Sei Investments Co. reduced its stake in shares of Asana, Inc. (NYSE:ASAN – Free Report) by 49.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,926 shares of the company’s stock after selling 60,054 shares during the period. Sei Investments Co.’s holdings in Asana were worth $390,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Performa Ltd US LLC grew its position in shares of Asana by 335.1% in the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after buying an additional 4,775 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Asana during the fourth quarter worth about $50,000. Summit Securities Group LLC acquired a new position in shares of Asana in the first quarter worth approximately $53,000. Daiwa Securities Group Inc. lifted its stake in shares of Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Asana in the second quarter worth approximately $90,000. 26.21% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have weighed in on ASAN. DA Davidson reissued a “neutral” rating and set a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research note on Wednesday, August 5th. KeyCorp decreased their price objective on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Citigroup reiterated a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $15.00 target price on shares of Asana in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.27.
Asana Stock Down 7.3%
Shares of ASAN stock opened at $9.15 on Friday. The firm has a 50 day moving average of $7.68 and a 200-day moving average of $7.33. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -13.26 and a beta of 0.93. Asana, Inc. has a 52 week low of $5.38 and a 52 week high of $15.71.
Asana (NYSE:ASAN – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $205.09 million for the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. Asana’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Analysts anticipate that Asana, Inc. will post -0.4 earnings per share for the current year.
Insider Activity at Asana
In other news, CEO Daniel Mark Rogers sold 13,790 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total transaction of $95,013.10. Following the transaction, the chief executive officer owned 1,891,990 shares in the company, valued at approximately $13,035,811.10. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Marie Colendich sold 5,242 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.68, for a total transaction of $35,016.56. Following the transaction, the insider directly owned 176,598 shares in the company, valued at $1,179,674.64. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 118,304 shares of company stock valued at $792,775. 87.54% of the stock is currently owned by company insiders.
Asana Profile
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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