M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Citigroup Steven Enders 71% 1-year accuracy 15 / 21 met price target | 10%upside $13 | Neutral Maintained | 4 Sept 2024 |
JP Morgan Pinjalim Bora 44% 1-year accuracy 12 / 27 met price target | 10%upside $13 | Underweight Maintained | 4 Sept 2024 |
DA Davidson Lucky Schreiner 100% 1-year accuracy 2 / 2 met price target | 7%downside $11 | Neutral Assumed | 4 Sept 2024 |
Keybanc Jason Ader 64% 1-year accuracy 14 / 22 met price target | 15%downside $10 | Underweight Maintained | 4 Sept 2024 |
JMP Securities Joe Goodwin 37% 1-year accuracy 10 / 27 met price target | 78%upside $21 | Market Outperform Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 11 articles about ASAN published over the past 30 days