Quantinno Capital Management LP Acquires 106,836 Shares of Asana, Inc. $ASAN

Quantinno Capital Management LP grew its holdings in Asana, Inc. (NYSE:ASAN) by 206.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 158,588 shares of the company’s stock after acquiring an additional 106,836 shares during the period. Quantinno Capital Management LP’s holdings in Asana were worth $1,015,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vident Advisory LLC lifted its holdings in shares of Asana by 4.3% in the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after acquiring an additional 930 shares during the last quarter. ProShare Advisors LLC increased its stake in Asana by 7.8% during the fourth quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock worth $225,000 after acquiring an additional 1,188 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after purchasing an additional 2,328 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Asana by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 52,327 shares of the company’s stock valued at $706,000 after purchasing an additional 2,373 shares during the period. 26.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ASAN shares. Royal Bank Of Canada lifted their target price on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Citizens Jmp restated a “market outperform” rating and set a $15.00 price target on shares of Asana in a report on Tuesday, July 7th. Zacks Research upgraded Asana from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. KeyCorp lowered their price target on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Finally, Wall Street Zen lowered shares of Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Asana presently has a consensus rating of “Hold” and an average target price of $9.27.

Insiders Place Their Bets

In other Asana news, CFO Aziz Megji sold 31,696 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $211,095.36. Following the sale, the chief financial officer owned 778,628 shares in the company, valued at $5,185,662.48. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $75,777.48. Following the sale, the chief accounting officer owned 62,344 shares of the company’s stock, valued at approximately $415,211.04. This trade represents a 15.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 118,304 shares of company stock worth $792,775 in the last 90 days. 87.54% of the stock is owned by insiders.

Asana Price Performance

Shares of NYSE ASAN opened at $9.15 on Friday. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.71. The firm has a 50-day simple moving average of $7.68 and a two-hundred day simple moving average of $7.33. The company has a market cap of $2.11 billion, a P/E ratio of -13.26 and a beta of 0.93.

Asana (NYSE:ASAN) last released its earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm had revenue of $205.09 million for the quarter, compared to analysts’ expectations of $203.58 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The company’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. As a group, equities research analysts expect that Asana, Inc. will post -0.4 EPS for the current year.

Asana 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.