Key Points
- Asana CEO Daniel Rogers sold 18,021 shares for approximately $180,931 at an average price of $10.04 under a pre-arranged Rule 10b5-1 plan. He retained 1,456,698 shares worth roughly $14.6 million.
- Asana recently exceeded quarterly expectations, reporting $0.10 in earnings per share versus a $0.09 estimate and revenue of $216.43 million. However, the company remains unprofitable, with an 18.62% negative net margin and analysts expecting a full-year loss.
- Analysts maintain a consensus “Hold” rating, with an average price target of $9.95; institutional investors own 26.21% of the company.
Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Daniel Rogers sold 18,021 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $10.04, for a total transaction of $180,930.84. Following the completion of the sale, the chief executive officer owned 1,456,698 shares in the company, valued at approximately $14,625,247.92. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The shares were sold at an average price of $9.13, for a total transaction of $1,371,097.75.
- On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The stock was sold at an average price of $9.53, for a total transaction of $2,867,929.61.
- On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The stock was sold at an average price of $10.00, for a total transaction of $16,550.00.
Asana Price Performance
Shares of NYSE:ASAN opened at $9.88 on Wednesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -14.98 and a beta of 1.19. The firm has a 50 day simple moving average of $9.33 and a 200 day simple moving average of $7.77. Asana, Inc. has a one year low of $5.38 and a one year high of $15.28.
Asana (NYSE:ASAN - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm 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 company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter 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. As a group, analysts expect that Asana, Inc. will post -0.53 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in 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. Blue Trust Inc. grew its holdings in Asana by 13.9% during the first quarter. Blue Trust Inc. now owns 33,716 shares of the company's stock valued at $216,000 after purchasing an additional 4,117 shares during the period. 180 Wealth Advisors LLC grew its holdings in Asana by 20.3% during the second quarter. 180 Wealth Advisors LLC now owns 27,637 shares of the company's stock valued at $193,000 after purchasing an additional 4,655 shares during the period. Performa Ltd US LLC increased its position in Asana by 335.1% in the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company's stock worth $40,000 after buying an additional 4,775 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in Asana by 2,008.8% in the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company's stock worth $34,000 after buying an additional 5,002 shares during the last quarter. Institutional investors own 26.21% of the company's stock.
Analyst Ratings Changes
ASAN has been the topic of several recent research reports. Robert W. Baird raised their price objective on Asana from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Barclays lowered Asana to an "outperform" rating in a research report on Monday, August 24th. UBS Group upped their target price on Asana from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Asana in a report on Wednesday, August 5th. Finally, DA Davidson increased their target price on Asana from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9.95.
Get Our Latest Analysis on Asana
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
