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

Key Points

• Dustin Moskovitz, Director of Asana, acquired 225,000 shares at an average price of $14.12 per share, increasing his ownership by 0.39% to 57.33 million shares valued at approximately $809.5 million.
• Despite the insider buying, Asana's stock has seen a decline of 2.3%, with current trading around $13.79 and a market cap of $3.25 billion.
• Asana reported quarterly earnings of $0.05 EPS, exceeding analysts’ expectations, with an 8.6% year-over-year increase in revenue for the quarter.

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Dustin A. Moskovitz purchased 225,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $14.12 per share, for a total transaction of $3,177,000.00. Following the completion of the purchase, the director owned 57,329,000 shares of the company's stock, valued at approximately $809,485,480. This represents a 0.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Asana Price Performance

Shares of NYSE:ASAN traded up $0.7550 during midday trading on Friday, hitting $14.4550. The company's stock had a trading volume of 3,034,129 shares, compared to its average volume of 3,430,953. The business's 50 day simple moving average is $14.00 and its 200 day simple moving average is $16.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $3.40 billion, a P/E ratio of -14.46 and a beta of 1.14. Asana, Inc. has a 12-month low of $11.05 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $185.40 million. During the same period last year, the business earned ($0.06) earnings per share. Asana's revenue was up 8.6% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. On average, analysts forecast that Asana, Inc. will post -1.09 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 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 during the last quarter. Acadian Asset Management LLC raised its position in Asana by 8,850.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company's stock valued at $16,950,000 after purchasing an additional 1,151,369 shares during the last quarter. Marshall Wace LLP raised its position in Asana by 594.9% in the 2nd quarter. Marshall Wace LLP now owns 1,285,583 shares of the company's stock valued at $17,355,000 after purchasing an additional 1,100,575 shares during the last quarter. Two Sigma Investments LP raised its position in Asana by 288.1% in the 4th quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company's stock valued at $28,481,000 after purchasing an additional 1,043,047 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Asana by 8.1% in the 4th quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock valued at $254,166,000 after purchasing an additional 937,726 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ASAN. UBS Group boosted their price target on shares of Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated an "underperform" rating and set a $10.00 price target on shares of Asana in a report on Wednesday, June 4th. FBN Securities upgraded shares of Asana to a "strong-buy" rating in a report on Wednesday, June 4th. HSBC reiterated a "reduce" rating and set a $10.00 price target (down previously from $13.00) on shares of Asana in a report on Wednesday, June 4th. Finally, Wall Street Zen cut shares of Asana from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, Asana currently has a consensus rating of "Hold" and a consensus price target of $15.97.

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.