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

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 13,790 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total value of $95,013.10. Following the completion of the sale, the chief executive officer directly owned 1,891,990 shares in the company, valued at $13,035,811.10. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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

NYSE ASAN traded up $0.04 during trading on Thursday, reaching $7.34. 3,729,249 shares of the company’s stock were exchanged, compared to its average volume of 6,144,989. The stock has a market cap of $1.69 billion, a P/E ratio of -10.64 and a beta of 0.97. The company has a 50 day moving average price of $6.90 and a two-hundred day moving average price of $8.41. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.71.

Asana (NYSE:ASAN) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $205.09 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business 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. Research analysts forecast that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. KeyCorp decreased their target price on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of Asana in a research note on Friday, May 29th. Piper Sandler reissued a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. UBS Group restated a “neutral” rating and set a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $15.00 price target on shares of Asana in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.27.

Institutional Trading of Asana

A number of hedge funds have recently added to or reduced their stakes in ASAN. FNY Investment Advisers LLC acquired a new stake in shares of Asana in the third quarter valued at about $27,000. Optiver Holding B.V. increased its holdings in Asana by 2,008.8% in the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after buying an additional 5,002 shares in the last quarter. Performa Ltd US LLC increased its holdings in Asana by 335.1% in the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after buying an additional 4,775 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asana during the 4th quarter valued at approximately $50,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Asana during the 1st quarter worth approximately $53,000. 26.21% of the stock is 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.