Asana (NYSE:ASAN) Insider Katie Marie Colendich Sells 5,242 Shares

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 5,242 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the transaction, the insider owned 176,598 shares of the company’s stock, valued at approximately $1,179,674.64. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 stock was sold at an average price of $6.74, for a total value of $56,191.38.
• 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 value of $50,929.02.

Asana Price Performance

Shares of Asana stock opened at $6.99 on Wednesday. The business’s fifty day moving average price is $6.88 and its two-hundred day moving average price is $8.47. The company has a market capitalization of $1.61 billion, a P/E ratio of -10.13 and a beta of 1.02. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.71.

Asana (NYSE:ASAN) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. 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 expect that Asana, Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ASAN has been the subject of several recent analyst reports. 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. KeyCorp cut their target price on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $15.00 price target on shares of Asana in a research note on Friday, May 29th. Piper Sandler reissued a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Three research 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.27.

Institutional Trading of Asana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in Asana by 37.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock valued at $45,979,000 after buying an additional 1,969,657 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Asana by 705.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock worth $18,850,000 after acquiring an additional 1,204,232 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Asana by 92.6% during 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 during the period. Goldman Sachs Group Inc. raised its holdings in shares of Asana by 53.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after acquiring an additional 977,107 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Asana by 35.1% in the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after acquiring an additional 689,546 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.