Asana (NYSE:ASAN) Insider Katie Marie Colendich Sells 7,647 Shares of Stock

Asana, Inc. (NYSE:ASAN – Get Free Report) insider Katie Marie Colendich sold 7,647 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $50,929.02. Following the completion of the transaction, the insider owned 190,177 shares in the company, valued at approximately $1,266,578.82. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Marie Colendich also recently made the following trade(s):

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• On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The stock was sold at an average price of $6.74, for a total transaction of $56,191.38.

Asana Price Performance

Shares of NYSE:ASAN traded down $0.04 during mid-day trading on Wednesday, hitting $6.63. The company had a trading volume of 3,405,849 shares, compared to its average volume of 6,137,649. Asana, Inc. has a one year low of $5.38 and a one year high of $15.71. The firm has a fifty day moving average price of $6.78 and a 200 day moving average price of $8.74. The company has a market capitalization of $1.53 billion, a PE ratio of -9.62 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

ASAN has been the subject of several recent research reports. DA Davidson reiterated a “neutral” rating and issued a $8.00 price target on shares of Asana 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. Morgan Stanley reduced their target price on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, May 29th. KeyCorp decreased their price target on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Finally, Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Asana presently has an average rating of “Hold” and an average price target of $9.27.

View Our Latest Stock Analysis on Asana

Hedge Funds Weigh In On Asana

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after purchasing an additional 2,328 shares during the period. Empowered Funds LLC boosted its position in Asana by 40.9% during the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after buying an additional 7,381 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 acquiring an additional 32,708 shares during the last quarter. American Century Companies Inc. bought a new stake in Asana in the 2nd quarter worth $158,000. Finally, Prudential Financial Inc. purchased a new position in shares of Asana in the second quarter valued at about $160,000. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Company Profile

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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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