Asana (NYSE:ASAN) CAO Veronica Sosa Sells 11,378 Shares

Asana, Inc. (NYSE:ASAN) CAO Veronica Sosa sold 11,378 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of the sale, the chief accounting officer owned 62,344 shares in the company, valued at $415,211.04. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Asana Stock Performance

Shares of ASAN traded down $0.04 during midday trading on Wednesday, hitting $6.63. 3,405,849 shares of the stock traded hands, compared to its average volume of 6,137,649. The business’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $8.74. The firm has a market capitalization of $1.53 billion, a PE ratio of -9.62 and a beta of 1.02. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.71.

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

Hedge Funds Weigh In On Asana

Several large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in shares of Asana in the 3rd quarter worth approximately $27,000. Optiver Holding B.V. lifted its position in shares of Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after acquiring an additional 5,002 shares during the last quarter. Performa Ltd US LLC grew 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 worth $40,000 after acquiring an additional 4,775 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asana during the fourth quarter worth $50,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Asana during the first quarter worth $53,000. Institutional investors own 26.21% of the company’s stock.

Analyst Upgrades and Downgrades

ASAN has been the topic of several analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research report on Friday, May 29th. Royal Bank Of Canada increased their price target on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. UBS Group restated a “neutral” rating and set a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a report on Friday, May 29th. Finally, KeyCorp decreased their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.27.

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.