Key Points
- Director Justin Rosenstein sold 8,215 Asana shares on December 8 at $14.95 for $122,814.25, leaving him with 1,060,631 shares valued at about $15.86 million (a 0.77% reduction in his position).
- Rosenstein has executed multiple large recent sales — including 850,233 shares on December 9 for $12.86 million and 1,199,560 shares on October 9 for $18.27 million — highlighting substantial insider selling totaling tens of millions.
- For context, Asana has a market cap of $3.44 billion, a consensus analyst rating of "Hold" with a $16.19 target, and recently beat quarterly revenue and EPS estimates while issuing FY2026 EPS guidance of 0.25–0.26.
Asana, Inc. (NYSE:ASAN - Get Free Report) Director Justin Rosenstein sold 8,215 shares of the company's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $14.95, for a total transaction of $122,814.25. Following the completion of the sale, the director owned 1,060,631 shares of the company's stock, valued at approximately $15,856,433.45. The trade was a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Justin Rosenstein also recently made the following trade(s):
- On Tuesday, December 9th, Justin Rosenstein sold 850,233 shares of Asana stock. The stock was sold at an average price of $15.12, for a total transaction of $12,855,522.96.
- On Friday, October 24th, Justin Rosenstein sold 13,701 shares of Asana stock. The shares were sold at an average price of $14.95, for a total transaction of $204,829.95.
- On Tuesday, October 21st, Justin Rosenstein sold 458,878 shares of Asana stock. The stock was sold at an average price of $14.98, for a total transaction of $6,873,992.44.
- On Friday, October 10th, Justin Rosenstein sold 14,500 shares of Asana stock. The stock was sold at an average price of $15.07, for a total value of $218,515.00.
- On Thursday, October 9th, Justin Rosenstein sold 1,199,560 shares of Asana stock. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80.
- On Wednesday, October 8th, Justin Rosenstein sold 454,913 shares of Asana stock. The stock was sold at an average price of $15.08, for a total transaction of $6,860,088.04.
Asana Stock Performance
Shares of ASAN opened at $14.56 on Thursday. The firm has a market cap of $3.44 billion, a PE ratio of -15.74 and a beta of 0.93. The stock's fifty day moving average price is $13.63 and its two-hundred day moving average price is $14.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. Asana, Inc. has a 1 year low of $11.58 and a 1 year high of $27.77.
Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $201.03 million during the quarter, compared to analyst estimates of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. Asana's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, equities research analysts forecast that Asana, Inc. will post -1.09 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ASAN shares. Royal Bank Of Canada increased their price target on shares of Asana from $12.00 to $14.00 and gave the stock an "underperform" rating in a report on Wednesday, December 3rd. Piper Sandler reiterated an "overweight" rating and issued a $19.00 target price on shares of Asana in a research report on Thursday, September 4th. DA Davidson reduced their target price on Asana from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 3rd. UBS Group dropped their price target on Asana from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, December 3rd. Finally, Citigroup cut their price objective on Asana from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.19.
View Our Latest Stock Report on Asana
Institutional Investors Weigh In On Asana
A number of large investors have recently added to or reduced their stakes in ASAN. Vanguard Group Inc. raised its stake in shares of Asana by 4.7% during the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company's stock valued at $155,261,000 after acquiring an additional 475,100 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Asana by 11.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,648,910 shares of the company's stock valued at $62,109,000 after purchasing an additional 487,935 shares during the period. Geode Capital Management LLC increased its holdings in Asana by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company's stock valued at $29,080,000 after purchasing an additional 263,601 shares during the period. Acadian Asset Management LLC lifted its holdings in Asana by 73.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company's stock worth $27,256,000 after buying an additional 856,282 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Asana by 52.7% in the 3rd quarter. Marshall Wace LLP now owns 1,963,599 shares of the company's stock worth $26,234,000 after buying an additional 678,016 shares during the period. Institutional investors own 26.21% of the company's stock.
About Asana
(
Get Free Report)
Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.
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