Asana (NYSE:ASAN) Stock: Insider Daniel Mark Rogers Sells 18,021 Shares

Asana, Inc. (NYSE:ASAN) CEO Daniel Rogers sold 18,021 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $10.04, for a total transaction of $180,930.84. Following the completion of the sale, the chief executive officer owned 1,456,698 shares of the company’s stock, valued at $14,625,247.92. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The stock was sold at an average price of $9.13, for a total transaction of $1,371,097.75.
• On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The shares were sold at an average price of $9.53, for a total transaction of $2,867,929.61.
• On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The stock was sold at an average price of $10.00, for a total transaction of $16,550.00.

Asana Price Performance

Asana stock opened at $9.81 on Thursday. The firm has a market capitalization of $2.25 billion, a P/E ratio of -14.86 and a beta of 1.19. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.28. The company’s 50-day moving average is $9.34 and its 200 day moving average is $7.79.

Asana (NYSE:ASAN) last announced its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.15 million. Asana had a negative return on equity of 80.33% and a negative net margin of 18.62%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Research analysts anticipate that Asana, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ASAN shares. Piper Sandler boosted their price objective on Asana from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Royal Bank Of Canada lifted their target price on Asana from $8.00 to $9.50 and gave the stock a “sector perform” rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Zacks Research downgraded shares of Asana from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, DA Davidson lifted their price objective on shares of Asana from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.95.

Institutional Investors Weigh In On Asana

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings 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 valued at $14,318,000 after acquiring an additional 1,075,572 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Asana by 250.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock worth $3,410,000 after acquiring an additional 380,741 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Asana by 108.3% during the 2nd quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock worth $6,217,000 after acquiring an additional 461,858 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Asana during the 1st quarter worth about $1,016,000. Finally, Royal Bank of Canada increased its position in Asana by 2,925.2% during the 1st quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock valued at $1,157,000 after purchasing an additional 174,663 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Company Profile

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks, goals and business processes. Its platform provides tools for assigning and tracking work, managing timelines and dependencies, communicating about projects, and monitoring progress across teams and departments.

Asana’s products support a range of use cases, including project and portfolio management, workflow automation, strategic planning, marketing campaigns, product development and employee onboarding.