Katie Marie Colendich Sells 8,337 Shares of Asana (NYSE:ASAN) Stock

by · The Cerbat Gem

Asana, Inc. (NYSE:ASAN – Get Free Report) insider Katie Marie Colendich sold 8,337 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $6.74, for a total transaction of $56,191.38. Following the completion of the sale, the insider directly owned 181,840 shares in the company, valued at approximately $1,225,601.60. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katie Marie Colendich also recently made the following trade(s):

  • On Monday, June 22nd, Katie Marie Colendich sold 7,647 shares of Asana stock. The shares were sold at an average price of $6.66, for a total transaction of $50,929.02.

Asana Price Performance

Shares of Asana stock traded down $0.04 during trading on Wednesday, hitting $6.63. 3,405,849 shares of the stock were exchanged, compared to its average volume of 6,137,649. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -9.62 and a beta of 1.02. The firm’s 50-day moving average price is $6.78 and its 200 day moving average price is $8.74. Asana, Inc. has a 12-month low of $5.38 and a 12-month high of $15.71.

Asana (NYSE:ASAN – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm had revenue of $205.09 million for the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. Asana’s revenue for the quarter was up 9.5% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. As a group, research analysts forecast that Asana, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASAN. KeyCorp cut their target price on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a report on Friday, May 29th. Robert W. Baird dropped their price target 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. DA Davidson reissued a “neutral” rating and set a $8.00 price objective on shares of Asana in a report on Friday, May 29th. Finally, Morgan Stanley reduced their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Asana has a consensus rating of “Hold” and an average price target of $9.27.

Read Our Latest Research Report on ASAN

Institutional Trading of Asana

Several institutional investors and hedge funds have recently made changes to their positions in ASAN. Jupiter Asset Management Ltd. boosted its position in shares of Asana by 705.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after purchasing an additional 1,204,232 shares during the period. Vanguard Group Inc. increased its position in Asana by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock worth $180,606,000 after buying an additional 48,847 shares during the period. Wesbanco Bank Inc. lifted its stake in Asana by 110.0% in the fourth quarter. Wesbanco Bank Inc. now owns 73,500 shares of the company’s stock valued at $1,008,000 after buying an additional 38,500 shares during the last quarter. CWM LLC lifted its stake in Asana by 206.3% in the fourth quarter. CWM LLC now owns 17,024 shares of the company’s stock valued at $233,000 after buying an additional 11,466 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Asana in the fourth quarter valued at approximately $230,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

Asana Company Profile

(Get Free Report)

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.

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