Federated Hermes Inc. Buys 380,583 Shares of Asana, Inc. $ASAN

Federated Hermes Inc. lifted its stake in Asana, Inc. (NYSE:ASAN) by 1,162.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 413,331 shares of the company’s stock after purchasing an additional 380,583 shares during the quarter. Federated Hermes Inc. owned about 0.17% of Asana worth $5,522,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in shares of Asana during the second quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its stake in shares of Asana by 119.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after acquiring an additional 1,391 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after acquiring an additional 1,706 shares during the period. Headlands Technologies LLC bought a new position in Asana in the 2nd quarter valued at $90,000. Finally, State of Alaska Department of Revenue purchased a new stake in Asana in the third quarter worth $93,000. 26.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ASAN shares. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. UBS Group decreased their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. DA Davidson decreased their target price on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Royal Bank Of Canada dropped their price target on Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research report on Monday, January 5th. Finally, Citigroup upgraded Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Asana has an average rating of “Hold” and a consensus target price of $15.75.

Asana Price Performance

ASAN opened at $9.91 on Tuesday. The business’s 50-day moving average is $12.90 and its two-hundred day moving average is $13.56. Asana, Inc. has a 1 year low of $9.87 and a 1 year high of $24.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $2.35 billion, a PE ratio of -10.65 and a beta of 0.91.

Asana (NYSE:ASAN) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $201.03 million during the quarter, compared to analyst estimates of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. 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 anticipate that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Justin Rosenstein sold 850,233 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the sale, the director owned 210,398 shares in the company, valued at approximately $3,181,217.76. The trade was a 80.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total transaction of $336,983.52. Following the sale, the chief financial officer directly owned 968,149 shares in the company, valued at approximately $13,108,737.46. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,127,448 shares of company stock worth $16,825,400. Insiders own 61.28% of the company’s stock.

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.