Key Points
- Asana insider Katie Marie Colendich sold 5,242 shares on June 26 at an average price of $6.68, generating about $35,016.56. After the sale, she still held 176,598 shares.
- Colendich also sold shares earlier in the week, including 8,337 shares on June 24 and 7,647 shares on June 22, indicating a series of recent insider sales.
- Asana’s stock was little changed and opened at $6.99, while the company reported quarterly revenue and EPS that slightly beat expectations. Analysts currently rate the stock a consensus Hold with an average price target of $9.27.
Asana, Inc. (NYSE:ASAN - Get Free Report) insider Katie Marie Colendich sold 5,242 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the sale, the insider owned 176,598 shares of the company's stock, valued at $1,179,674.64. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Katie Marie Colendich also recently made the following trade(s):
- On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The stock was sold at an average price of $6.74, for a total value of $56,191.38.
- On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The shares were sold at an average price of $6.66, for a total value of $50,929.02.
Asana Trading Down 0.2%
Shares of ASAN stock opened at $6.99 on Wednesday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -10.13 and a beta of 1.02. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.71. The stock's fifty day simple moving average is $6.88 and its 200-day simple moving average is $8.47.
Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. During the same period in the prior year, the business earned $0.05 EPS. The business's revenue for the quarter was up 9.5% on a year-over-year basis. 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, sell-side analysts predict that Asana, Inc. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On Asana
Several institutional investors and hedge funds have recently modified their holdings of ASAN. Jupiter Asset Management Ltd. boosted its holdings in Asana by 705.6% during the fourth 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Asana by 45.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,607 shares of the company's stock valued at $163,000 after purchasing an additional 3,931 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Asana by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company's stock worth $180,606,000 after purchasing an additional 48,847 shares during the period. CWM LLC increased its stake in shares of Asana by 206.3% in the fourth quarter. CWM LLC now owns 17,024 shares of the company's stock worth $233,000 after purchasing an additional 11,466 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Asana by 25.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 36,024 shares of the company's stock worth $494,000 after purchasing an additional 7,204 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on ASAN. Piper Sandler restated a "neutral" rating and set a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Royal Bank Of Canada upped their price objective on shares of Asana from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Friday, May 29th. Citizens Jmp reiterated a "market outperform" rating and issued a $15.00 target price on shares of Asana in a research report on Friday, May 29th. Morgan Stanley decreased their target price on shares of Asana from $8.00 to $7.00 and set an "underweight" rating for the company in a research note on Friday, May 29th. Finally, Citigroup restated a "market outperform" rating on shares of Asana in a report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Asana currently has an average rating of "Hold" and an average target price of $9.27.
View Our Latest Report on ASAN
Asana Company Profile
(
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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