Asana (NYSE:ASAN) Trading Down 5.2% Following Insider Selling
by Renee Jackson · The Cerbat GemAsana, Inc. (NYSE:ASAN – Get Free Report)’s stock price was down 5.2% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $14.04 and last traded at $13.63. Approximately 281,315 shares were traded during trading, a decline of 92% from the average daily volume of 3,633,372 shares. The stock had previously closed at $14.38.
Specifically, COO Anne Raimondi sold 62,165 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $889,581.15. Following the transaction, the chief operating officer directly owned 702,013 shares in the company, valued at $10,045,806.03. This represents a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Anne Raimondi sold 76,093 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71. Following the sale, the chief operating officer directly owned 764,178 shares of the company’s stock, valued at approximately $11,057,655.66. This represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other Asana news, COO Anne Raimondi sold 22,198 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $14.52, for a total transaction of $322,314.96. Following the completion of the sale, the chief operating officer owned 840,271 shares of the company’s stock, valued at $12,200,734.92. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Wall Street Analyst Weigh In
Several analysts have recently commented on ASAN shares. KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research note on Monday, December 15th. UBS Group lowered their target price on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Robert W. Baird boosted their price target on Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, BTIG Research assumed coverage on Asana in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.32.
Check Out Our Latest Research Report on ASAN
Asana Trading Down 5.2%
The firm has a market capitalization of $3.23 billion, a PE ratio of -14.66 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. The stock’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $13.90.
Asana (NYSE:ASAN – Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $201.03 million for the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the prior year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, sell-side analysts expect that Asana, Inc. will post -1.09 EPS for the current fiscal year.
Hedge Funds Weigh In On Asana
Institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. purchased a new stake in shares of Asana during the 1st quarter valued at $1,148,000. Charles Schwab Investment Management Inc. lifted its holdings in Asana by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after acquiring an additional 47,480 shares during the period. Acadian Asset Management LLC grew its position in Asana by 8,850.6% during the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after buying an additional 1,151,369 shares during the period. Russell Investments Group Ltd. grew its holdings in Asana by 146.6% in the first quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock valued at $1,727,000 after purchasing an additional 70,145 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Asana by 117.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock valued at $9,092,000 after purchasing an additional 336,641 shares during the period. Institutional investors own 26.21% of the company’s stock.
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.