Asana (NYSE:ASAN) CEO Sells $179,653.50 in Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 26,975 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $179,653.50. Following the sale, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Asana Trading Up 9.0%

Shares of NYSE ASAN opened at $6.96 on Friday. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71. The stock’s fifty day simple moving average is $6.84 and its two-hundred day simple moving average is $8.62. The stock has a market capitalization of $1.61 billion, a PE ratio of -10.09 and a beta of 1.02.

Asana (NYSE:ASAN) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $205.09 million during the quarter, compared to analyst estimates of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. 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 analysts predict that Asana, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $15.00 price target on shares of Asana in a report on Friday, May 29th. KeyCorp reduced their price objective on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. UBS Group reissued a “neutral” rating and set a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Robert W. Baird lowered their target price on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.27.

Institutional Trading of Asana

A number of institutional investors have recently bought and sold shares of ASAN. FNY Investment Advisers LLC purchased a new stake in Asana during the 3rd quarter worth approximately $27,000. Optiver Holding B.V. lifted its position in Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after acquiring an additional 5,002 shares during the period. Performa Ltd US LLC lifted its holdings in shares of Asana by 335.1% during the first 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. Aster Capital Management DIFC Ltd purchased a new stake in shares of Asana in the 4th quarter valued at $50,000. Finally, Summit Securities Group LLC acquired a new stake in Asana during the 1st quarter worth about $53,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

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.