Asana, Inc. $ASAN Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Asana, Inc. (NYSE:ASAN) by 402.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,702 shares of the company’s stock after purchasing an additional 220,079 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.12% of Asana worth $3,708,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of Asana during the second quarter worth approximately $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Asana during the first quarter worth approximately $28,000. AlphaQuest LLC raised its stake in shares of Asana by 825.1% during the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock worth $36,000 after purchasing an additional 2,203 shares during the last quarter. Quarry LP raised its stake in shares of Asana by 104.8% during the first quarter. Quarry LP now owns 2,906 shares of the company’s stock worth $42,000 after purchasing an additional 1,487 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in shares of Asana by 7.2% during the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock worth $145,000 after purchasing an additional 722 shares during the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana Stock Down 3.8%

Asana stock opened at $13.72 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -15.41 and a beta of 1.11. Asana, Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $27.77. The stock’s fifty day moving average is $14.10 and its two-hundred day moving average is $14.79.

Asana (NYSE:ASAN) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Analysts predict that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ASAN shares. Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a research note on Sunday. Morgan Stanley increased their price objective on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Finally, Robert W. Baird increased their price objective on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.10.

Insider Transactions at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $14.38, for a total value of $911,318.12. Following the sale, the chief financial officer owned 1,076,693 shares of the company’s stock, valued at approximately $15,482,845.34. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Justin Rosenstein sold 13,701 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $14.95, for a total value of $204,829.95. Following the completion of the sale, the director directly owned 1,068,846 shares in the company, valued at $15,979,247.70. This trade represents a 1.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders purchased 2,817,437 shares of company stock worth $39,090,991 and sold 2,427,928 shares worth $36,497,981. Insiders own 61.28% of the company’s stock.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.