Y Intercept Hong Kong Ltd Buys 380,741 Shares of Asana, Inc. $ASAN

Y Intercept Hong Kong Ltd increased its position in Asana, Inc. (NYSE:ASAN) by 250.4% during the 1st quarter, Holdings Channel reports. The firm owned 532,796 shares of the company’s stock after acquiring an additional 380,741 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Asana were worth $3,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new stake in shares of Asana during the 3rd quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new position in Asana in the fourth quarter worth about $50,000. Daiwa Securities Group Inc. grew its position in shares of Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after buying an additional 1,706 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Asana in the 2nd quarter worth approximately $90,000. Finally, Leonteq Securities AG bought a new position in shares of Asana during the 4th quarter worth approximately $98,000. 26.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASAN. DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of Asana in a report on Friday, May 29th. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price target on shares of Asana in a research note on Tuesday. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. Wall Street Zen raised shares of Asana from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.27.

Asana Stock Performance

Shares of Asana stock traded up $0.52 during trading on Tuesday, hitting $7.72. 2,201,794 shares of the company’s stock were exchanged, compared to its average volume of 6,101,298. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -11.15 and a beta of 0.97. The business has a 50-day simple moving average of $6.96 and a 200-day simple moving average of $8.27. Asana, Inc. has a 52-week low of $5.38 and a 52-week high of $15.71.

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

Insider Buying and Selling at Asana

In related news, CAO Veronica Sosa sold 11,378 shares of the company’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 value of $75,777.48. Following the completion of the transaction, the chief accounting officer directly owned 62,344 shares of the company’s stock, valued at $415,211.04. This represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel Mark Rogers sold 13,790 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,891,990 shares of the company’s stock, valued at $13,035,811.10. This trade represents a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 118,304 shares of company stock worth $792,775 over the last ninety days. Company insiders own 61.28% of the company’s stock.

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.