Aziz Megji Sells 35,444 Shares of Asana (NYSE:ASAN) Stock

Posted by Brian Himes on Sep 23rd, 2026

Asana, Inc. (NYSE:ASAN – Get Free Report) CFO Aziz Megji sold 35,444 shares of Asana stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $9.53, for a total value of $337,781.32. Following the transaction, the chief financial officer directly owned 729,945 shares in the company, valued at approximately $6,956,375.85. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aziz Megji also recently made the following trade(s):

On Wednesday, September 23rd, Aziz Megji sold 3,224 shares of Asana stock. The stock was sold at an average price of $9.26, for a total transaction of $29,854.24.

Asana Price Performance

Asana stock traded up $0.41 during trading hours on Wednesday, hitting $9.49. The company had a trading volume of 8,536,562 shares, compared to its average volume of 8,144,764. The firm’s fifty day moving average is $8.89 and its 200-day moving average is $7.53. The firm has a market capitalization of $2.17 billion, a P/E ratio of -14.39 and a beta of 0.95. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.48.

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, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. Asana had a negative return on equity of 80.33% and a negative net margin of 18.62%.The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Analysts anticipate that Asana, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASAN. Barclays downgraded Asana to an “outperform” rating in a research note on Monday, August 24th. DA Davidson increased their price target on Asana from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Robert W. Baird lifted their price target on shares of Asana from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. KeyCorp reduced their price objective on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Asana in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.95.

Get Our Latest Report on ASAN

Key Stories Impacting Asana

Here are the key news stories impacting Asana this week:

Positive Sentiment: Recent insider transactions were conducted under pre-arranged Rule 10b5-1 trading plans, which generally indicates the sales were scheduled in advance rather than based on newly developed concerns about Asana’s outlook.
Neutral Sentiment: Brokerages have assigned Asana an average “Hold” recommendation, suggesting limited near-term conviction among analysts. Asana Receives Average Hold Recommendation
Neutral Sentiment: Coverage indicates Asana is holding near its annual trading range as investors reassess growth metrics. This points to a market focused on whether the company can reaccelerate growth and improve operating performance. Asana Stock Holds Near Its Yearly Range
Negative Sentiment: CEO Daniel Rogers sold a combined 451,112 shares worth approximately $4.24 million across September 21–22, reducing his holdings by roughly 25% over the two transactions. Although the trades were pre-arranged, substantial selling by the chief executive can weigh on sentiment.
Negative Sentiment: Insider Katie Colendich sold a combined 15,910 shares for approximately $153,656 under a 10b5-1 plan, modestly reducing her ownership.
Neutral Sentiment: CFO Aziz Megji sold 3,224 shares, but the transaction was specifically made to cover tax withholding tied to vested equity awards, making it less indicative of a negative view of Asana’s prospects.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASAN. Arrowstreet Capital Limited Partnership grew its holdings in shares of Asana by 37.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock worth $45,979,000 after purchasing an additional 1,969,657 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Asana by 705.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after purchasing an additional 1,204,232 shares in the last quarter. Bank of America Corp DE lifted its position in Asana by 92.6% in the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock worth $14,318,000 after purchasing an additional 1,075,572 shares during the period. Squarepoint Ops LLC boosted its stake in Asana by 108.3% during the second 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. Finally, Y Intercept Hong Kong Ltd boosted its stake in Asana by 250.4% during the first 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 in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Company Profile

(Get Free Report)

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks and team workflows. Its platform is designed to improve collaboration, planning and visibility across departments, enabling users to assign work, set deadlines, track progress and manage priorities in one system.

Asana’s products and features include project and task management, workflow automation, project portfolios, goals and reporting tools, team collaboration capabilities, and integrations with other business applications.