Insider Selling: Asana (NYSE:ASAN) CFO Sells $211,095.36 in Stock

Asana, Inc. (NYSE:ASAN) CFO Aziz Megji sold 31,696 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $211,095.36. Following the transaction, the chief financial officer directly owned 778,628 shares in the company, valued at approximately $5,185,662.48. The trade was a 3.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Asana Stock Down 0.5%

ASAN stock traded down $0.04 during trading hours on Wednesday, hitting $6.63. The company’s stock had a trading volume of 3,405,849 shares, compared to its average volume of 6,137,649. The company has a market capitalization of $1.53 billion, a PE ratio of -9.62 and a beta of 1.02. Asana, Inc. has a 12 month low of $5.38 and a 12 month high of $15.71. The stock has a 50 day moving average price of $6.78 and a two-hundred day moving average price of $8.74.

Asana (NYSE:ASAN) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $205.09 million for the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. Asana’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm 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. Sell-side analysts expect that Asana, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Asana during the third quarter worth approximately $27,000. Optiver Holding B.V. increased its holdings in shares of Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after purchasing an additional 5,002 shares during the period. Performa Ltd US LLC raised its position in shares of Asana by 335.1% during the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after buying an additional 4,775 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Asana in the fourth quarter valued at about $50,000. Finally, Summit Securities Group LLC acquired a new stake in Asana during the first quarter worth about $53,000. 26.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and set a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Asana from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a report on Friday, May 29th. Robert W. Baird lowered their target price on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, KeyCorp cut their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.27.

About Asana

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.