Asana, Inc. (NYSE:ASAN) Sees Large Growth in Short Interest

Asana, Inc. (NYSE:ASAN) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 20,898,792 shares, an increase of 20.0% from the December 31st total of 17,414,191 shares. Based on an average daily trading volume, of 3,822,917 shares, the short-interest ratio is presently 5.5 days. Approximately 22.8% of the shares of the company are short sold. Approximately 22.8% of the shares of the company are short sold. Based on an average daily trading volume, of 3,822,917 shares, the short-interest ratio is presently 5.5 days.

Insiders Place Their Bets

In other Asana news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 993,037 shares in the company, valued at $14,210,359.47. The trade was a 7.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Anne Raimondi sold 76,093 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71. Following the transaction, the chief operating officer directly owned 764,178 shares of the company’s stock, valued at $11,057,655.66. This trade represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,127,448 shares of company stock valued at $16,825,400 over the last quarter. Insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Large investors have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC grew its position in Asana by 7.2% during the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock valued at $145,000 after purchasing an additional 722 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Asana by 4.3% during the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after purchasing an additional 930 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Asana by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock valued at $369,000 after buying an additional 968 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Asana by 13.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock valued at $129,000 after buying an additional 1,115 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Asana by 6.6% in the second quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $262,000 after buying an additional 1,200 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors.

Asana Price Performance

Shares of ASAN stock traded down $0.15 during mid-day trading on Wednesday, hitting $9.10. 6,285,113 shares of the stock traded hands, compared to its average volume of 4,128,260. Asana has a twelve month low of $8.60 and a twelve month high of $24.50. 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 company’s 50-day simple moving average is $12.83 and its 200-day simple moving average is $13.52. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -9.78 and a beta of 0.95.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on ASAN shares. DA Davidson lowered their price target on shares of 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 decreased their target price on shares of Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, January 5th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. UBS Group decreased their price objective on Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, BTIG Research started coverage on Asana in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. One research 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. Based on data from MarketBeat.com, Asana has a consensus rating of “Hold” and an average price target of $15.75.

Asana Company Profile

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.