Asana, Inc. (NYSE:ASAN) Short Interest Down 18.3% in December

Asana, Inc. (NYSE:ASAN) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 13,963,921 shares, a decrease of 18.3% from the November 30th total of 17,097,048 shares. Currently, 15.2% of the company’s stock are short sold. Based on an average daily trading volume, of 5,343,617 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 5,343,617 shares, the short-interest ratio is currently 2.6 days. Currently, 15.2% of the company’s stock are short sold.

Asana Trading Down 1.6%

Asana stock opened at $13.68 on Friday. The stock has a 50-day moving average price of $13.55 and a 200 day moving average price of $13.88. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -14.71 and a beta of 0.91. Asana has a 52 week low of $11.58 and a 52 week high of $24.50. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) EPS. 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 anticipate that Asana will post -1.09 EPS for the current year.

Wall Street Analyst Weigh In

ASAN has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a research note on Monday. Citigroup decreased their price target on Asana from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Royal Bank Of Canada boosted their price target on Asana from $12.00 to $14.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd. Finally, Morgan Stanley increased their price objective on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.32.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 62,165 shares of Asana stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the transaction, the chief operating officer directly owned 702,013 shares in the company, valued at approximately $10,045,806.03. This trade represents a 8.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the sale, the director owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This trade represents a 80.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,269,000 shares of company stock valued at $49,252,124. 61.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Asana

A number of hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Asana by 11.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,648,910 shares of the company’s stock valued at $62,109,000 after acquiring an additional 487,935 shares during the period. Geode Capital Management LLC lifted its stake in shares of Asana by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company’s stock valued at $29,080,000 after purchasing an additional 263,601 shares during the period. Acadian Asset Management LLC grew its position in Asana by 73.5% during the second quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock valued at $27,256,000 after buying an additional 856,282 shares during the period. Marshall Wace LLP raised its position in shares of Asana by 52.7% in the third quarter. Marshall Wace LLP now owns 1,963,599 shares of the company’s stock worth $26,234,000 after acquiring an additional 678,016 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Asana by 17.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after acquiring an additional 263,251 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.

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.