Asana (NYSE:ASAN) CEO Sells $95,013.10 in Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 13,790 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $6.89, for a total transaction of $95,013.10. Following the completion of the sale, the chief executive officer directly owned 1,891,990 shares of the company’s stock, valued at approximately $13,035,811.10. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

• On Monday, June 22nd, Daniel Mark Rogers sold 26,975 shares of Asana stock. The shares were sold at an average price of $6.66, for a total transaction of $179,653.50.

Asana Stock Performance

ASAN opened at $7.34 on Friday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -10.64 and a beta of 0.97. The firm’s fifty day moving average is $6.94 and its 200 day moving average is $8.36. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $205.09 million during the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the prior year, the business posted $0.05 EPS. Asana’s revenue for the quarter was up 9.5% compared to the same quarter last year. 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, equities research analysts predict that Asana, Inc. will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Asana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC grew its holdings in Asana by 6.8% during the 4th quarter. 180 Wealth Advisors LLC now owns 12,489 shares of the company’s stock valued at $171,000 after buying an additional 798 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Asana by 4.3% during the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after acquiring an additional 930 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Asana by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock valued at $225,000 after acquiring an additional 1,188 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Diversified Trust Co. grew its holdings in shares of Asana by 12.4% in the fourth quarter. Diversified Trust Co. now owns 16,468 shares of the company’s stock valued at $226,000 after purchasing an additional 1,822 shares in the last quarter. 26.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. KeyCorp cut their price objective on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of Asana in a research report on Friday, May 29th. Citigroup restated a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of Asana from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.