Key Points
- Asana insider sale: Katie Colendich sold 6,318 shares at an average price of $8.65, totaling $54,650.70, reducing her ownership by 3.91% to 155,371 shares.
- Recent performance: Asana shares opened at $8.61, with a 52-week range of $5.38 to $15.48 and a market capitalization of approximately $1.97 billion. The company recently exceeded quarterly earnings and revenue estimates, though it remains unprofitable.
- Analyst sentiment: Asana has a consensus rating of “Hold,” with four Buy, eight Hold, and two Sell ratings and an average price target of $9.95. Institutional investors and hedge funds own 26.21% of the company.
Asana, Inc. (NYSE:ASAN - Get Free Report) insider Katie Colendich sold 6,318 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $8.65, for a total transaction of $54,650.70. Following the completion of the sale, the insider owned 155,371 shares in the company, valued at $1,343,959.15. This represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Katie Marie Colendich also recently made the following trade(s):
- On Tuesday, September 22nd, Katie Colendich sold 8,474 shares of Asana stock. The stock was sold at an average price of $9.77, for a total transaction of $82,790.98.
- On Monday, September 21st, Katie Colendich sold 7,436 shares of Asana stock. The shares were sold at an average price of $9.53, for a total transaction of $70,865.08.
Asana Stock Performance
Shares of NYSE:ASAN opened at $8.61 on Friday. Asana, Inc. has a 52 week low of $5.38 and a 52 week high of $15.48. The company has a market capitalization of $1.97 billion, a PE ratio of -13.04 and a beta of 1.19. The company has a 50 day moving average price of $9.13 and a two-hundred day moving average price of $7.61.
Asana (NYSE:ASAN - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. On average, sell-side analysts forecast that Asana, Inc. will post -0.53 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently commented on ASAN. Zacks Research downgraded Asana from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Robert W. Baird boosted their target price on Asana from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. Weiss Ratings restated a "sell (e+)" rating on shares of Asana in a report on Wednesday, August 5th. Citigroup reaffirmed a "market outperform" rating on shares of Asana in a research report on Monday, August 24th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $15.00 price objective on shares of Asana in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Asana currently has an average rating of "Hold" and a consensus price target of $9.95.
Check Out Our Latest Analysis on Asana
Hedge Funds Weigh In On Asana
A number of large investors have recently bought and sold shares of ASAN. Versant Capital Management Inc raised its holdings in shares of Asana by 39.7% in the third quarter. Versant Capital Management Inc now owns 8,443 shares of the company's stock valued at $71,000 after purchasing an additional 2,401 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Asana in the second quarter worth $88,000. Integrated Wealth Concepts LLC acquired a new position in Asana during the second quarter worth $164,000. Squarepoint Ops LLC boosted its holdings in Asana by 108.3% during the second quarter. Squarepoint Ops LLC now owns 888,160 shares of the company's stock worth $6,217,000 after purchasing an additional 461,858 shares during the last quarter. Finally, Allworth Financial LP grew its position in Asana by 193.4% in the second quarter. Allworth Financial LP now owns 13,195 shares of the company's stock valued at $92,000 after purchasing an additional 8,698 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company's stock.
About Asana
(
Get Free Report)
Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks, goals and business processes. Its platform provides tools for assigning and tracking work, managing timelines and dependencies, communicating about projects, and monitoring progress across teams and departments.
Asana's products support a range of use cases, including project and portfolio management, workflow automation, strategic planning, marketing campaigns, product development and employee onboarding.
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