Anne Raimondi Sells 28,026 Shares of Asana (NYSE:ASAN) Stock

Key Points

• Asana, Inc. COO Anne Raimondi sold 28,026 shares of company stock for a total of $397,128.42, reducing her ownership by 3.15% to approximately 862,469 shares.
• The company reported a negative EPS of ($0.20) for the last quarter, missing analysts' estimates, while revenue increased to $196.94 million, up 9.9% year-over-year.
• Research analysts have mixed opinions on Asana, with a consensus rating of "Hold" and an average target price of $16.10, while some firms have set targets as low as $10.00.

Asana, Inc. (NYSE:ASAN - Get Free Report) COO Anne Raimondi sold 28,026 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $14.17, for a total value of $397,128.42. Following the transaction, the chief operating officer owned 862,469 shares of the company's stock, valued at approximately $12,221,185.73. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Asana Trading Down 0.3%

Shares of NYSE ASAN traded down $0.05 during midday trading on Wednesday, reaching $14.17. The company had a trading volume of 1,987,507 shares, compared to its average volume of 3,574,217. The firm's fifty day moving average price is $14.19 and its 200-day moving average price is $14.87. The stock has a market cap of $3.35 billion, a PE ratio of -15.92 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Asana, Inc. has a one year low of $11.08 and a one year high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The business had revenue of $196.94 million for the quarter, compared to the consensus estimate of $193.01 million. During the same period in the previous year, the company earned ($0.05) EPS. The company's revenue for the quarter was up 9.9% on a year-over-year basis. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, equities research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ASAN. KeyCorp restated a "sector weight" rating on shares of Asana in a research note on Wednesday, June 4th. HSBC reiterated a "reduce" rating and set a $10.00 target price (down from $13.00) on shares of Asana in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 4th. UBS Group raised their price target on Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded Asana from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.10.

Hedge Funds Weigh In On Asana

Several hedge funds have recently bought and sold shares of ASAN. Arrowstreet Capital Limited Partnership raised its position in Asana by 104.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company's stock valued at $56,173,000 after purchasing an additional 2,126,683 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Asana by 8,850.6% in 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 in the last quarter. Marshall Wace LLP boosted its position in Asana by 594.9% during the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company's stock worth $17,355,000 after purchasing an additional 1,100,575 shares in the last quarter. Woodline Partners LP lifted its position in shares of Asana by 700.1% in the first quarter. Woodline Partners LP now owns 688,713 shares of the company's stock valued at $10,035,000 after acquiring an additional 602,638 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Asana during the first quarter worth about $8,419,000. Institutional investors and hedge funds own 26.21% of the company's stock.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.

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