Key Points
- Asana CEO Daniel Mark Rogers sold 1,655 shares at $10 each, totaling $16,550. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his ownership by just 0.09%.
- Asana reported quarterly revenue of $205.1 million, up 9.5% year over year, while EPS of $0.10 exceeded the $0.08 analyst consensus. However, the company continues to post negative profitability metrics.
- Analyst sentiment remains mixed, with an overall “Hold” rating and average price target of $9.27; four analysts rate the stock a Buy, eight a Hold, and two a Sell.
Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Daniel Mark Rogers sold 1,655 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $10.00, for a total value of $16,550.00. Following the sale, the chief executive officer owned 1,925,831 shares in the company, valued at approximately $19,258,310. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Daniel Mark Rogers also recently made the following trade(s):
- On Tuesday, June 30th, Daniel Mark Rogers sold 13,790 shares of Asana stock. The stock was sold at an average price of $6.89, for a total value of $95,013.10.
- On Monday, June 22nd, Daniel Mark Rogers sold 26,975 shares of Asana stock. The shares were sold at an average price of $6.66, for a total value of $179,653.50.
Asana Price Performance
Shares of NYSE:ASAN opened at $10.23 on Friday. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.71. The company has a market cap of $2.36 billion, a P/E ratio of -14.83 and a beta of 0.93. The stock's fifty day moving average price is $8.13 and its 200-day moving average price is $7.30.
Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 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 company had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. During the same period last year, the company earned $0.05 EPS. Asana's revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Asana, Inc. will post -0.4 earnings per share for the current year.
Analyst Ratings Changes
ASAN has been the subject of a number of research analyst reports. Citizens Jmp reiterated a "market outperform" rating and issued a $15.00 price target on shares of Asana in a research note on Tuesday, July 7th. UBS Group reissued a "neutral" rating and set a $8.00 price target on shares of Asana in a report on Friday, May 29th. Royal Bank Of Canada raised their price target on Asana from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Friday, May 29th. Zacks Research cut Asana from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, KeyCorp lowered their target price on Asana from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9.27.
Read Our Latest Research Report on Asana
Key Asana News
Here are the key news stories impacting Asana this week:
- Positive Sentiment: Asana’s board appointed Aziz Megji to a senior accounting leadership position. The move may strengthen financial reporting and corporate finance operations ahead of the company’s upcoming earnings release. Asana Expands Finance Leadership With New Accounting Role
- Positive Sentiment: Investors are awaiting Asana’s next earnings report, which could provide fresh evidence on demand for its work-management software and progress toward profitability. In its latest reported quarter, revenue rose 9.5% year over year to $205.1 million and earnings of $0.10 per share exceeded the $0.08 consensus estimate. Asana to Release Earnings on Thursday
- Neutral Sentiment: CEO Daniel Mark Rogers sold 1,655 shares for approximately $16,550 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his holdings by only 0.09%, limiting its significance, though insider selling can still attract investor attention. Asana CEO Insider Sale
- Negative Sentiment: Zacks Research downgraded Asana from “strong buy” to “hold,” potentially weighing on sentiment and signaling that the recent rally may have reduced the stock’s near-term upside.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Asana by 37.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company's stock worth $45,979,000 after acquiring an additional 1,969,657 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Asana by 705.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company's stock worth $18,850,000 after purchasing an additional 1,204,232 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Asana by 92.6% in the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company's stock worth $14,318,000 after purchasing an additional 1,075,572 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Asana by 53.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company's stock worth $38,277,000 after purchasing an additional 977,107 shares during the period. Finally, Marshall Wace LLP lifted its position in Asana by 35.1% during the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company's stock valued at $36,375,000 after purchasing an additional 689,546 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors.
Asana Company Profile
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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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