Counterpoint Mutual Funds LLC Makes New Investment in Asana, Inc. $ASAN

Counterpoint Mutual Funds LLC acquired a new position in shares of Asana, Inc. (NYSE:ASAN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 92,371 shares of the company’s stock, valued at approximately $591,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ASAN. Jupiter Asset Management Ltd. raised its holdings in Asana by 705.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after acquiring an additional 1,204,232 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Asana by 53.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after acquiring an additional 977,107 shares during the period. Marshall Wace LLP grew its holdings in shares of Asana by 35.1% during the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after purchasing an additional 689,546 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Asana by 12.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock worth $71,492,000 after purchasing an additional 565,681 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Asana by 94.7% during the fourth quarter. Federated Hermes Inc. now owns 804,743 shares of the company’s stock valued at $11,033,000 after purchasing an additional 391,412 shares during the period. Institutional investors own 26.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of recent research reports. Citizens Jmp restated a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research note on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of Asana in a research note on Friday, May 29th. Morgan Stanley lowered their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. DA Davidson restated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Finally, UBS Group restated a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Asana has an average rating of “Hold” and an average price target of $9.27.

Asana Trading Up 0.1%

NYSE ASAN opened at $7.34 on Friday. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.71. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -10.64 and a beta of 0.97. The stock’s 50 day moving average is $6.94 and its two-hundred day moving average is $8.36.

Asana (NYSE:ASAN) last issued its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $205.09 million during the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.Asana’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, analysts predict that Asana, Inc. will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In other Asana news, CAO Veronica Sosa sold 11,378 shares of the company’s 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 directly owned 62,344 shares in the company, valued at $415,211.04. This represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aziz Megji sold 13,239 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.73, for a total value of $89,098.47. Following the transaction, the chief financial officer owned 765,389 shares of the company’s stock, valued at $5,151,067.97. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 118,304 shares of company stock valued at $792,775. 61.28% of the stock is currently owned by insiders.

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.