Asana, Inc. (NYSE:ASAN – Get Free Report) CEO Daniel Rogers sold 19,676 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 1,437,022 shares of the company’s stock, valued at $16,554,493.44. This represents a 1.35% 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.
Daniel Mark Rogers also recently made the following trade(s):
- On Friday, October 9th, Daniel Rogers sold 18,021 shares of Asana stock. The stock was sold at an average price of $10.04, for a total value of $180,930.84.
- On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The shares were sold at an average price of $9.13, for a total value of $1,371,097.75.
- On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The shares were sold at an average price of $9.53, for a total value of $2,867,929.61.
- On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The shares were sold at an average price of $10.00, for a total value of $16,550.00.
Asana Trading Up 4.9%
NYSE:ASAN traded up $0.56 on Friday, hitting $12.06. 4,630,895 shares of the stock were exchanged, compared to its average volume of 6,086,267. The stock has a fifty day moving average of $9.52 and a 200-day moving average of $7.98. The stock has a market cap of $2.76 billion, a PE ratio of -18.28 and a beta of 1.19. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.28.
Asana (NYSE:ASAN – Get Free Report) last released its quarterly earnings data 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. The business 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 company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, analysts predict that Asana, Inc. will post -0.53 earnings per share for the current year.
Institutional Trading of Asana
A number of hedge funds and other institutional investors have recently modified their holdings of 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 worth $14,318,000 after acquiring an additional 1,075,572 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Asana by 250.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock valued at $3,410,000 after purchasing an additional 380,741 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Asana by 108.3% in the 2nd quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock valued at $6,217,000 after purchasing an additional 461,858 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Asana in the 1st quarter valued at about $1,016,000. Finally, Royal Bank of Canada lifted its position in shares of Asana by 2,925.2% during the first quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock worth $1,157,000 after purchasing an additional 174,663 shares during the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently commented on ASAN. Royal Bank Of Canada raised their price target on shares of Asana from $8.00 to $9.50 and gave the company a “sector perform” rating in a report on Friday, September 4th. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. Barclays downgraded shares of Asana to an “outperform” rating in a research note on Monday, August 24th. UBS Group restated a “neutral” rating on shares of Asana in a report on Friday, October 16th. Finally, DA Davidson lifted their target price on shares of Asana from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.95.
Read Our Latest Research Report on ASAN
About Asana
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.
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