Asana (NYSE:ASAN) Director Dustin A. Moskovitz Buys 224,861 Shares

Key Points

• Dustin A. Moskovitz, Director of Asana, Inc., acquired $3,071,601.26 worth of stock by purchasing 224,861 shares at an average price of $13.66 per share, raising his ownership to 56,654,765 shares.
• Asana reported a quarterly revenue of $187.63 million with an EPS of $0.05, exceeding analysts' expectations and reflecting an 8.6% year-over-year revenue growth.
• Brokerages are adjusting their price targets for Asana, with a consensus target price of $15.97 and mixed ratings from sell to strong buy among analysts.

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Dustin A. Moskovitz purchased 224,861 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $13.66 per share, for a total transaction of $3,071,601.26. Following the completion of the purchase, the director owned 56,654,765 shares in the company, valued at $773,904,089.90. The trade was a 0.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Asana Trading Down 1.1%

Shares of Asana stock traded down $0.1570 during trading hours on Wednesday, reaching $13.6430. The stock had a trading volume of 115,794 shares, compared to its average volume of 3,425,132. The firm has a 50 day simple moving average of $14.01 and a two-hundred day simple moving average of $16.09. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of -13.67 and a beta of 1.14. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $187.63 million for the quarter, compared to the consensus estimate of $185.40 million. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted ($0.06) EPS. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. As a group, equities research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

Institutional Trading of Asana

Large investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in Asana by 104.5% during the second 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 during the period. Acadian Asset Management LLC lifted its position 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 worth $16,950,000 after buying an additional 1,151,369 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Asana by 594.9% in the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company's stock worth $17,355,000 after buying an additional 1,100,575 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Asana by 288.1% in the fourth quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company's stock worth $28,481,000 after buying an additional 1,043,047 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Asana by 8.1% during the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock worth $254,166,000 after acquiring an additional 937,726 shares during the last quarter. Institutional investors own 26.21% of the company's stock.

Analyst Ratings Changes

ASAN has been the topic of a number of research reports. Royal Bank Of Canada restated an "underperform" rating and issued a $10.00 price objective on shares of Asana in a report on Wednesday, June 4th. Scotiabank raised their target price on Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. FBN Securities upgraded Asana to a "strong-buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday, June 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $22.00 target price on shares of Asana in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.97.

Asana Company Profile

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.