Key Points
- Insider sale: Katie Marie Colendich sold 7,304 Asana shares on March 10 at an average of $7.42 for about $54,196, trimming her stake by 6.32% to 108,214 shares, per the SEC filing.
- Company outlook: Asana posted a slight quarterly EPS beat ($0.08 vs. $0.07) with revenue up 9.2% year-over-year but remains unprofitable (net margin -23.9%, ROE -71.5%), and the stock trades near its 12‑month low amid mixed analyst ratings and lowered price targets (consensus $12.46).
Asana, Inc. (NYSE:ASAN - Get Free Report) insider Katie Marie Colendich sold 7,304 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $7.42, for a total value of $54,195.68. Following the transaction, the insider owned 108,214 shares of the company's stock, valued at approximately $802,947.88. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Asana Stock Up 1.4%
NYSE ASAN traded up $0.10 during trading on Friday, hitting $6.95. The stock had a trading volume of 2,955,031 shares, compared to its average volume of 5,466,042. The company's 50-day moving average price is $9.42 and its two-hundred day moving average price is $12.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $1.65 billion, a PE ratio of -8.68 and a beta of 1.01. Asana, Inc. has a 12 month low of $6.51 and a 12 month high of $19.00.
Asana (NYSE:ASAN - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Asana had a negative net margin of 23.90% and a negative return on equity of 71.50%. The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $205.13 million. The business's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that Asana, Inc. will post -1.09 EPS for the current year.
Hedge Funds Weigh In On Asana
Institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its stake in Asana by 18.3% in the fourth quarter. Invesco Ltd. now owns 106,753 shares of the company's stock valued at $1,464,000 after buying an additional 16,500 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Asana during the 4th quarter worth approximately $211,000. XTX Topco Ltd increased its holdings in shares of Asana by 213.4% during the 4th quarter. XTX Topco Ltd now owns 235,451 shares of the company's stock worth $3,228,000 after acquiring an additional 160,329 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its stake in Asana by 663.4% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 109,178 shares of the company's stock valued at $1,497,000 after acquiring an additional 94,876 shares during the period. Finally, Occudo Quantitative Strategies LP raised its stake in Asana by 76.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 156,282 shares of the company's stock valued at $2,143,000 after acquiring an additional 67,560 shares during the period. Institutional investors and hedge funds own 26.21% of the company's stock.
Analyst Ratings Changes
ASAN has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Asana in a research report on Monday, December 29th. Jefferies Financial Group decreased their price target on Asana from $15.00 to $8.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada dropped their price objective on Asana from $11.00 to $7.00 and set an "underperform" rating on the stock in a research note on Tuesday, March 3rd. Robert W. Baird cut their price objective on Asana from $16.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. Finally, Wall Street Zen raised shares of Asana from a "hold" rating to a "buy" rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.46.
Check Out Our Latest Research 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.
Further Reading
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