Asana (NYSE:ASAN) Director Sells $6,860,088.04 in Stock

Asana, Inc. (NYSE:ASAN) Director Justin Rosenstein sold 454,913 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $15.08, for a total value of $6,860,088.04. Following the transaction, the director owned 2,755,485 shares in the company, valued at approximately $41,552,713.80. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Justin Rosenstein also recently made the following trade(s):

• On Thursday, October 9th, Justin Rosenstein sold 1,199,560 shares of Asana stock. The shares were sold at an average price of $15.23, for a total value of $18,269,298.80.
• On Monday, July 28th, Justin Rosenstein sold 517,635 shares of Asana stock. The shares were sold at an average price of $15.04, for a total value of $7,785,230.40.
• On Friday, July 25th, Justin Rosenstein sold 223,894 shares of Asana stock. The stock was sold at an average price of $14.98, for a total transaction of $3,353,932.12.
• On Thursday, July 24th, Justin Rosenstein sold 115,936 shares of Asana stock. The stock was sold at an average price of $15.03, for a total transaction of $1,742,518.08.
• On Wednesday, July 23rd, Justin Rosenstein sold 729,228 shares of Asana stock. The shares were sold at an average price of $15.08, for a total transaction of $10,996,758.24.
• On Tuesday, July 22nd, Justin Rosenstein sold 966,576 shares of Asana stock. The shares were sold at an average price of $15.04, for a total transaction of $14,537,303.04.
• On Monday, July 21st, Justin Rosenstein sold 195,131 shares of Asana stock. The stock was sold at an average price of $15.01, for a total transaction of $2,928,916.31.
• On Friday, July 18th, Justin Rosenstein sold 226,600 shares of Asana stock. The shares were sold at an average price of $14.99, for a total transaction of $3,396,734.00.

Asana Stock Performance

Asana stock opened at $13.59 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $13.98 and a 200-day moving average of $14.85. The firm has a market cap of $3.21 billion, a P/E ratio of -15.27 and a beta of 1.11. Asana, Inc. has a 1-year low of $11.58 and a 1-year high of $27.77.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The business had revenue of $196.94 million for the quarter, compared to analysts’ expectations of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Sell-side analysts expect that Asana, Inc. will post -1.09 EPS for the current year.

Analyst Ratings Changes

ASAN has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. Piper Sandler restated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One equities 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, Asana has an average rating of “Hold” and an average target price of $16.10.

Institutional Trading of Asana

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Asana by 5,815.7% in the 1st quarter. GAMMA Investing LLC now owns 9,820 shares of the company’s stock worth $1,430,000 after acquiring an additional 9,654 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Asana by 3.1% during the first quarter. Rhumbline Advisers now owns 125,556 shares of the company’s stock valued at $1,829,000 after purchasing an additional 3,739 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Asana by 23.0% during the first quarter. Harbor Capital Advisors Inc. now owns 18,079 shares of the company’s stock valued at $263,000 after purchasing an additional 3,383 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Asana by 3.1% during the first quarter. SG Americas Securities LLC now owns 32,460 shares of the company’s stock valued at $473,000 after purchasing an additional 974 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Asana in the 1st quarter worth approximately $223,000. Institutional investors own 26.21% of the company’s stock.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.