Y Intercept Hong Kong Ltd Sells 221,540 Shares of Asana, Inc. $ASAN

Y Intercept Hong Kong Ltd reduced its position in shares of Asana, Inc. (NYSE:ASAN) by 80.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,162 shares of the company’s stock after selling 221,540 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Asana were worth $710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of Asana during the 2nd quarter worth approximately $27,000. Farther Finance Advisors LLC grew its position in Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after purchasing an additional 1,391 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after buying an additional 1,706 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Asana during the 2nd quarter worth about $90,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Asana in the 3rd quarter valued at about $93,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ASAN shares. BTIG Research assumed coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Royal Bank Of Canada reduced their price target on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research note on Monday, January 5th. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, January 15th. DA Davidson cut their price objective on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Asana currently has a consensus rating of “Hold” and a consensus target price of $15.75.

Insiders Place Their Bets

In other news, Director Justin Rosenstein sold 850,233 shares of Asana stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the sale, the director owned 210,398 shares in the company, valued at $3,181,217.76. The trade was a 80.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Anne Raimondi sold 76,093 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71. Following the completion of the sale, the chief operating officer owned 764,178 shares of the company’s stock, valued at approximately $11,057,655.66. This represents a 9.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,127,448 shares of company stock worth $16,825,400. Corporate insiders own 61.28% of the company’s stock.

Asana Price Performance

Shares of ASAN opened at $9.91 on Tuesday. The business has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $13.56. Asana, Inc. has a 12-month low of $9.87 and a 12-month high of $24.50. The stock has a market cap of $2.35 billion, a PE ratio of -10.65 and a beta of 0.91. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

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

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.