Asana, Inc. $ASAN Stake Lessened by Voya Investment Management LLC

Voya Investment Management LLC decreased its position in shares of Asana, Inc. (NYSE:ASAN) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,923,447 shares of the company’s stock after selling 651,349 shares during the period. Voya Investment Management LLC owned 2.08% of Asana worth $65,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Asana in the 2nd quarter worth $27,000. AlphaQuest LLC increased its holdings in shares of Asana by 825.1% in the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after buying an additional 2,203 shares in the last quarter. Quarry LP lifted its position in shares of Asana by 104.8% during the 1st quarter. Quarry LP now owns 2,906 shares of the company’s stock valued at $42,000 after acquiring an additional 1,487 shares during the last quarter. Daiwa Securities Group Inc. boosted 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 worth $59,000 after acquiring an additional 1,706 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Asana in the 2nd quarter worth $90,000. 26.21% of the stock is owned by institutional investors.

Asana Trading Up 0.3%

Shares of ASAN stock opened at $14.46 on Friday. The firm has a market capitalization of $3.43 billion, a P/E ratio of -15.55 and a beta of 0.93. Asana, Inc. has a 1 year low of $11.58 and a 1 year high of $24.50. The firm’s fifty day simple moving average is $13.65 and its 200 day simple moving average is $13.95. 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 (NYSE:ASAN) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The company had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, sell-side analysts predict that Asana, Inc. will post -1.09 EPS for the current year.

Insider Activity

In other news, CFO Sonalee Elizabeth Parekh sold 194,976 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total value of $2,762,809.92. Following the completion of the transaction, the chief financial officer directly owned 1,140,067 shares of the company’s stock, valued at approximately $16,154,749.39. This represents a 14.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Justin Rosenstein sold 1,199,560 shares of the business’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total value of $18,269,298.80. Following the completion of the sale, the director directly owned 1,555,925 shares in the company, valued at approximately $23,696,737.75. This represents a 43.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,286,376 shares of company stock worth $49,476,318. 61.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Asana from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of Asana in a report on Thursday, September 4th. DA Davidson decreased their price objective on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. BTIG Research started coverage on shares of Asana in a report on Tuesday. They set a “neutral” rating for the company. Finally, Morgan Stanley lifted their target price on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Asana has a consensus rating of “Hold” and a consensus price target of $16.32.

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.