Katie Marie Colendich Sells 5,242 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 5,242 shares of Asana stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the transaction, the insider directly owned 176,598 shares of the company’s stock, valued at approximately $1,179,674.64. This trade represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Katie Marie Colendich also recently made the following trade(s):

• On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The shares were sold at an average price of $6.74, for a total value of $56,191.38.
• On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The stock was sold at an average price of $6.66, for a total value of $50,929.02.

Asana Stock Performance

Shares of ASAN stock opened at $7.29 on Thursday. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The stock has a 50 day simple moving average of $6.90 and a two-hundred day simple moving average of $8.41. The company has a market cap of $1.68 billion, a P/E ratio of -10.57 and a beta of 0.97.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $205.09 million for the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. 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, research analysts predict that Asana, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. Citigroup restated a “market outperform” rating on shares of Asana in a research note on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research report on Friday, May 29th. KeyCorp dropped their price target on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.27.

Institutional Investors Weigh In On Asana

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in Asana in the 3rd quarter worth $27,000. Optiver Holding B.V. raised its stake in shares of Asana by 2,008.8% in the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after purchasing an additional 5,002 shares during the last quarter. Performa Ltd US LLC lifted its holdings in shares of Asana by 335.1% during the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after purchasing an additional 4,775 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asana during the fourth quarter worth about $50,000. Finally, Summit Securities Group LLC purchased a new stake in Asana in the first quarter valued at approximately $53,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

About Asana

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.