Asana, Inc. (NYSE:ASAN) Short Interest Update

Asana, Inc. (NYSE:ASAN) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 17,414,191 shares, an increase of 24.7% from the December 15th total of 13,963,921 shares. Approximately 19.0% of the shares of the company are sold short. Based on an average daily volume of 2,980,263 shares, the short-interest ratio is presently 5.8 days. Based on an average daily volume of 2,980,263 shares, the short-interest ratio is presently 5.8 days. Approximately 19.0% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the sale, the director directly owned 210,398 shares of the company’s stock, valued at approximately $3,181,217.76. This represents a 80.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $1,197,117.36. Following the transaction, the chief financial officer directly owned 993,037 shares in the company, valued at approximately $14,210,359.47. This represents a 7.77% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,141,149 shares of company stock valued at $17,030,230. Insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC acquired a new stake in Asana during the 2nd quarter valued at $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Asana in the third quarter valued at $27,000. Farther Finance Advisors LLC boosted its stake in shares of Asana by 119.7% during the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after acquiring an additional 1,391 shares during the last quarter. Jones Financial Companies Lllp increased its position in Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Asana by 64.0% in the 2nd 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 during the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Price Performance

ASAN stock traded down $0.17 during midday trading on Tuesday, hitting $10.77. 782,379 shares of the stock were exchanged, compared to its average volume of 3,859,979. The stock’s 50-day moving average price is $13.22 and its 200-day moving average price is $13.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -11.59 and a beta of 0.91. Asana has a fifty-two week low of $10.60 and a fifty-two week high of $24.50.

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

Analyst Ratings Changes

A number of brokerages have commented on ASAN. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. Citigroup upgraded shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday. UBS Group lowered their price objective on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. DA Davidson reduced their price target on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, KeyCorp upgraded Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.11.

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.