Dustin A. Moskovitz Acquires 224,861 Shares of Asana (NYSE:ASAN) Stock

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 bought 224,861 shares of Asana stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $13.66 per share, with a total value of $3,071,601.26. Following the acquisition, the director owned 56,654,765 shares of the company's stock, valued at $773,904,089.90. This trade represents a 0.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Asana Price Performance

Shares of NYSE:ASAN traded down $0.1120 on Wednesday, reaching $13.6880. 2,632,820 shares of the company were exchanged, compared to its average volume of 3,624,794. The company has a 50-day moving average of $14.00 and a 200-day moving average of $16.07. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of -13.69 and a beta of 1.14. 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. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The firm had revenue of $187.63 million for the quarter, compared to the consensus estimate of $185.40 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. Equities analysts forecast that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASAN. Marex Group plc purchased a new position in Asana in the 2nd quarter valued at about $4,772,000. State of Wyoming acquired a new position in shares of Asana in the second quarter valued at approximately $284,000. Caxton Associates LLP acquired a new position in shares of Asana in the second quarter valued at approximately $218,000. Headlands Technologies LLC purchased a new position in shares of Asana during the second quarter valued at approximately $90,000. Finally, Tower Research Capital LLC TRC boosted its position in Asana by 226.4% during the second quarter. Tower Research Capital LLC TRC now owns 11,732 shares of the company's stock worth $158,000 after acquiring an additional 8,138 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company's stock.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Wednesday, June 4th. Scotiabank lifted their price target on Asana from $12.00 to $16.50 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. HSBC reiterated a "reduce" rating and issued a $10.00 price objective (down from $13.00) on shares of Asana in a research report on Wednesday, June 4th. KeyCorp restated a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. Finally, Bank of America cut their target price on shares of Asana from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. One investment 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. According to data from MarketBeat, Asana currently has an average rating of "Hold" and a consensus target price 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.