Veronica Sosa Sells 11,378 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) CAO Veronica Sosa sold 11,378 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

Asana Stock Down 3.7%

Asana stock opened at $6.41 on Friday. The stock has a 50-day simple moving average of $6.82 and a 200 day simple moving average of $8.63. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -9.28 and a beta of 1.02.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $205.09 million for the quarter, compared to analyst estimates of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. 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, sell-side analysts anticipate that Asana, Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Citigroup reiterated a “market outperform” rating on shares of Asana in a research report 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 note on Friday, May 29th. Finally, Piper Sandler restated a “neutral” rating and set a $7.00 target price (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. Three investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.27.

Institutional Investors Weigh In On Asana

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Asana during the third quarter worth approximately $27,000. Optiver Holding B.V. boosted its stake in Asana by 2,008.8% in the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after acquiring an additional 5,002 shares during the last quarter. Performa Ltd US LLC grew its holdings in Asana by 335.1% during the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after acquiring an additional 4,775 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Asana during the 4th quarter worth $50,000. Finally, Summit Securities Group LLC bought a new stake in shares of Asana during the 1st quarter valued at $53,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.