Asana, Inc. $ASAN Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its stake in shares of Asana, Inc. (NYSE:ASAN) by 12.9% in the first quarter, Holdings Channel.com reports. The fund owned 1,988,739 shares of the company’s stock after purchasing an additional 227,204 shares during the period. First Trust Advisors LP’s holdings in Asana were worth $12,728,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Earned Wealth Advisors LLC purchased a new stake in shares of Asana in the 1st quarter valued at approximately $109,000. Performa Ltd US LLC boosted its position 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 purchasing an additional 4,775 shares during the period. Jennison Associates LLC acquired a new stake in Asana in the 1st quarter valued at approximately $783,000. Bank of New York Mellon Corp increased its holdings in Asana by 49.3% in the 1st quarter. Bank of New York Mellon Corp now owns 856,622 shares of the company’s stock valued at $5,482,000 after purchasing an additional 283,054 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in Asana by 84.0% in the first quarter. 180 Wealth Advisors LLC now owns 22,982 shares of the company’s stock valued at $147,000 after purchasing an additional 10,493 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Asana news, CEO Daniel Mark Rogers sold 26,975 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,905,780 shares of the company’s stock, valued at approximately $12,692,494.80. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Katie Marie Colendich sold 8,337 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $6.74, for a total transaction of $56,191.38. Following the completion of the sale, the insider owned 181,840 shares in the company, valued at $1,225,601.60. The trade was a 4.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 118,304 shares of company stock worth $792,775. Insiders own 61.28% of the company’s stock.

Asana Stock Performance

Shares of Asana stock opened at $7.96 on Friday. Asana, Inc. has a one year low of $5.38 and a one year high of $15.71. The company has a market cap of $1.83 billion, a PE ratio of -11.53 and a beta of 0.97. The business has a 50-day simple moving average of $7.35 and a 200-day simple moving average of $7.49.

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. The firm had revenue of $205.09 million for the quarter, compared to analyst estimates of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, sell-side analysts predict that Asana, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on ASAN shares. DA Davidson restated a “neutral” rating and set a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Zacks Research raised Asana from a “hold” rating to a “strong-buy” rating in a research note on Monday. UBS Group reiterated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a report on Friday, May 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.