Asana, Inc. $ASAN Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in Asana, Inc. (NYSE:ASAN) by 108.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 888,160 shares of the company’s stock after acquiring an additional 461,858 shares during the period. Squarepoint Ops LLC owned about 0.39% of Asana worth $6,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in Asana by 193.4% in the 2nd quarter. Allworth Financial LP now owns 13,195 shares of the company’s stock valued at $92,000 after purchasing an additional 8,698 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of Asana during the second quarter worth about $451,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Asana during the second quarter worth about $415,000. California State Teachers Retirement System boosted its position in shares of Asana by 874.2% in the second quarter. California State Teachers Retirement System now owns 764,533 shares of the company’s stock worth $5,352,000 after buying an additional 686,051 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in shares of Asana in the second quarter worth about $71,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Stock Performance

Shares of ASAN opened at $8.80 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of -13.34 and a beta of 0.95. Asana, Inc. has a one year low of $5.38 and a one year high of $15.48. The stock has a 50-day moving average price of $8.58 and a 200 day moving average price of $7.41.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Asana had a negative return on equity of 80.33% and a negative net margin of 18.62%.The firm had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.15 million. During the same quarter last year, the firm earned $0.06 EPS. Asana’s quarterly revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, equities research analysts forecast that Asana, Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Activity at Asana

In related news, CEO Daniel Rogers sold 13,790 shares of Asana stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total value of $95,013.10. Following the completion of the sale, the chief executive officer owned 1,891,990 shares in the company, valued at approximately $13,035,811.10. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Colendich sold 5,242 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.68, for a total transaction of $35,016.56. Following the completion of the sale, the insider directly owned 176,598 shares in the company, valued at $1,179,674.64. This represents a 2.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 119,959 shares of company stock worth $809,325 over the last three months. 87.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ASAN has been the topic of several analyst reports. KeyCorp dropped their target price on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. BTIG Research restated a “neutral” rating on shares of Asana in a report on Friday, September 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Wednesday, August 5th. Morgan Stanley decreased their target price on shares of Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, May 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Asana in a report on Monday, August 24th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.95.

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.