Asana, Inc. $ASAN Shares Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lifted its holdings in Asana, Inc. (NYSE:ASAN) by 42.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 210,000 shares of the company’s stock after acquiring an additional 63,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Asana were worth $2,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new position in Asana in the second quarter worth approximately $27,000. Farther Finance Advisors LLC boosted its stake in shares of Asana by 119.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after acquiring an additional 1,391 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Asana during the second quarter worth $90,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Asana during the third quarter valued at $93,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Stock Down 3.2%

ASAN stock opened at $11.15 on Wednesday. Asana, Inc. has a 12-month low of $10.59 and a 12-month high of $24.50. 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 company has a market cap of $2.64 billion, a price-to-earnings ratio of -11.98 and a beta of 0.91. The company has a 50 day moving average of $13.03 and a two-hundred day moving average of $13.67.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ASAN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. UBS Group dropped their target price on shares of Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. BTIG Research assumed coverage on shares of Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Citigroup raised shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada decreased their target price on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.11.

Insider Activity

In related news, COO Anne Raimondi sold 62,165 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the completion of the sale, the chief operating officer owned 702,013 shares of the company’s stock, valued at approximately $10,045,806.03. The trade was a 8.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total value of $336,983.52. Following the completion of the transaction, the chief financial officer owned 968,149 shares in the company, valued at $13,108,737.46. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,127,448 shares of company stock worth $16,825,400 in the last three months. 61.28% of the stock is owned by insiders.

Asana 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.