Asana (NYSE:ASAN) Director Justin Rosenstein Sells 8,215 Shares of Stock

Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein sold 8,215 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.95, for a total value of $122,814.25. Following the sale, the director directly owned 1,060,631 shares of the company’s stock, valued at $15,856,433.45. This represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Justin Rosenstein also recently made the following trade(s):

• On Tuesday, December 9th, Justin Rosenstein sold 850,233 shares of Asana stock. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96.
• On Friday, October 24th, Justin Rosenstein sold 13,701 shares of Asana stock. The stock was sold at an average price of $14.95, for a total value of $204,829.95.
• On Tuesday, October 21st, Justin Rosenstein sold 458,878 shares of Asana stock. The stock was sold at an average price of $14.98, for a total transaction of $6,873,992.44.
• On Friday, October 10th, Justin Rosenstein sold 14,500 shares of Asana stock. The stock was sold at an average price of $15.07, for a total transaction of $218,515.00.
• On Thursday, October 9th, Justin Rosenstein sold 1,199,560 shares of Asana stock. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80.
• On Wednesday, October 8th, Justin Rosenstein sold 454,913 shares of Asana stock. The stock was sold at an average price of $15.08, for a total value of $6,860,088.04.

Asana Trading Down 0.1%

Shares of ASAN opened at $14.56 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. Asana, Inc. has a 52-week low of $11.58 and a 52-week high of $27.77. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of -15.74 and a beta of 0.93. The business’s fifty day moving average is $13.63 and its 200-day moving average is $14.10.

Asana (NYSE:ASAN) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $201.03 million for the quarter, compared to analyst estimates of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.Asana’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Equities analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Trading of Asana

Several hedge funds have recently modified their holdings of ASAN. Arrowstreet Capital Limited Partnership grew its holdings in Asana by 104.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company’s stock worth $56,173,000 after purchasing an additional 2,126,683 shares during the period. Acadian Asset Management LLC increased its position in Asana by 8,850.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after buying an additional 1,151,369 shares in the last quarter. Marshall Wace LLP increased its position in Asana by 594.9% in the 2nd quarter. Marshall Wace LLP now owns 1,285,583 shares of the company’s stock valued at $17,355,000 after buying an additional 1,100,575 shares in the last quarter. Woodline Partners LP raised its stake 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 buying an additional 602,638 shares during the period. Finally, Nuveen LLC bought a new position in Asana in the first quarter worth approximately $8,419,000. Institutional investors own 26.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. UBS Group dropped their target price on Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Citigroup cut their target price on shares of Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised their price target on shares of Asana from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. Finally, Robert W. Baird raised their target price on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Asana presently has a consensus rating of “Hold” and a consensus price target of $16.19.

About Asana

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.