Asana (NYSE:ASAN) Insider Sells $56,191.38 in Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 8,337 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total transaction of $56,191.38. Following the transaction, the insider directly owned 181,840 shares in the company, valued at $1,225,601.60. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Marie Colendich also recently made the following trade(s):

• On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The shares were sold at an average price of $6.66, for a total transaction of $50,929.02.

Asana Trading Down 0.5%

Shares of ASAN traded down $0.04 during mid-day trading on Wednesday, hitting $6.63. 3,405,849 shares of the company’s stock were exchanged, compared to its average volume of 6,137,649. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The firm has a market capitalization of $1.53 billion, a P/E ratio of -9.62 and a beta of 1.02. The business’s 50 day moving average is $6.78 and its two-hundred day moving average is $8.74.

Asana (NYSE:ASAN) last issued its quarterly 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. The firm had revenue of $205.09 million for 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%.The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts forecast that Asana, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. Jupiter Asset Management Ltd. lifted its position in shares of Asana by 705.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after acquiring an additional 1,204,232 shares during the period. Vanguard Group Inc. boosted 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 worth $180,606,000 after acquiring an additional 48,847 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Asana by 110.0% in the 4th quarter. Wesbanco Bank Inc. now owns 73,500 shares of the company’s stock worth $1,008,000 after acquiring an additional 38,500 shares during the period. CWM LLC grew its holdings in shares of Asana by 206.3% in the 4th quarter. CWM LLC now owns 17,024 shares of the company’s stock worth $233,000 after acquiring an additional 11,466 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Asana in the 4th quarter valued at approximately $230,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ASAN. UBS Group restated a “neutral” rating and set a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Royal Bank Of Canada upped their price objective 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. Robert W. Baird dropped their price objective on Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Morgan Stanley cut their price objective on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, May 29th. Finally, Wall Street Zen raised Asana from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Asana presently has an average rating of “Hold” and a consensus price target 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.