Key Points
- Asana CEO Daniel Rogers sold 19,676 shares at an average price of $11.52, generating approximately $226,668. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 1.35% to 1.44 million shares.
- Asana shares opened at $12.06, up 4.9%, with a market capitalization of approximately $2.76 billion. The stock’s 52-week range is $5.38 to $15.28.
- Analysts maintain a consensus “Hold” rating, with four Buy, seven Hold and three Sell ratings and an average price target of $9.95. The company recently exceeded quarterly earnings and revenue estimates, although it continues to report negative profitability metrics.
Asana, Inc. (NYSE:ASAN - Get Free Report) CEO Daniel Rogers sold 19,676 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $11.52, for a total transaction of $226,667.52. Following the completion of the transaction, the chief executive officer owned 1,437,022 shares in the company, valued at $16,554,493.44. The trade was a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Daniel Mark Rogers also recently made the following trade(s):
- On Friday, October 9th, Daniel Rogers sold 18,021 shares of Asana stock. The shares were sold at an average price of $10.04, for a total transaction of $180,930.84.
- On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The stock was 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 Stock Up 4.9%
Asana stock opened at $12.06 on Friday. The firm has a fifty day moving average of $9.57 and a 200-day moving average of $8.00. Asana, Inc. has a 52-week low of $5.38 and a 52-week high of $15.28. The firm has a market capitalization of $2.76 billion, a P/E ratio of -18.28 and a beta of 1.19.
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, beating the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. During the same quarter in the previous year, the business posted $0.06 EPS. The business's quarterly revenue was up 9.9% on a year-over-year basis. 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, research analysts expect that Asana, Inc. will post -0.53 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ASAN. Barclays cut Asana to an "outperform" rating in a research note on Monday, August 24th. Royal Bank Of Canada upped their target price on Asana from $8.00 to $9.50 and gave the stock a "sector perform" rating in a research report on Friday, September 4th. Piper Sandler increased their target price on Asana from $7.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. Robert W. Baird raised their target price on Asana from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Finally, UBS Group reiterated a "neutral" rating on shares of Asana in a report on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.95.
Get Our Latest Stock Report on ASAN
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ASAN. Bank of America Corp DE grew its holdings in Asana by 92.6% during the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company's stock valued at $14,318,000 after purchasing an additional 1,075,572 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Asana by 250.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company's stock worth $3,410,000 after buying an additional 380,741 shares during the period. Squarepoint Ops LLC lifted its holdings in Asana by 108.3% in the 2nd quarter. Squarepoint Ops LLC now owns 888,160 shares of the company's stock worth $6,217,000 after buying an additional 461,858 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Asana in the 1st quarter worth $1,016,000. Finally, Royal Bank of Canada lifted its holdings in Asana by 2,925.2% in the 1st quarter. Royal Bank of Canada now owns 180,634 shares of the company's stock worth $1,157,000 after buying an additional 174,663 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.
About Asana
(
Get Free Report)
Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks and ongoing business processes. Its platform is designed to provide teams with a shared view of work, responsibilities, deadlines and progress across departments and functions.
Asana's products include tools for project and task management, workflow coordination, goals, portfolios, reporting and team collaboration. The platform also incorporates automation and artificial intelligence features intended to help users organize work, streamline recurring processes and gain visibility into organizational priorities.
The company was founded in 2008 by Dustin Moskovitz, a co-founder of Facebook, and Justin Rosenstein, a former Facebook and Google executive.
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].
