Asana (NYSE:ASAN) CFO Sonalee Elizabeth Parekh Sells 24,888 Shares

Asana, Inc. (NYSE:ASAN) CFO Sonalee Elizabeth Parekh sold 24,888 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total value of $336,983.52. Following the sale, the chief financial officer directly owned 968,149 shares in the company, valued at approximately $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sonalee Elizabeth Parekh also recently made the following trade(s):

• On Monday, December 22nd, Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock. The stock was sold at an average price of $14.31, for a total transaction of $1,197,117.36.

Asana Price Performance

Shares of ASAN stock traded down $0.88 during mid-day trading on Tuesday, hitting $13.51. 4,166,338 shares of the stock were exchanged, compared to its average volume of 3,650,199. Asana, Inc. has a 52-week low of $11.58 and a 52-week high of $24.50. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.20 billion, a PE ratio of -14.52 and a beta of 0.93. The firm has a fifty day moving average of $13.65 and a 200 day moving average of $13.90.

Asana (NYSE:ASAN) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.Asana’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several recent analyst reports. BTIG Research initiated coverage on shares of Asana in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. Morgan Stanley lifted their target price on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, September 4th. Citigroup decreased their price target on shares of Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Robert W. Baird lifted their price objective on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, KeyCorp upgraded Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.32.

Institutional Trading of Asana

Several large investors have recently bought and sold shares of ASAN. Charles Schwab Investment Management Inc. lifted its holdings in Asana by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after acquiring an additional 47,480 shares during the last quarter. Russell Investments Group Ltd. raised its position in Asana by 146.6% in the first quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock valued at $1,727,000 after purchasing an additional 70,145 shares during the period. AlphaQuest LLC lifted its stake in shares of Asana by 825.1% in the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after purchasing an additional 2,203 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Asana during the 1st quarter worth $592,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Asana during the 1st quarter worth about $1,148,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana News Roundup

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Recent results and guidance: Asana reported a December-quarter revenue and EPS beat and issued FY/Q4 guidance that implies continued progress toward profitability — a constructive signal for the business model and long-term margin improvement. MarketBeat ASAN page
• Positive Sentiment: Analyst support: Some analysts have raised ratings/price targets (e.g., KeyCorp upgraded to overweight with a $18 target), providing a partial offset to selling pressure from insiders. MarketBeat ASAN page
• Neutral Sentiment: Institutional ownership shifts: Several large funds (Arrowstreet, Acadian, Marshall Wace, Woodline, Nuveen) have materially increased stakes in 2025 — a sign of long-term investor interest, but not an immediate counter to near-term insider selling. MarketBeat ASAN page
• Negative Sentiment: Executive selling — CFO: Sonalee Parekh sold a total of 108,544 shares in two trades (83,656 shares on Dec. 22 at $14.31 and 24,888 shares on Dec. 23 at $13.54), totaling roughly $1.53M — reducing her stake by several percent. This material sale by the finance chief is likely contributing to downward pressure. SEC Form 4 (Parekh)
• Negative Sentiment: Executive selling — COO: Anne Raimondi sold roughly 160,456 shares across multiple transactions (76,093 on Dec. 19 at $14.47; 62,165 on Dec. 22 at $14.31; 22,198 on Dec. 18 at $14.52), totaling ~ $2.31M and cutting her holdings by several percentage points — another significant insider liquidation. SEC Form 4 (Raimondi) InsiderTrades summary

Asana Company Profile

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.