Asana (NYSE:ASAN) CEO Daniel Mark Rogers Sells 26,975 Shares of Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 26,975 shares of Asana stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $179,653.50. Following the completion of the transaction, the chief executive officer owned 1,905,780 shares of the company’s stock, valued at approximately $12,692,494.80. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Asana Stock Down 0.5%

ASAN traded down $0.04 during trading on Wednesday, reaching $6.63. 3,405,849 shares of the company were exchanged, compared to its average volume of 6,137,649. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71. The company’s 50-day moving average is $6.78 and its two-hundred day moving average is $8.74. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -9.62 and a beta of 1.02.

Asana (NYSE:ASAN) last posted its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating 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 business had revenue of $205.09 million during the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the previous year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. 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 forecast that Asana, Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of Asana in a report on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. KeyCorp dropped their price objective on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded Asana from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Asana presently has an average rating of “Hold” and an average target price of $9.27.

Institutional Trading of Asana

A number of hedge funds have recently made changes to their positions in ASAN. Jupiter Asset Management Ltd. raised its position in Asana by 705.6% during the fourth 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 in the last quarter. Leonteq Securities AG boosted its holdings in shares of Asana by 246.1% in the 1st quarter. Leonteq Securities AG now owns 24,678 shares of the company’s stock worth $158,000 after purchasing an additional 17,547 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Asana in the 1st quarter worth about $591,000. Blue Trust Inc. increased its position in shares of Asana by 13.9% during the 1st quarter. Blue Trust Inc. now owns 33,716 shares of the company’s stock valued at $216,000 after purchasing an additional 4,117 shares during the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in shares of Asana by 54.4% during the 1st quarter. Wesbanco Bank Inc. now owns 113,500 shares of the company’s stock valued at $726,000 after buying an additional 40,000 shares in the last quarter. 26.21% of the stock is owned by institutional investors.

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.