Key Points
- CFO Sonalee Parekh sold 83,656 shares on Dec. 22 at an average $14.31 for about $1.20M and another 24,888 shares on Dec. 23, totaling 108,544 shares (~$1.53M) and reducing her stake by 7.77% to 993,037 shares valued at roughly $14.2M.
- Other executives, notably COO Anne Raimondi (who sold ~160,456 shares worth ~ $2.31M), have also liquidated sizable positions, a pattern of insider selling that could weigh on the stock near term.
- Despite the insider sales, Asana beat December-quarter revenue and EPS estimates and issued FY/Q4 guidance pointing toward improved profitability, though analysts remain mixed with a consensus "Hold" and an average target of $16.32.
Asana, Inc. (NYSE:ASAN - Get Free Report) CFO Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total value of $336,983.52. Following the completion of the transaction, the chief financial officer owned 968,149 shares of the company's stock, valued at approximately $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Sonalee Elizabeth Parekh also recently made the following trade(s):
- On Monday, December 22nd, Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock. The stock was sold at an average price of $14.31, for a total value of $1,197,117.36.
Asana Stock Down 6.1%
Shares of NYSE ASAN opened at $13.51 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.20 billion, a P/E ratio of -14.52 and a beta of 0.93. Asana, Inc. has a 52 week low of $11.58 and a 52 week high of $24.50. The business has a 50-day simple moving average of $13.64 and a two-hundred day simple moving average of $13.89.
Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The firm had revenue of $201.03 million for the quarter, compared to analysts' expectations of $198.78 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The company's revenue was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Asana
Large investors have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC boosted its holdings in shares of Asana by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company's stock worth $145,000 after purchasing an additional 722 shares in the last quarter. Vident Advisory LLC lifted its position in Asana by 4.3% in the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company's stock worth $301,000 after buying an additional 930 shares during the last quarter. Blue Trust Inc. lifted its position in Asana by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company's stock worth $369,000 after buying an additional 968 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Asana by 13.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company's stock worth $129,000 after buying an additional 1,115 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Asana by 6.6% during the second quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company's stock valued at $262,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 26.21% of the company's stock.
Trending Headlines about Asana
Here are the key news stories impacting Asana this week:
- Positive Sentiment: Recent results and guidance: Asana reported a December-quarter revenue and EPS beat and issued FY/Q4 guidance that implies continued progress toward profitability — a constructive signal for the business model and long-term margin improvement. MarketBeat ASAN page
- Positive Sentiment: Analyst support: Some analysts have raised ratings/price targets (e.g., KeyCorp upgraded to overweight with a $18 target), providing a partial offset to selling pressure from insiders. MarketBeat ASAN page
- Neutral Sentiment: Institutional ownership shifts: Several large funds (Arrowstreet, Acadian, Marshall Wace, Woodline, Nuveen) have materially increased stakes in 2025 — a sign of long-term investor interest, but not an immediate counter to near-term insider selling. MarketBeat ASAN page
- Negative Sentiment: Executive selling — CFO: Sonalee Parekh sold a total of 108,544 shares in two trades (83,656 shares on Dec. 22 at $14.31 and 24,888 shares on Dec. 23 at $13.54), totaling roughly $1.53M — reducing her stake by several percent. This material sale by the finance chief is likely contributing to downward pressure. SEC Form 4 (Parekh)
- Negative Sentiment: Executive selling — COO: Anne Raimondi sold roughly 160,456 shares across multiple transactions (76,093 on Dec. 19 at $14.47; 62,165 on Dec. 22 at $14.31; 22,198 on Dec. 18 at $14.52), totaling ~ $2.31M and cutting her holdings by several percentage points — another significant insider liquidation. SEC Form 4 (Raimondi) InsiderTrades summary
Wall Street Analyst Weigh In
Several research analysts have commented on ASAN shares. Wall Street Zen raised shares of Asana from a "hold" rating to a "buy" rating in a report on Saturday, December 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Asana in a research report on Monday. Piper Sandler restated an "overweight" rating and set a $19.00 target price on shares of Asana in a research report on Thursday, September 4th. UBS Group decreased their target price on Asana from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada lifted their price target on Asana from $12.00 to $14.00 and gave the company an "underperform" rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.32.
Get Our Latest Stock Report on Asana
Asana Company Profile
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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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