Insider Selling: Asana (NYSE:ASAN) CFO Sells $211,095.36 in Stock

Asana, Inc. (NYSE:ASAN) CFO Aziz Megji sold 31,696 shares of Asana stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $211,095.36. Following the sale, the chief financial officer owned 778,628 shares of the company’s stock, valued at $5,185,662.48. The trade was a 3.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aziz Megji also recently made the following trade(s):

• On Wednesday, June 24th, Aziz Megji sold 13,239 shares of Asana stock. The stock was sold at an average price of $6.73, for a total transaction of $89,098.47.

Asana Stock Performance

Asana stock opened at $6.96 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of -10.09 and a beta of 1.02. The company has a 50 day moving average price of $6.84 and a 200-day moving average price of $8.62. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71.

Asana (NYSE:ASAN) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping 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 period last year, the business posted $0.05 EPS. Asana’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. On average, analysts forecast that Asana, Inc. will post -0.4 earnings per share for the current year.

Institutional Trading of Asana

Several hedge funds and other institutional investors have recently bought and sold shares of ASAN. Jupiter Asset Management Ltd. increased its holdings 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 purchasing an additional 1,204,232 shares in the last quarter. Globeflex Capital L P purchased a new stake in Asana during the fourth quarter worth $546,000. AXQ Capital LP acquired a new stake in Asana during the fourth quarter valued at $392,000. Handelsbanken Fonder AB grew its position in Asana by 19.6% during the fourth quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock valued at $318,000 after buying an additional 3,800 shares during the period. Finally, Leonteq Securities AG purchased a new position in Asana in the fourth quarter valued at $98,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their price objective on Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a report on Friday, May 29th. Piper Sandler reiterated a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. KeyCorp decreased their price objective 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. Finally, Morgan Stanley dropped their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.27.

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.