Asana (NYSE:ASAN) Insider Katie Marie Colendich Sells 7,647 Shares of Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 7,647 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $50,929.02. Following the sale, the insider directly owned 190,177 shares in the company, valued at approximately $1,266,578.82. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The shares were sold at an average price of $6.74, for a total value of $56,191.38.

Asana Stock Down 0.5%

NYSE ASAN opened at $6.63 on Thursday. Asana, Inc. has a twelve month low of $5.38 and a twelve month high of $15.71. The business has a 50-day moving average price of $6.80 and a 200-day moving average price of $8.69. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of -9.62 and a beta of 1.02.

Asana (NYSE:ASAN) last issued its 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. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company had revenue of $205.09 million for the quarter, compared to the consensus estimate of $203.58 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. 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 expect that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ASAN shares. UBS Group reissued a “neutral” rating and issued a $8.00 target price on shares of Asana in a report on Friday, May 29th. KeyCorp cut their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Robert W. Baird reduced their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Morgan Stanley decreased their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Friday, May 29th. Finally, Royal Bank Of Canada increased their price objective on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Asana presently has an average rating of “Hold” and an average target price of $9.27.

Institutional Trading of Asana

Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Asana during the 3rd quarter valued at approximately $27,000. Optiver Holding B.V. grew its holdings in shares of 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 purchasing an additional 5,002 shares in the last quarter. Performa Ltd US LLC increased its position in Asana by 335.1% in the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after purchasing an additional 4,775 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Asana in the fourth quarter worth $50,000. Finally, Summit Securities Group LLC purchased a new stake in Asana during the first quarter valued at $53,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

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.