GC Wealth Management RIA LLC Has $314,000 Stake in Asana, Inc. $ASAN

GC Wealth Management RIA LLC lowered its position in Asana, Inc. (NYSE:ASAN) by 87.8% in the first quarter, HoldingsChannel.com reports. The fund owned 48,999 shares of the company’s stock after selling 353,101 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Asana were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ASAN. Arrowstreet Capital Limited Partnership grew its position in Asana by 37.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock worth $45,979,000 after acquiring an additional 1,969,657 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Asana by 705.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after purchasing an additional 1,204,232 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Asana by 53.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after purchasing an additional 977,107 shares during the last quarter. Marshall Wace LLP boosted its stake in Asana by 35.1% in the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after purchasing an additional 689,546 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Asana by 94.7% in the fourth quarter. Federated Hermes Inc. now owns 804,743 shares of the company’s stock worth $11,033,000 after purchasing an additional 391,412 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Asana

In other Asana news, CFO Aziz Megji sold 13,239 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $6.73, for a total transaction of $89,098.47. Following the completion of the sale, the chief financial officer directly owned 765,389 shares of the company’s stock, valued at approximately $5,151,067.97. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Marie Colendich sold 5,242 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the sale, the insider directly owned 176,598 shares of the company’s stock, valued at $1,179,674.64. This represents a 2.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 118,304 shares of company stock valued at $792,775 in the last three months. Company insiders own 61.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citizens Jmp restated a “market outperform” rating and set a $15.00 target price on shares of Asana in a report on Tuesday, July 7th. UBS Group reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday, May 29th. Royal Bank Of Canada upped their price target on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. KeyCorp decreased their price objective 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. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research report on Friday, May 8th. Three 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.27.

Asana Stock Performance

Shares of ASAN opened at $6.89 on Monday. The business’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $7.63. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.99 and a beta of 0.97. Asana, Inc. has a 52 week low of $5.38 and a 52 week high of $15.71.

Asana (NYSE:ASAN) last released its earnings results 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. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. 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, research analysts forecast that Asana, Inc. will post -0.4 EPS for the current 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.