2,000 Shares in Asana, Inc. $ASAN Acquired by Bogart Wealth LLC

Bogart Wealth LLC acquired a new stake in shares of Asana, Inc. (NYSE:ASAN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC lifted its position in Asana by 8,850.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock worth $16,950,000 after buying an additional 1,151,369 shares in the last quarter. Woodline Partners LP raised its stake in shares of Asana by 700.1% in the first quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock worth $10,035,000 after acquiring an additional 602,638 shares during the last quarter. Nuveen LLC acquired a new position in shares of Asana during the first quarter worth approximately $8,419,000. Vanguard Group Inc. lifted its position in shares of Asana by 4.7% during the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock worth $155,261,000 after purchasing an additional 475,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Asana by 117.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock valued at $9,092,000 after purchasing an additional 336,641 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Trading Up 0.8%

NYSE ASAN opened at $14.73 on Wednesday. Asana, Inc. has a 12 month low of $11.58 and a 12 month high of $27.77. The stock has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $14.81. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.48 billion, a PE ratio of -16.55 and a beta of 1.11.

Asana (NYSE:ASAN) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million for the quarter, compared to analyst estimates of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.Asana’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Research analysts forecast that Asana, Inc. will post -1.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASAN. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Morgan Stanley boosted their target price on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Wall Street Zen lowered Asana from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. Finally, Robert W. Baird boosted their price objective on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.10.

Insider Activity

In other news, COO Anne Raimondi sold 28,026 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $14.17, for a total value of $397,128.42. Following the completion of the transaction, the chief operating officer owned 862,469 shares of the company’s stock, valued at $12,221,185.73. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $14.38, for a total value of $911,318.12. Following the sale, the chief financial officer directly owned 1,076,693 shares in the company, valued at $15,482,845.34. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,042,437 shares of company stock valued at $42,519,991 and have sold 2,812,814 shares valued at $42,300,839. Company insiders own 61.28% of the company’s stock.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.