Asana (NYSE:ASAN) Director Acquires $3,177,000.00 in 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 acquired 225,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were bought at an average price of $14.12 per share, for a total transaction of $3,177,000.00. Following the completion of the transaction, the director owned 57,329,000 shares of the company's stock, valued at approximately $809,485,480. This trade represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Asana Trading Up 5.7%

NYSE:ASAN traded up $0.7750 during midday trading on Friday, hitting $14.4750. 4,355,451 shares of the company traded hands, compared to its average volume of 3,527,909. The firm has a market capitalization of $3.41 billion, a P/E ratio of -14.48 and a beta of 1.14. The firm's fifty day moving average is $14.03 and its 200-day moving average is $15.93. Asana, Inc. has a 12-month low of $11.05 and a 12-month high of $27.77. 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 (NYSE:ASAN - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $187.63 million during 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%. Asana's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. On average, sell-side analysts predict that Asana, Inc. will post -1.09 EPS for the current year.

Institutional Trading of Asana

A number of institutional investors have recently modified their holdings of ASAN. Arrowstreet Capital Limited Partnership lifted its position 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 acquiring an additional 2,126,683 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Asana by 8,850.6% during the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company's stock worth $16,950,000 after purchasing an additional 1,151,369 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Asana by 594.9% during 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 boosted its position in shares of Asana by 288.1% in the 4th quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company's stock worth $28,481,000 after purchasing an additional 1,043,047 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Asana by 8.1% in the 4th quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock worth $254,166,000 after purchasing an additional 937,726 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. Morgan Stanley dropped their price objective on Asana from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. Piper Sandler boosted their price objective on Asana from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $22.00 price objective on shares of Asana in a report on Wednesday, June 4th. Finally, Robert W. Baird increased their price objective on Asana from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One 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 stock. Based on data from MarketBeat.com, Asana has a consensus rating of "Hold" and an average 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.