Asana (NYSE:ASAN) Director Justin Rosenstein Sells 14,500 Shares

Key Points

• Asana Director Justin Rosenstein sold 14,500 shares on October 10th at an average price of $15.07, totaling $218,515, reducing his position by 0.93%.
• The company's stock traded down to $14.15 recently, with a market cap of $3.34 billion and a PE ratio of -15.89.
• Asana reported a loss of $0.20 EPS for the last quarter, missing analyst expectations, but achieved revenue of $196.94 million, slightly above estimates.

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Justin Rosenstein sold 14,500 shares of the business's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $15.07, for a total value of $218,515.00. Following the transaction, the director owned 1,541,425 shares of the company's stock, valued at $23,229,274.75. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Justin Rosenstein also recently made the following trade(s):

• On Thursday, October 9th, Justin Rosenstein sold 1,199,560 shares of Asana stock. The shares were sold at an average price of $15.23, for a total value of $18,269,298.80.
• On Wednesday, October 8th, Justin Rosenstein sold 454,913 shares of Asana stock. The shares were sold at an average price of $15.08, for a total value of $6,860,088.04.
• On Monday, July 28th, Justin Rosenstein sold 517,635 shares of Asana stock. The shares were sold at an average price of $15.04, for a total value of $7,785,230.40.
• On Friday, July 25th, Justin Rosenstein sold 223,894 shares of Asana stock. The shares were sold at an average price of $14.98, for a total value of $3,353,932.12.
• On Thursday, July 24th, Justin Rosenstein sold 115,936 shares of Asana stock. The shares were sold at an average price of $15.03, for a total value of $1,742,518.08.
• On Wednesday, July 23rd, Justin Rosenstein sold 729,228 shares of Asana stock. The shares were sold at an average price of $15.08, for a total value of $10,996,758.24.
• On Tuesday, July 22nd, Justin Rosenstein sold 966,576 shares of Asana stock. The shares were sold at an average price of $15.04, for a total value of $14,537,303.04.
• On Monday, July 21st, Justin Rosenstein sold 195,131 shares of Asana stock. The stock was sold at an average price of $15.01, for a total value of $2,928,916.31.
• On Friday, July 18th, Justin Rosenstein sold 226,600 shares of Asana stock. The stock was sold at an average price of $14.99, for a total value of $3,396,734.00.

Asana Stock Performance

ASAN stock traded down $0.12 during trading on Tuesday, reaching $14.15. 2,780,947 shares of the company's stock were exchanged, compared to its average volume of 3,621,820. 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 1-year low of $11.58 and a 1-year high of $27.77. The company's fifty day moving average price is $13.98 and its 200-day moving average price is $14.84. The firm has a market cap of $3.34 billion, a PE ratio of -15.89 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

ASAN has been the topic of a number of research reports. Wall Street Zen raised Asana from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Robert W. Baird boosted their price objective on Asana from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. Piper Sandler reissued an "overweight" rating and issued a $19.00 price objective on shares of Asana in a research note on Thursday, September 4th. Weiss Ratings reissued a "sell (e+)" rating on shares of Asana in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $16.10.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. 180 Wealth Advisors LLC boosted its position in shares of Asana by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company's stock worth $145,000 after purchasing an additional 722 shares during the last quarter. SG Americas Securities LLC boosted its position 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 purchasing an additional 974 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position 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 purchasing an additional 1,115 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Asana by 6.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company's stock worth $262,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Catalyst Private Wealth LLC boosted its position in shares of Asana by 3.1% in the 2nd quarter. Catalyst Private Wealth LLC now owns 42,984 shares of the company's stock worth $580,000 after purchasing an additional 1,285 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

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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