Asana (NYSE:ASAN) CEO Daniel Mark Rogers Sells 18,021 Shares of Company Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Rogers sold 18,021 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $10.04, for a total value of $180,930.84. Following the transaction, the chief executive officer owned 1,456,698 shares in the company, valued at $14,625,247.92. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

• On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The stock was sold at an average price of $9.13, for a total value of $1,371,097.75.
• On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The shares were sold at an average price of $9.53, for a total transaction of $2,867,929.61.
• On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The shares were sold at an average price of $10.00, for a total transaction of $16,550.00.

Asana Stock Performance

NYSE:ASAN opened at $9.88 on Wednesday. Asana, Inc. has a 52 week low of $5.38 and a 52 week high of $15.28. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -14.98 and a beta of 1.19. The firm’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $7.77.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $216.43 million during the quarter, compared to analysts’ expectations of $214.15 million. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Sell-side analysts anticipate that Asana, Inc. will post -0.53 EPS for the current year.

Analyst Upgrades and Downgrades

ASAN has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on shares of Asana from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Barclays downgraded Asana to an “outperform” rating in a research report on Monday, August 24th. UBS Group increased their price target on Asana from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Citigroup restated a “market outperform” rating on shares of Asana in a research note on Monday, August 24th. Finally, BTIG Research restated a “neutral” rating on shares of Asana in a research note on Friday, September 4th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Asana presently has an average rating of “Hold” and a consensus target price of $9.95.

Institutional Trading of Asana

Several large investors have recently made changes to their positions in ASAN. Bank of America Corp DE raised its holdings in shares of Asana by 92.6% during the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock worth $14,318,000 after buying an additional 1,075,572 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Asana by 250.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock worth $3,410,000 after buying an additional 380,741 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Asana by 108.3% during the 2nd quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock worth $6,217,000 after buying an additional 461,858 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Asana during the 1st quarter worth $1,016,000. Finally, Royal Bank of Canada boosted its stake in Asana by 2,925.2% in the first quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock valued at $1,157,000 after buying an additional 174,663 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

About Asana

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks, goals and business processes. Its platform provides tools for assigning and tracking work, managing timelines and dependencies, communicating about projects, and monitoring progress across teams and departments.

Asana’s products support a range of use cases, including project and portfolio management, workflow automation, strategic planning, marketing campaigns, product development and employee onboarding.