Daniel Mark Rogers Sells 26,975 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 26,975 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $179,653.50. Following the transaction, the chief executive officer owned 1,905,780 shares in the company, valued at approximately $12,692,494.80. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Asana Trading Down 3.7%

NYSE ASAN opened at $6.41 on Friday. The firm’s fifty day moving average price is $6.82 and its two-hundred day moving average price is $8.63. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.71. The firm has a market capitalization of $1.48 billion, a P/E ratio of -9.28 and a beta of 1.02.

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

Wall Street Analyst Weigh In

ASAN has been the topic of a number of recent analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $15.00 price target on shares of Asana in a research report on Friday, May 29th. Wall Street Zen raised Asana from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. KeyCorp reduced their target price on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Morgan Stanley decreased their target price on Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. Finally, UBS Group restated a “neutral” rating and issued a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Asana by 0.4% during the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Asana by 37.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock worth $45,979,000 after purchasing an additional 1,969,657 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after purchasing an additional 977,107 shares during the last quarter. Marshall Wace LLP lifted its holdings in Asana by 35.1% during the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after purchasing an additional 689,546 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Asana by 92.6% in the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after purchasing an additional 1,075,572 shares during the period. 26.21% of the stock is owned by institutional investors.

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.