Asana, Inc. (NYSE:ASAN) Short Interest Up 24.7% in December

Asana, Inc. (NYSE:ASAN) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 17,414,191 shares, an increase of 24.7% from the December 15th total of 13,963,921 shares. Approximately 19.0% of the company’s shares are short sold. Based on an average trading volume of 2,980,263 shares, the days-to-cover ratio is currently 5.8 days. Based on an average trading volume of 2,980,263 shares, the days-to-cover ratio is currently 5.8 days. Approximately 19.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

ASAN has been the topic of a number of recent research reports. KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Monday, December 15th. BTIG Research initiated coverage on Asana in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. DA Davidson decreased their price objective on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.11.

Insider Activity

In related news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $1,197,117.36. Following the completion of the sale, the chief financial officer directly owned 993,037 shares in the company, valued at $14,210,359.47. This trade represents a 7.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 850,233 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the sale, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This represents a 80.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,600,027 shares of company stock valued at $23,904,222 over the last 90 days. 61.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its position in Asana by 7.2% in the 4th quarter. Blue Trust Inc. now owns 29,599 shares of the company’s stock valued at $406,000 after buying an additional 1,993 shares during the last quarter. Archford Capital Strategies LLC bought a new position in shares of Asana during the 4th quarter worth approximately $411,000. SG Americas Securities LLC raised its holdings in shares of Asana by 58.4% in the fourth quarter. SG Americas Securities LLC now owns 65,810 shares of the company’s stock valued at $902,000 after purchasing an additional 24,261 shares during the last quarter. Diversified Trust Co. lifted its position in shares of Asana by 12.4% in the fourth quarter. Diversified Trust Co. now owns 16,468 shares of the company’s stock worth $226,000 after purchasing an additional 1,822 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in Asana by 6.8% during the fourth quarter. 180 Wealth Advisors LLC now owns 12,489 shares of the company’s stock worth $171,000 after purchasing an additional 798 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Stock Down 5.1%

Shares of NYSE ASAN traded down $0.59 during mid-day trading on Monday, reaching $10.92. 7,418,152 shares of the company’s stock were exchanged, compared to its average volume of 3,316,343. Asana has a twelve month low of $10.91 and a twelve month high of $24.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -11.74 and a beta of 0.91. The business has a fifty day simple moving average of $13.22 and a 200 day simple moving average of $13.80.

Asana (NYSE:ASAN) last announced its earnings results on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. During the same period last year, the company posted ($0.02) EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, equities analysts expect that Asana will post -1.09 EPS for the current fiscal year.

About Asana

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.