Asana (NYSE:ASAN) Insider Katie Marie Colendich Sells 8,337 Shares of Stock

Asana, Inc. (NYSE:ASAN) insider Katie Marie Colendich sold 8,337 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $6.74, for a total transaction of $56,191.38. Following the transaction, the insider directly owned 181,840 shares in the company, valued at approximately $1,225,601.60. The trade was a 4.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Marie Colendich also recently made the following trade(s):

• On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The shares were sold at an average price of $6.66, for a total transaction of $50,929.02.

Asana Trading Down 0.5%

Asana stock opened at $6.63 on Thursday. The company has a 50-day moving average price of $6.80 and a 200 day moving average price of $8.69. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71. The stock has a market cap of $1.53 billion, a P/E ratio of -9.62 and a beta of 1.02.

Asana (NYSE:ASAN) last posted its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $205.09 million for the quarter, compared to analyst estimates of $203.58 million. During the same period in the previous year, the business posted $0.05 EPS. Asana’s 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, analysts forecast that Asana, Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ASAN shares. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Asana in a report on Friday, May 29th. DA Davidson reissued a “neutral” rating and set a $8.00 target price on shares of Asana in a research note on Friday, May 29th. Royal Bank Of Canada lifted their target price on Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. Finally, UBS Group reiterated a “neutral” rating and set a $8.00 price target on shares of Asana in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASAN. FNY Investment Advisers LLC acquired a new position in shares of Asana in the third quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Asana during the 4th quarter worth approximately $50,000. Daiwa Securities Group Inc. lifted 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 worth $59,000 after buying an additional 1,706 shares in the last quarter. Optiver Holding B.V. boosted its position in Asana by 2,008.8% in the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after buying an additional 5,002 shares during the period. Finally, Performa Ltd US LLC boosted its position in Asana by 335.1% in the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after buying an additional 4,775 shares during the period. Hedge funds and other institutional investors own 26.21% 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.