Insider Selling: Asana (NYSE:ASAN) CEO Sells $180,930.84 in Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Rogers sold 18,021 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $10.04, for a total transaction of $180,930.84. Following the transaction, the chief executive officer owned 1,456,698 shares in the company, valued at approximately $14,625,247.92. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

• On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The stock was sold at an average price of $9.13, for a total transaction of $1,371,097.75.
• On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The shares were sold at an average price of $9.53, for a total transaction of $2,867,929.61.
• On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The stock was sold at an average price of $10.00, for a total transaction of $16,550.00.

Asana Stock Up 6.4%

Shares of NYSE ASAN opened at $10.44 on Friday. Asana, Inc. has a twelve month low of $5.38 and a twelve month high of $15.28. The stock’s 50 day moving average price is $9.38 and its 200-day moving average price is $7.82. The company has a market capitalization of $2.39 billion, a PE ratio of -15.81 and a beta of 1.19.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. Asana had a negative return on equity of 80.33% and a negative net margin of 18.62%. Asana’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, research analysts expect that Asana, Inc. will post -0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ASAN shares. Robert W. Baird raised their target price on Asana from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Citigroup restated a “market outperform” rating on shares of Asana in a research report on Monday, August 24th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. DA Davidson raised their price objective on shares of Asana from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Finally, Barclays lowered shares of Asana to an “outperform” rating in a research report on Monday, August 24th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.95.

Institutional Trading of Asana

A number of institutional investors have recently modified their holdings of ASAN. Bank of America Corp DE raised its holdings in Asana by 92.6% during the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after acquiring an additional 1,075,572 shares during the period. Y Intercept Hong Kong Ltd lifted its position in shares of Asana by 250.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock worth $3,410,000 after acquiring an additional 380,741 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Asana by 108.3% in the second quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock worth $6,217,000 after acquiring an additional 461,858 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Asana in the first quarter worth $1,016,000. Finally, Royal Bank of Canada boosted its holdings in shares of Asana by 2,925.2% in the first quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock worth $1,157,000 after acquiring an additional 174,663 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

About Asana

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks, goals and business processes. Its platform provides tools for assigning and tracking work, managing timelines and dependencies, communicating about projects, and monitoring progress across teams and departments.

Asana’s products support a range of use cases, including project and portfolio management, workflow automation, strategic planning, marketing campaigns, product development and employee onboarding.