Anne Raimondi Sells 76,093 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 76,093 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71. Following the transaction, the chief operating officer owned 764,178 shares of the company’s stock, valued at $11,057,655.66. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Anne Raimondi also recently made the following trade(s):

• On Monday, December 22nd, Anne Raimondi sold 62,165 shares of Asana stock. The stock was sold at an average price of $14.31, for a total value of $889,581.15.
• On Thursday, December 18th, Anne Raimondi sold 22,198 shares of Asana stock. The shares were sold at an average price of $14.52, for a total value of $322,314.96.

Asana Stock Performance

Shares of Asana stock opened at $13.51 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $13.64 and its two-hundred day moving average is $13.89. Asana, Inc. has a 52 week low of $11.58 and a 52 week high of $24.50. The company has a market capitalization of $3.20 billion, a PE ratio of -14.52 and a beta of 0.93.

Asana (NYSE:ASAN) last released its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, analysts expect that Asana, Inc. will post -1.09 earnings per share for the current year.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Recent results and guidance: Asana reported a December-quarter revenue and EPS beat and issued FY/Q4 guidance that implies continued progress toward profitability — a constructive signal for the business model and long-term margin improvement. MarketBeat ASAN page
• Positive Sentiment: Analyst support: Some analysts have raised ratings/price targets (e.g., KeyCorp upgraded to overweight with a $18 target), providing a partial offset to selling pressure from insiders. MarketBeat ASAN page
• Neutral Sentiment: Institutional ownership shifts: Several large funds (Arrowstreet, Acadian, Marshall Wace, Woodline, Nuveen) have materially increased stakes in 2025 — a sign of long-term investor interest, but not an immediate counter to near-term insider selling. MarketBeat ASAN page
• Negative Sentiment: Executive selling — CFO: Sonalee Parekh sold a total of 108,544 shares in two trades (83,656 shares on Dec. 22 at $14.31 and 24,888 shares on Dec. 23 at $13.54), totaling roughly $1.53M — reducing her stake by several percent. This material sale by the finance chief is likely contributing to downward pressure. SEC Form 4 (Parekh)
• Negative Sentiment: Executive selling — COO: Anne Raimondi sold roughly 160,456 shares across multiple transactions (76,093 on Dec. 19 at $14.47; 62,165 on Dec. 22 at $14.31; 22,198 on Dec. 18 at $14.52), totaling ~ $2.31M and cutting her holdings by several percentage points — another significant insider liquidation. SEC Form 4 (Raimondi) InsiderTrades summary

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ASAN shares. Citigroup dropped their price objective on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Piper Sandler reissued an “overweight” rating and set a $19.00 price target on shares of Asana in a research report on Thursday, September 4th. UBS Group cut their price target on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Asana has a consensus rating of “Hold” and a consensus target price of $16.32.

Institutional Investors Weigh In On Asana

A number of hedge funds have recently made changes to their positions in the stock. 180 Wealth Advisors LLC boosted its position in Asana by 7.2% during the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock valued at $145,000 after purchasing an additional 722 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Asana by 4.3% during the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after buying an additional 930 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Asana by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock valued at $369,000 after buying an additional 968 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Asana by 13.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock worth $129,000 after buying an additional 1,115 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Asana by 6.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $262,000 after buying an additional 1,200 shares during the last quarter. 26.21% of the stock is currently 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.