Asana (NYSE:ASAN) CEO Daniel Mark Rogers Sells 26,975 Shares of Stock

Asana, Inc. (NYSE:ASANGet Free Report) CEO Daniel Mark Rogers sold 26,975 shares of Asana stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $179,653.50. Following the sale, the chief executive officer directly owned 1,905,780 shares of the company’s stock, valued at approximately $12,692,494.80. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Asana Price Performance

Shares of ASAN stock opened at $6.63 on Thursday. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.71. The stock’s 50-day moving average is $6.80 and its two-hundred day moving average is $8.69. The firm has a market cap of $1.53 billion, a P/E ratio of -9.62 and a beta of 1.02.

Asana (NYSE:ASANGet Free Report) last announced its quarterly earnings results 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. The business had revenue of $205.09 million during the quarter, compared to analyst estimates of $203.58 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same period 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. As a group, research analysts expect that Asana, Inc. will post -0.4 EPS for the current year.

Institutional Investors Weigh In On Asana

A number of large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 last quarter. Empowered Funds LLC boosted its holdings in shares of Asana by 40.9% during the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after buying an additional 7,381 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Asana by 14.5% during 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 buying an additional 32,708 shares during the period. American Century Companies Inc. bought a new stake in shares of Asana during the 2nd quarter worth $158,000. Finally, Prudential Financial Inc. acquired a new position in Asana in the 2nd quarter valued at $160,000. Institutional investors own 26.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ASAN. Citizens Jmp reissued a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research report on Friday, May 29th. Morgan Stanley cut their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. Wall Street Zen raised shares of Asana from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Piper Sandler reiterated a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Finally, 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. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.27.

View Our Latest Report on Asana

About Asana

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Asana (NYSE:ASAN)

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