Asana (NYSE:ASAN) Insider Sells $35,016.56 in Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 5,242 shares of Asana stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.68, for a total transaction of $35,016.56. Following the completion of the transaction, the insider owned 176,598 shares in the company, valued at approximately $1,179,674.64. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $6.74, for a total value of $56,191.38.
• On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The stock was sold at an average price of $6.66, for a total value of $50,929.02.

Asana Stock Up 0.5%

Shares of NYSE ASAN opened at $7.34 on Friday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -10.64 and a beta of 0.97. The stock’s fifty day simple moving average is $6.92 and its 200 day simple moving average is $8.37. Asana, Inc. has a 52-week low of $5.38 and a 52-week high of $15.71.

Asana (NYSE:ASAN) last announced its earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate 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 return on equity of 74.32% and a negative net margin of 20.21%.Asana’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business 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, analysts anticipate that Asana, Inc. will post -0.4 earnings per share for the current year.

Institutional Trading of Asana

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Asana by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock worth $180,606,000 after purchasing an additional 48,847 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Asana by 37.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock valued at $45,979,000 after buying an additional 1,969,657 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after buying an additional 977,107 shares during the period. Marshall Wace LLP grew its holdings in shares of Asana by 35.1% during the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after acquiring an additional 689,546 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of 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 in the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. KeyCorp cut their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Morgan Stanley reduced their target price on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen raised Asana from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.27.

Asana Company Profile

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.