Asana (NYSE:ASAN) CEO Daniel Mark Rogers Sells 13,790 Shares of Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 13,790 shares of Asana stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total transaction of $95,013.10. Following the transaction, the chief executive officer owned 1,891,990 shares of the company’s stock, valued at $13,035,811.10. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

• On Monday, June 22nd, Daniel Mark Rogers sold 26,975 shares of Asana stock. The stock was sold at an average price of $6.66, for a total transaction of $179,653.50.

Asana Stock Performance

Shares of NYSE ASAN opened at $7.34 on Friday. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The firm’s 50-day simple moving average is $6.92 and its 200 day simple moving average is $8.37. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -10.64 and a beta of 0.97.

Asana (NYSE:ASAN) last announced its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) 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 analysts’ expectations of $203.58 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Asana’s quarterly revenue 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. On average, sell-side analysts predict that Asana, Inc. will post -0.4 EPS for the current year.

Institutional Trading of Asana

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Asana by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock valued at $180,606,000 after acquiring an additional 48,847 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Asana by 37.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock valued at $45,979,000 after purchasing an additional 1,969,657 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Asana by 53.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after purchasing an additional 977,107 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Asana by 35.1% in the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after buying an additional 689,546 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Asana by 92.6% in the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock worth $14,318,000 after buying an additional 1,075,572 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of analyst reports. Piper Sandler restated a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of Asana 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 report on Friday, May 29th. Finally, Morgan Stanley decreased their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.27.

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.