Asana, Inc. $ASAN Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Asana, Inc. (NYSE:ASAN) by 402.9% during the second quarter, Holdings Channel reports. The fund owned 274,702 shares of the company’s stock after purchasing an additional 220,079 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Asana were worth $3,708,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new stake in shares of Asana during the first quarter valued at $1,148,000. Vanguard Group Inc. boosted its stake in shares of Asana by 4.7% during the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after acquiring an additional 475,100 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Asana by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after acquiring an additional 47,480 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Asana by 8,850.6% during the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after acquiring an additional 1,151,369 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Asana by 146.6% during the first quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock valued at $1,727,000 after acquiring an additional 70,145 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $19.00 target price on shares of Asana in a research report on Thursday, September 4th. Robert W. Baird increased their target price on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Asana has an average rating of “Hold” and an average price target of $16.10.

Asana Stock Performance

Asana stock opened at $13.72 on Thursday. The stock’s 50-day moving average is $14.10 and its 200-day moving average is $14.79. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -15.41 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Asana, Inc. has a 12 month low of $11.58 and a 12 month high of $27.77.

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

Insider Transactions at Asana

In other news, Director Dustin A. Moskovitz acquired 225,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $14.48 per share, for a total transaction of $3,258,000.00. Following the acquisition, the director directly owned 55,755,999 shares in the company, valued at $807,346,865.52. This trade represents a 0.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justin Rosenstein sold 1,199,560 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $15.23, for a total value of $18,269,298.80. Following the completion of the transaction, the director owned 1,555,925 shares in the company, valued at approximately $23,696,737.75. This trade represents a 43.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 2,817,437 shares of company stock worth $39,090,991 and sold 2,427,928 shares worth $36,497,981. Company insiders own 61.28% of the company’s stock.

Asana 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.