Asana (NYSE:ASAN) COO Anne Raimondi Sells 76,093 Shares

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 76,093 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the transaction, the chief operating officer directly owned 764,178 shares in the company, valued at approximately $11,057,655.66. The trade was a 9.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Anne Raimondi also recently made the following trade(s):

• On Monday, December 22nd, Anne Raimondi sold 62,165 shares of Asana stock. The shares were sold at an average price of $14.31, for a total transaction of $889,581.15.
• On Thursday, December 18th, Anne Raimondi sold 22,198 shares of Asana stock. The shares were sold at an average price of $14.52, for a total transaction of $322,314.96.

Asana Price Performance

NYSE:ASAN traded down $0.09 during midday trading on Monday, hitting $14.39. 3,998,332 shares of the stock were exchanged, compared to its average volume of 4,282,087. The business has a 50-day moving average price of $13.65 and a two-hundred day moving average price of $13.90. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -15.48 and a beta of 0.93. Asana, Inc. has a one year low of $11.58 and a one year high of $24.50.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The company had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. During the same quarter in the previous year, the business earned ($0.02) EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Sell-side analysts predict that Asana, Inc. will post -1.09 EPS for the current year.

Institutional Trading of Asana

A number of institutional investors have recently added to or reduced their stakes in ASAN. FNY Investment Advisers LLC acquired a new position in shares of Asana during the 3rd quarter worth $27,000. Jacobs Levy Equity Management Inc. raised its holdings in Asana by 17.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after buying an additional 263,251 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in shares of Asana in the third quarter worth about $173,000. PharVision Advisers LLC boosted its stake in shares of Asana by 61.2% during the 3rd quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock worth $218,000 after acquiring an additional 6,191 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Asana during the 3rd quarter valued at about $1,004,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Robert W. Baird boosted their target price on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $19.00 target price on shares of Asana in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.32.

Asana Company 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.