Asana (NYSE:ASAN) CFO Sells $89,098.47 in Stock

Asana, Inc. (NYSE:ASAN) CFO Aziz Megji sold 13,239 shares of Asana stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $6.73, for a total transaction of $89,098.47. Following the completion of the transaction, the chief financial officer directly owned 765,389 shares in the company, valued at $5,151,067.97. This represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 22nd, Aziz Megji sold 31,696 shares of Asana stock. The shares were sold at an average price of $6.66, for a total value of $211,095.36.

Asana Price Performance

Asana stock opened at $6.96 on Monday. The firm’s 50 day simple moving average is $6.84 and its 200-day simple moving average is $8.58. The company has a market cap of $1.61 billion, a P/E ratio of -10.09 and a beta of 1.02. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating 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 firm had revenue of $205.09 million for the quarter, compared to analyst estimates of $203.58 million. During the same period in the previous year, the firm earned $0.05 earnings per share. 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 expect that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ASAN shares. UBS Group restated a “neutral” rating and issued a $8.00 target price on shares of Asana in a report on Friday, May 29th. Morgan Stanley dropped their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, May 29th. Citizens Jmp restated a “market outperform” rating and issued a $15.00 price objective on shares of Asana in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their target price on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.27.

Institutional Investors Weigh In On Asana

A number of institutional investors have recently added to or reduced their stakes in ASAN. Vanguard Group Inc. raised its holdings in Asana by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock valued at $180,606,000 after acquiring an additional 48,847 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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 purchasing an additional 1,969,657 shares during the period. Goldman Sachs Group Inc. increased its position 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 purchasing an additional 977,107 shares during the period. Marshall Wace LLP raised its stake in shares of Asana by 35.1% in the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after purchasing an additional 689,546 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Asana by 92.6% in 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 purchasing an additional 1,075,572 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

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.