Cresset Asset Management LLC Has $1.47 Million Stock Position in Asana, Inc. $ASAN

Cresset Asset Management LLC trimmed its position in Asana, Inc. (NYSE:ASAN) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,906 shares of the company’s stock after selling 813 shares during the quarter. Cresset Asset Management LLC’s holdings in Asana were worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASAN. Russell Investments Group Ltd. boosted its holdings in Asana by 146.6% during the first quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock worth $1,727,000 after buying an additional 70,145 shares during the last quarter. Nuveen LLC bought a new position in Asana during the first quarter worth about $8,419,000. Deutsche Bank AG boosted its holdings in Asana by 2.6% during the first quarter. Deutsche Bank AG now owns 189,698 shares of the company’s stock worth $2,764,000 after buying an additional 4,855 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Asana by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock worth $10,815,000 after buying an additional 47,480 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Asana by 4.7% during the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock worth $155,261,000 after buying an additional 475,100 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Stock Down 0.8%

Shares of Asana stock opened at $13.6880 on Thursday. The business’s 50 day simple moving average is $14.00 and its 200 day simple moving average is $16.07. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The firm has a market cap of $3.22 billion, a PE ratio of -13.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $187.63 million for the quarter, compared to analyst estimates of $185.40 million. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. On average, analysts predict that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Wednesday, June 4th. Jefferies Financial Group lifted their price objective on Asana from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, June 4th. Wall Street Zen cut Asana from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. FBN Securities upgraded Asana to a “strong-buy” rating in a report on Wednesday, June 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Asana in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Asana has an average rating of “Hold” and a consensus target price of $15.97.

Insider Activity at Asana

In other Asana news, CEO Dustin A. Moskovitz bought 225,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were acquired at an average cost of $13.58 per share, with a total value of $3,055,500.00. Following the acquisition, the chief executive officer owned 51,711,191 shares of the company’s stock, valued at $702,237,973.78. The trade was a 0.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 966,576 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total value of $14,537,303.04. Following the transaction, the director directly owned 4,797,091 shares in the company, valued at $72,148,248.64. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 4,805,564 shares of company stock worth $68,126,371 and have sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is owned by insiders.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.