Asana (NYSE:ASAN) CEO Sells 26,975 Shares

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 26,975 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $179,653.50. Following the completion of the sale, the chief executive officer owned 1,905,780 shares of the company’s stock, valued at approximately $12,692,494.80. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Asana Price Performance

Shares of NYSE ASAN traded down $0.04 during midday trading on Wednesday, reaching $6.63. The company’s stock had a trading volume of 3,405,849 shares, compared to its average volume of 6,137,649. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71. The firm has a 50 day moving average price of $6.78 and a 200-day moving average price of $8.74. The stock has a market capitalization of $1.53 billion, a P/E ratio of -9.62 and a beta of 1.02.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.Asana’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, equities analysts predict that Asana, Inc. will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after purchasing an additional 2,328 shares during the period. Empowered Funds LLC lifted its stake in shares of Asana by 40.9% during the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after buying an additional 7,381 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Asana by 14.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after buying an additional 32,708 shares in the last quarter. American Century Companies Inc. bought a new position in Asana in the 2nd quarter worth approximately $158,000. Finally, Prudential Financial Inc. bought a new position in Asana in the 2nd quarter worth approximately $160,000. Institutional investors own 26.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ASAN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Asana from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Morgan Stanley reduced their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, May 29th. DA Davidson restated a “neutral” rating and set a $8.00 price objective on shares of Asana in a report on Friday, May 29th. UBS Group reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.27.

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.