Quantinno Capital Management LP Raises Stake in Asana, Inc. $ASAN

Quantinno Capital Management LP grew its position in Asana, Inc. (NYSE:ASAN) by 206.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,588 shares of the company’s stock after purchasing an additional 106,836 shares during the quarter. Quantinno Capital Management LP owned approximately 0.07% of Asana worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Asana by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock valued at $180,606,000 after buying an additional 48,847 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Asana by 37.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock worth $45,979,000 after buying an additional 1,969,657 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Asana by 53.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after buying an additional 977,107 shares in the last quarter. Marshall Wace LLP raised its holdings in Asana by 35.1% during the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after acquiring an additional 689,546 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Asana by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,077,529 shares of the company’s stock valued at $28,488,000 after acquiring an additional 10,034 shares during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Asana

In other Asana news, CAO Veronica Sosa sold 11,378 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $75,777.48. Following the completion of the transaction, the chief accounting officer owned 62,344 shares in the company, valued at $415,211.04. This trade represents a 15.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Katie Marie Colendich sold 5,242 shares of Asana stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the sale, the insider directly owned 176,598 shares in the company, valued at approximately $1,179,674.64. The trade was a 2.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 118,304 shares of company stock valued at $792,775 over the last three months. Corporate insiders own 87.54% of the company’s stock.

Asana Stock Down 7.3%

Shares of ASAN stock opened at $9.15 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of -13.26 and a beta of 0.93. Asana, Inc. has a 52 week low of $5.38 and a 52 week high of $15.71. The company’s fifty day simple moving average is $7.68 and its two-hundred day simple moving average is $7.33.

Asana (NYSE:ASAN) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, analysts anticipate that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ASAN shares. Morgan Stanley dropped their price objective on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, May 29th. KeyCorp decreased their target price on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. UBS Group reissued a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday, May 29th. DA Davidson restated a “neutral” rating and issued a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.