Katie Marie Colendich Sells 7,647 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 7,647 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $50,929.02. Following the completion of the transaction, the insider owned 190,177 shares of the company’s stock, valued at $1,266,578.82. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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 stock was sold at an average price of $6.74, for a total value of $56,191.38.

Asana Stock Performance

Shares of NYSE:ASAN opened at $6.41 on Friday. The company has a market capitalization of $1.48 billion, a P/E ratio of -9.28 and a beta of 1.02. The company’s 50-day moving average is $6.82 and its 200 day moving average is $8.63. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71.

Asana (NYSE:ASAN) last posted its quarterly earnings data 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 business had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, research analysts predict that Asana, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. DA Davidson restated a “neutral” rating and issued a $8.00 target price on shares of Asana in a research note on Friday, May 29th. Wall Street Zen raised Asana from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Robert W. Baird cut their price target on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, KeyCorp decreased their price objective on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.27.

Institutional Investors Weigh In On Asana

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in shares of Asana during the third quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Asana in the fourth quarter valued at $50,000. Daiwa Securities Group Inc. raised its stake in shares of Asana by 64.0% during the 2nd 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 during the period. Optiver Holding B.V. raised its stake in shares of Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after purchasing an additional 5,002 shares during the period. Finally, Performa Ltd US LLC lifted its holdings in Asana by 335.1% during the 1st 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 in the last quarter. Institutional investors own 26.21% of the company’s stock.

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.