Marathon Trading Investment Management LLC Purchases Shares of 10,000 Asana, Inc. $ASAN

Marathon Trading Investment Management LLC acquired a new position in shares of Asana, Inc. (NYSE:ASAN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $135,000.

A number of other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in Asana by 8,850.6% in the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after acquiring an additional 1,151,369 shares in the last quarter. Woodline Partners LP grew its holdings in Asana by 700.1% during the 1st quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock worth $10,035,000 after acquiring an additional 602,638 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Asana in the 1st quarter valued at approximately $8,419,000. Vanguard Group Inc. raised its holdings in shares of Asana by 4.7% in the 1st 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. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Asana by 117.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock valued at $9,092,000 after purchasing an additional 336,641 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Stock Performance

NYSE ASAN opened at $13.31 on Friday. The company has a fifty day moving average of $13.99 and a two-hundred day moving average of $14.72. The company has a market capitalization of $3.14 billion, a PE ratio of -14.95 and a beta of 1.05. Asana, Inc. has a 1 year low of $11.58 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41.

Asana (NYSE:ASAN) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $196.94 million during the quarter, compared to analysts’ expectations of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. As a group, analysts expect that Asana, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling

In other Asana news, Director Dustin A. Moskovitz bought 225,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $12.93 per share, with a total value of $2,909,250.00. Following the acquisition, the director directly owned 56,429,904 shares of the company’s stock, valued at $729,638,658.72. The trade was a 0.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Justin Rosenstein sold 1,199,560 shares of the stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $15.23, for a total transaction of $18,269,298.80. Following the sale, the director owned 1,555,925 shares of the company’s stock, valued at approximately $23,696,737.75. This represents a 43.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have bought 1,693,532 shares of company stock worth $23,185,430 and have sold 2,427,928 shares worth $36,497,981. Company insiders own 61.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ASAN shares. Morgan Stanley boosted their target price on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a report on Wednesday, October 8th. Wall Street Zen lowered Asana from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird boosted their target price on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Asana has an average rating of “Hold” and a consensus target price of $16.10.

Asana Company Profile

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.