Insider Selling: Asana (NYSE:ASAN) Insider Sells $50,929.02 in Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 7,647 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $50,929.02. Following the transaction, the insider directly owned 190,177 shares of the company’s stock, valued at approximately $1,266,578.82. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Marie Colendich also recently made the following trade(s):

• On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The shares were sold at an average price of $6.74, for a total transaction of $56,191.38.

Asana Stock Performance

Asana stock opened at $6.96 on Friday. The company’s 50 day simple moving average is $6.84 and its 200-day simple moving average is $8.62. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.71. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -10.09 and a beta of 1.02.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $205.09 million during the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company 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. Equities analysts expect that Asana, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASAN. Optiver Holding B.V. raised its position in Asana by 2,008.8% in the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after purchasing an additional 5,002 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Asana by 92.6% in the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after buying an additional 1,075,572 shares during the period. Royal Bank of Canada grew its position in shares of Asana by 2,925.2% during the first quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock worth $1,157,000 after buying an additional 174,663 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Asana by 206.4% during the first quarter. Quantinno Capital Management LP now owns 158,588 shares of the company’s stock worth $1,015,000 after buying an additional 106,836 shares in the last quarter. Finally, SummitTX Capital L.P. purchased a new stake in shares of Asana during the first quarter worth approximately $229,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ASAN. Royal Bank Of Canada increased their target price on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Friday, May 8th. Robert W. Baird cut their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. UBS Group reiterated a “neutral” rating and set a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Asana currently has a consensus rating of “Hold” and an average 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.