Key Points
- Asana COO Anne Raimondi sold 76,093 shares on Dec. 19 at an average $14.47 for $1.10M, and also sold 62,165 shares on Dec. 22 and 22,198 shares on Dec. 18, reducing her direct stake to 764,178 shares (about a 9% decline).
- Asana slightly beat quarterly estimates (EPS $0.07 vs. $0.06; revenue $201.03M vs. $198.78M) but remains unprofitable with a -28.33% net margin and -79.8% ROE, and provided FY2026 EPS guidance of $0.250–0.260.
- Analysts hold a consensus "Hold" rating with an average price target of $16.32, while the stock trades near $14.39 with a $3.41B market cap and a 52-week range of $11.58–$24.50.
Asana, Inc. (NYSE:ASAN - Get Free Report) COO Anne Raimondi sold 22,198 shares of the firm's stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $14.52, for a total value of $322,314.96. Following the completion of the sale, the chief operating officer directly owned 840,271 shares in the company, valued at $12,200,734.92. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Anne Raimondi also recently made the following trade(s):
- On Monday, December 22nd, Anne Raimondi sold 62,165 shares of Asana stock. The stock was sold at an average price of $14.31, for a total value of $889,581.15.
- On Friday, December 19th, Anne Raimondi sold 76,093 shares of Asana stock. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71.
Asana Trading Down 0.6%
Shares of Asana stock opened at $14.39 on Tuesday. Asana, Inc. has a 1 year low of $11.58 and a 1 year high of $24.50. The company's fifty day simple moving average is $13.65 and its 200-day simple moving average is $13.90. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -15.48 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.
Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, sell-side analysts expect that Asana, Inc. will post -1.09 EPS for the current year.
Institutional Investors Weigh In On Asana
Several large investors have recently modified their holdings of ASAN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Asana by 104.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company's stock worth $56,173,000 after buying an additional 2,126,683 shares in the last quarter. Acadian Asset Management LLC grew its position in Asana by 8,850.6% in the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company's stock valued at $16,950,000 after acquiring an additional 1,151,369 shares during the period. Marshall Wace LLP raised its stake in Asana by 594.9% during the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company's stock worth $17,355,000 after acquiring an additional 1,100,575 shares in the last quarter. Woodline Partners LP raised its stake in Asana by 700.1% during the first quarter. Woodline Partners LP now owns 688,713 shares of the company's stock worth $10,035,000 after acquiring an additional 602,638 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Asana during the first quarter valued at $8,419,000. 26.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on ASAN shares. Citigroup decreased their target price on Asana from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 3rd. KeyCorp upgraded Asana from a "sector weight" rating to an "overweight" rating and set a $18.00 price objective for the company in a research report on Monday, December 15th. BTIG Research initiated coverage on Asana in a research report on Tuesday, December 16th. They set a "neutral" rating on the stock. Robert W. Baird upped their target price on Asana from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Wall Street Zen raised Asana from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.32.
View Our Latest Stock Report on Asana
About Asana
(
Get Free Report)
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.
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