Sei Investments Co. Has $390,000 Holdings in Asana, Inc. $ASAN

Sei Investments Co. trimmed its holdings in shares of Asana, Inc. (NYSE:ASAN) by 49.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,926 shares of the company’s stock after selling 60,054 shares during the quarter. Sei Investments Co.’s holdings in Asana were worth $390,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ASAN. First Trust Advisors LP increased its holdings in shares of Asana by 12.9% during the first quarter. First Trust Advisors LP now owns 1,988,739 shares of the company’s stock worth $12,728,000 after purchasing an additional 227,204 shares during the period. Earned Wealth Advisors LLC bought a new position in Asana during the 1st quarter worth $109,000. Performa Ltd US LLC increased its stake in 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. Jennison Associates LLC acquired a new position in Asana in the 1st quarter valued at $783,000. Finally, Bank of New York Mellon Corp raised 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 acquiring an additional 283,054 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ASAN. Morgan Stanley reduced their target price on Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Royal Bank Of Canada increased their price objective on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Asana has an average rating of “Hold” and an average price target of $9.27.

Insider Transactions at Asana

In other news, CAO Veronica Sosa sold 11,378 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of the transaction, the chief accounting officer owned 62,344 shares of the company’s stock, valued at $415,211.04. This represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Katie Marie Colendich sold 5,242 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 118,304 shares of company stock valued at $792,775. 87.54% of the stock is currently owned by company insiders.

Asana Stock Performance

Shares of ASAN opened at $9.15 on Friday. Asana, Inc. has a 52 week low of $5.38 and a 52 week high of $15.71. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -13.26 and a beta of 0.93. The stock has a fifty day moving average of $7.68 and a 200-day moving average of $7.33.

Asana (NYSE:ASAN) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $203.58 million. During the same quarter last year, the business posted $0.05 EPS. Asana’s revenue for the quarter 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, equities 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.