Asana (NYSE:ASAN) CFO Sonalee Elizabeth Parekh Sells 83,656 Shares of Stock

Asana, Inc. (NYSE:ASAN) CFO Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the sale, the chief financial officer owned 993,037 shares of the company’s stock, valued at approximately $14,210,359.47. This represents a 7.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sonalee Elizabeth Parekh also recently made the following trade(s):

• On Tuesday, December 23rd, Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock. The stock was sold at an average price of $13.54, for a total transaction of $336,983.52.

Asana Stock Down 6.1%

Asana stock opened at $13.51 on Wednesday. The company has a market capitalization of $3.20 billion, a PE ratio of -14.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. Asana, Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $24.50. The firm has a 50 day moving average price of $13.64 and a 200 day moving average price of $13.89.

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

Asana News Roundup

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Recent results and guidance: Asana reported a December-quarter revenue and EPS beat and issued FY/Q4 guidance that implies continued progress toward profitability — a constructive signal for the business model and long-term margin improvement. MarketBeat ASAN page
• Positive Sentiment: Analyst support: Some analysts have raised ratings/price targets (e.g., KeyCorp upgraded to overweight with a $18 target), providing a partial offset to selling pressure from insiders. MarketBeat ASAN page
• Neutral Sentiment: Institutional ownership shifts: Several large funds (Arrowstreet, Acadian, Marshall Wace, Woodline, Nuveen) have materially increased stakes in 2025 — a sign of long-term investor interest, but not an immediate counter to near-term insider selling. MarketBeat ASAN page
• Negative Sentiment: Executive selling — CFO: Sonalee Parekh sold a total of 108,544 shares in two trades (83,656 shares on Dec. 22 at $14.31 and 24,888 shares on Dec. 23 at $13.54), totaling roughly $1.53M — reducing her stake by several percent. This material sale by the finance chief is likely contributing to downward pressure. SEC Form 4 (Parekh)
• Negative Sentiment: Executive selling — COO: Anne Raimondi sold roughly 160,456 shares across multiple transactions (76,093 on Dec. 19 at $14.47; 62,165 on Dec. 22 at $14.31; 22,198 on Dec. 18 at $14.52), totaling ~ $2.31M and cutting her holdings by several percentage points — another significant insider liquidation. SEC Form 4 (Raimondi) InsiderTrades summary

Hedge Funds Weigh In On Asana

A number of institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Asana during the 3rd quarter worth about $27,000. Jacobs Levy Equity Management Inc. lifted its stake 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 worth $23,969,000 after purchasing an additional 263,251 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in Asana in the third quarter valued at approximately $173,000. PharVision Advisers LLC increased its stake in Asana by 61.2% in the third quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock valued at $218,000 after purchasing an additional 6,191 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Asana during the third quarter worth approximately $1,004,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ASAN. Royal Bank Of Canada raised their price objective on shares of Asana from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. UBS Group decreased their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Piper Sandler restated an “overweight” rating and issued a $19.00 price target on shares of Asana in a research note on Thursday, September 4th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, BTIG Research started coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.