78,759 Shares in Asana, Inc. $ASAN Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. purchased a new stake in Asana, Inc., acquiring 78,759 shares valued at approximately $1,148,000.
• Asana reported $0.05 earnings per share (EPS) for the most recent quarter, exceeding analyst estimates and reflecting an 8.6% year-over-year revenue increase.
• Insiders have actively traded Asana shares, with Director Dustin A. Moskovitz acquiring 122,470 shares recently, bringing his total ownership to approximately $782 million.

Landscape Capital Management L.L.C. acquired a new stake in Asana, Inc. (NYSE:ASAN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 78,759 shares of the company's stock, valued at approximately $1,148,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vident Advisory LLC purchased a new stake in Asana in the 4th quarter valued at approximately $460,000. Vanguard Group Inc. lifted its position in shares of Asana by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company's stock valued at $155,261,000 after acquiring an additional 475,100 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Asana by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company's stock valued at $10,815,000 after acquiring an additional 47,480 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Asana during the 4th quarter valued at approximately $352,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Asana by 146.6% during the 1st quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company's stock valued at $1,727,000 after acquiring an additional 70,145 shares during the period. Hedge funds and other institutional investors own 26.21% of the company's stock.

Insider Transactions at Asana

In other news, Director Dustin A. Moskovitz bought 122,470 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average price of $13.52 per share, for a total transaction of $1,655,794.40. Following the completion of the transaction, the director owned 57,898,436 shares in the company, valued at $782,786,854.72. The trade was a 0.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 5,375,000 shares of company stock worth $75,920,894 and have sold 3,033,130 shares worth $45,552,218. Company insiders own 61.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ASAN. Wall Street Zen downgraded shares of Asana from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Piper Sandler reiterated an "overweight" rating and set a $19.00 price target on shares of Asana in a research report on Thursday. Bank of America cut their price target on Asana from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. Morgan Stanley lifted their price target on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Thursday. Finally, 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.10.

Asana Price Performance

Shares of ASAN traded up $0.45 during mid-day trading on Thursday, reaching $14.68. 13,576,907 shares of the company's stock were exchanged, compared to its average volume of 3,693,141. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $14.23 and a two-hundred day simple moving average of $15.45. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -16.50 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative return on equity of 83.00% and a negative net margin of 27.50%.The business had revenue of $196.94 million for the quarter, compared to analysts' expectations of $193.01 million. During the same period last year, the business earned ($0.05) earnings per share. The company's revenue for the quarter was up 9.9% on a year-over-year basis. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, sell-side analysts predict that Asana, Inc. will post -1.09 EPS for the current fiscal year.

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.