Asana (NYSE:ASAN) Insider Katie Marie Colendich Sells 7,647 Shares

by · The Markets Daily

Asana, Inc. (NYSE:ASAN – Get Free Report) insider Katie Marie Colendich sold 7,647 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 value of $50,929.02. Following the completion of the transaction, the insider owned 190,177 shares of the company’s stock, valued at approximately $1,266,578.82. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, June 24th, Katie Marie Colendich sold 8,337 shares of Asana stock. The stock was sold at an average price of $6.74, for a total value of $56,191.38.

Asana Trading Down 0.5%

Asana stock traded down $0.04 on Wednesday, hitting $6.63. 3,405,849 shares of the stock traded hands, compared to its average volume of 6,137,649. The firm has a market cap of $1.53 billion, a P/E ratio of -9.62 and a beta of 1.02. The business’s fifty day simple moving average is $6.78 and its 200 day simple moving average is $8.74. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.71.

Asana (NYSE:ASAN – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm 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%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior 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. As a group, analysts predict that Asana, Inc. will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Asana

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jupiter Asset Management Ltd. raised its position in shares of Asana by 705.6% during 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. Handelsbanken Fonder AB boosted its holdings in Asana by 19.6% in the 4th quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock worth $318,000 after buying an additional 3,800 shares during the period. GSA Capital Partners LLP purchased a new stake in Asana in the 4th quarter worth $829,000. UBS Group AG raised its holdings in Asana by 9.3% during the fourth quarter. UBS Group AG now owns 966,537 shares of the company’s stock valued at $13,251,000 after acquiring an additional 82,357 shares during the period. Finally, Wesbanco Bank Inc. raised its holdings in Asana by 110.0% during the fourth quarter. Wesbanco Bank Inc. now owns 73,500 shares of the company’s stock valued at $1,008,000 after acquiring an additional 38,500 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASAN has been the topic of several recent research reports. Piper Sandler restated a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. KeyCorp reduced their price target on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. UBS Group reiterated a “neutral” rating and issued a $8.00 price target on shares of Asana in a research note on Friday, May 29th. Morgan Stanley cut their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Asana has an average rating of “Hold” and an average price target of $9.27.

Check Out Our Latest Research Report on ASAN

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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