Katie Marie Colendich Sells 8,337 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 8,337 shares of Asana stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total transaction of $56,191.38. Following the sale, the insider directly owned 181,840 shares of the company’s stock, valued at approximately $1,225,601.60. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Marie Colendich also recently made the following trade(s):

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

Asana Price Performance

Asana stock opened at $6.41 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of -9.28 and a beta of 1.02. The stock’s fifty day moving average is $6.82 and its two-hundred day moving average is $8.63. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.71.

Asana (NYSE:ASAN) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The business had revenue of $205.09 million during the quarter, compared to analysts’ expectations of $203.58 million. During the same period in the prior year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, research analysts expect that Asana, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Asana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Asana in the third quarter valued at approximately $27,000. Optiver Holding B.V. grew its position in shares of Asana by 2,008.8% during the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after acquiring an additional 5,002 shares during the last quarter. Performa Ltd US LLC increased its holdings in shares of Asana by 335.1% in the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after acquiring an additional 4,775 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Asana in the 4th quarter valued at $50,000. Finally, Summit Securities Group LLC purchased a new stake in Asana in the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research report on Friday, May 29th. Piper Sandler reiterated a “neutral” rating and set a $7.00 price target (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. DA Davidson restated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Finally, Citigroup restated a “market outperform” rating on shares of Asana in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Asana currently has an average rating of “Hold” and an average target price of $9.27.

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.