Asana Sees Unusually High Options Volume (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 37,356 call options on the company. This represents an increase of 861% compared to the average volume of 3,889 call options.

Asana Trading Up 2.1%

Shares of NYSE:ASAN traded up $0.18 during trading on Tuesday, hitting $8.40. 4,209,856 shares of the company’s stock were exchanged, compared to its average volume of 4,314,367. The firm has a 50-day moving average price of $12.51 and a two-hundred day moving average price of $13.34. Asana has a 1-year low of $8.06 and a 1-year high of $24.50. The firm has a market cap of $1.99 billion, a P/E ratio of -9.08 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

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

Analyst Upgrades and Downgrades

ASAN has been the topic of a number of research reports. Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. DA Davidson cut their price objective on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Citigroup upgraded Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, January 15th. Finally, KeyCorp raised Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.75.

Insiders Place Their Bets

In related news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total transaction of $336,983.52. Following the completion of the sale, the chief financial officer directly owned 968,149 shares of the company’s stock, valued at $13,108,737.46. This 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 at the SEC website. Also, COO Anne Raimondi sold 62,165 shares of Asana stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the completion of the transaction, the chief operating officer owned 702,013 shares in the company, valued at $10,045,806.03. The trade was a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,127,448 shares of company stock worth $16,825,400 over the last ninety days. Company insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Institutional investors have recently modified their holdings of the company. Bogart Wealth LLC bought a new position in shares of Asana during the second quarter worth about $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Asana in the third quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its position in shares of Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after purchasing an additional 1,391 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Asana by 137.7% during the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors.

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.