Asana (NYSE:ASAN) Director Dustin A. Moskovitz Buys 225,000 Shares

Key Points

• Dustin A. Moskovitz, a director of Asana, Inc., has acquired 225,000 shares of the company's stock at an average price of $13.77 per share, totaling approximately $3.1 million.
• Asana's stock saw a slight increase of 0.6%, trading at $13.86, with a market capitalization of $3.26 billion.
• Recent analyst ratings for Asana show a consensus rating of "Hold" and a target price averaging $15.97, with varying recommendations from different financial institutions.

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Dustin A. Moskovitz purchased 225,000 shares of Asana stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $13.77 per share, for a total transaction of $3,098,250.00. Following the transaction, the director directly owned 56,879,765 shares of the company's stock, valued at approximately $783,234,364.05. This represents a 0.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Asana Stock Down 0.8%

Shares of ASAN stock traded down $0.1120 during trading on Wednesday, reaching $13.6880. The company's stock had a trading volume of 2,632,820 shares, compared to its average volume of 3,624,794. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77. The stock's 50-day moving average price is $14.00 and its 200 day moving average price is $16.07. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -13.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47.

Asana (NYSE:ASAN - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share (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 analyst estimates of $185.40 million. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned ($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. On average, research analysts anticipate that Asana, Inc. will post -1.09 EPS for the current year.

Hedge Funds Weigh In On Asana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. 180 Wealth Advisors LLC grew its position in Asana by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company's stock valued at $145,000 after buying an additional 722 shares during the last quarter. Vise Technologies Inc. raised its position in Asana by 6.5% during the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company's stock worth $320,000 after buying an additional 959 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Asana by 3.1% in the 1st quarter. SG Americas Securities LLC now owns 32,460 shares of the company's stock worth $473,000 after acquiring an additional 974 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Asana by 13.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company's stock worth $129,000 after acquiring an additional 1,115 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Asana by 6.6% in the second quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company's stock valued at $262,000 after acquiring an additional 1,200 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Scotiabank boosted their target price on Asana from $12.00 to $16.50 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Piper Sandler lifted their price objective on Asana from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Asana in a research note on Wednesday, June 4th. Finally, FBN Securities upgraded shares of Asana to a "strong-buy" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the stock 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.