Asana (NYSE:ASAN) Director Justin Rosenstein Sells 8,215 Shares of Stock

Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein sold 8,215 shares of Asana stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $14.95, for a total value of $122,814.25. Following the transaction, the director owned 1,060,631 shares of the company’s stock, valued at approximately $15,856,433.45. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Justin Rosenstein also recently made the following trade(s):

• On Tuesday, December 9th, Justin Rosenstein sold 850,233 shares of Asana stock. The stock was sold at an average price of $15.12, for a total transaction of $12,855,522.96.
• On Friday, October 24th, Justin Rosenstein sold 13,701 shares of Asana stock. The shares were sold at an average price of $14.95, for a total transaction of $204,829.95.
• On Tuesday, October 21st, Justin Rosenstein sold 458,878 shares of Asana stock. The shares were sold at an average price of $14.98, for a total transaction of $6,873,992.44.
• On Friday, October 10th, Justin Rosenstein sold 14,500 shares of Asana stock. The stock was sold at an average price of $15.07, for a total transaction of $218,515.00.
• On Thursday, October 9th, Justin Rosenstein sold 1,199,560 shares of Asana stock. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80.
• On Wednesday, October 8th, Justin Rosenstein sold 454,913 shares of Asana stock. The shares were sold at an average price of $15.08, for a total transaction of $6,860,088.04.

Asana Price Performance

Shares of Asana stock traded down $0.49 during trading hours on Wednesday, reaching $14.61. The stock had a trading volume of 2,997,957 shares, compared to its average volume of 3,662,765. The stock’s 50 day moving average is $13.60 and its 200 day moving average is $14.09. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Asana, Inc. has a twelve month low of $11.58 and a twelve month high of $27.77. The firm has a market capitalization of $3.45 billion, a PE ratio of -15.71 and a beta of 0.93.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $201.03 million during the quarter, compared to analyst estimates of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.Asana’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Equities analysts expect that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ASAN. Citigroup decreased their target price on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Morgan Stanley upped their price objective on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Robert W. Baird lifted their target price on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research note on Wednesday, October 8th. Finally, UBS Group reduced their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.19.

Institutional Investors Weigh In On Asana

A number of hedge funds have recently modified their holdings of the business. Landscape Capital Management L.L.C. acquired a new stake in Asana in the 1st quarter valued at about $1,148,000. Vanguard Group Inc. grew its position in shares of Asana by 4.7% in the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after purchasing an additional 475,100 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Asana by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after purchasing an additional 47,480 shares during the last quarter. Acadian Asset Management LLC lifted its position in Asana by 8,850.6% during the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock worth $16,950,000 after buying an additional 1,151,369 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake 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. 26.21% of the stock is currently owned by institutional investors and hedge funds.

About Asana

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.