Aziz Megji Sells 13,239 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) CFO Aziz Megji sold 13,239 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $6.73, for a total transaction of $89,098.47. Following the completion of the transaction, the chief financial officer directly owned 765,389 shares in the company, valued at $5,151,067.97. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aziz Megji also recently made the following trade(s):

• On Monday, June 22nd, Aziz Megji sold 31,696 shares of Asana stock. The stock was sold at an average price of $6.66, for a total transaction of $211,095.36.

Asana Price Performance

ASAN opened at $6.96 on Friday. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The firm has a market capitalization of $1.61 billion, a PE ratio of -10.09 and a beta of 1.02. The company’s 50-day moving average is $6.84 and its 200 day moving average is $8.62.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS 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 analyst estimates of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous 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. As a group, analysts expect that Asana, Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Asana

Several large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new position in Asana in the third quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Asana in the fourth quarter valued at $50,000. Daiwa Securities Group Inc. raised its stake in shares of Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after buying an additional 1,706 shares during the period. 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 buying an additional 5,002 shares during the last quarter. Finally, Performa Ltd US LLC grew its stake in shares of Asana by 335.1% during 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 period. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ASAN shares. Robert W. Baird dropped their price objective on Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their target price on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. KeyCorp cut their price target on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and set a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.