Daniel Mark Rogers Sells 13,790 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN – Get Free Report) CEO Daniel Mark Rogers sold 13,790 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total value of $95,013.10. Following the sale, the chief executive officer owned 1,891,990 shares in the company, valued at approximately $13,035,811.10. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed 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):

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• On Monday, June 22nd, Daniel Mark Rogers sold 26,975 shares of Asana stock. The stock was sold at an average price of $6.66, for a total value of $179,653.50.

Asana Stock Up 0.1%

NYSE ASAN opened at $7.34 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of -10.64 and a beta of 0.97. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The business has a 50 day moving average price of $6.94 and a two-hundred day moving average price of $8.36.

Asana (NYSE:ASAN – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The company had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. During the same quarter last year, the company earned $0.05 earnings per share. Asana’s revenue for the quarter was up 9.5% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Sell-side analysts anticipate that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ASAN. Piper Sandler reaffirmed a “neutral” rating and set a $7.00 price target (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research report on Friday, May 8th. Morgan Stanley decreased their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, May 29th. Citigroup restated a “market outperform” rating on shares of Asana in a research note on Friday, May 29th. Finally, Royal Bank Of Canada lifted their target price on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Asana currently has an average rating of “Hold” and an average target price of $9.27.

Check Out Our Latest Report on ASAN

Institutional Trading of Asana

A number of hedge funds have recently made changes to their positions in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Asana by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after acquiring an additional 2,328 shares in the last quarter. Empowered Funds LLC increased its position in shares of Asana by 40.9% in the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after purchasing an additional 7,381 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Asana by 14.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock worth $3,770,000 after purchasing an additional 32,708 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Asana in the 2nd quarter worth about $158,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Asana in the 2nd quarter valued at about $160,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

About Asana

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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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