Asana (NYSE:ASAN) CEO Sells $95,013.10 in Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Mark Rogers sold 13,790 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $6.89, for a total value of $95,013.10. Following the transaction, the chief executive officer directly owned 1,891,990 shares in the company, valued at $13,035,811.10. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

• On Monday, June 22nd, Daniel Mark Rogers sold 26,975 shares of Asana stock. The stock was sold at an average price of $6.66, for a total value of $179,653.50.

Asana Stock Performance

Shares of NYSE ASAN traded up $0.04 during trading on Thursday, hitting $7.34. 3,729,249 shares of the company were exchanged, compared to its average volume of 6,144,989. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71. The company has a fifty day moving average price of $6.90 and a 200-day moving average price of $8.41. The firm has a market capitalization of $1.69 billion, a PE ratio of -10.64 and a beta of 0.97.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm had revenue of $205.09 million during the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Asana’s quarterly revenue was up 9.5% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Research analysts anticipate that Asana, Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Asana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. Jupiter Asset Management Ltd. lifted its stake in Asana by 705.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock worth $18,850,000 after acquiring an additional 1,204,232 shares in the last quarter. Vanguard Group Inc. increased its stake in Asana by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock worth $180,606,000 after purchasing an additional 48,847 shares during the period. Wesbanco Bank Inc. increased its stake in Asana by 110.0% during the fourth quarter. Wesbanco Bank Inc. now owns 73,500 shares of the company’s stock worth $1,008,000 after purchasing an additional 38,500 shares during the period. CWM LLC lifted its position in shares of Asana by 206.3% during the fourth quarter. CWM LLC now owns 17,024 shares of the company’s stock worth $233,000 after purchasing an additional 11,466 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Asana during the fourth quarter worth about $230,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ASAN. UBS Group reiterated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a report on Friday, May 29th. KeyCorp reduced their target price on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Royal Bank Of Canada raised their price objective on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Finally, Piper Sandler restated a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.27.

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.