Aziz Megji Sells 31,696 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) CFO Aziz Megji sold 31,696 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 $211,095.36. Following the transaction, the chief financial officer directly owned 778,628 shares of the company’s stock, valued at $5,185,662.48. This trade represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Asana Stock Down 3.7%

ASAN stock opened at $6.41 on Friday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -9.28 and a beta of 1.02. Asana, Inc. has a twelve month low of $5.38 and a twelve month high of $15.71. The business has a 50 day moving average price of $6.82 and a two-hundred day moving average price of $8.63.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $205.09 million for the quarter, compared to analysts’ expectations of $203.58 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s 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. On average, equities research analysts anticipate that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASAN. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Asana in a report on Friday, May 29th. KeyCorp reduced their price target on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Royal Bank Of Canada boosted their price target on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. UBS Group restated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Finally, Robert W. Baird reduced their target price on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.27.

Institutional Trading of Asana

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Asana by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after purchasing an additional 2,328 shares in the last quarter. Empowered Funds LLC raised its position in shares of Asana by 40.9% in the first quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after buying an additional 7,381 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Asana by 14.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after buying an additional 32,708 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Asana in the second quarter valued at approximately $158,000. Finally, Prudential Financial Inc. acquired a new stake in Asana during the second quarter worth approximately $160,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.