Asana, Inc. $ASAN Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC significantly increased its stake in Asana, Inc. by 186.0%, holding approximately 512,280 shares valued at $7.37 million as of the latest SEC filing.
• Asana has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $16.10, reflecting diverse views on its stock performance.
• Insider transactions indicate confidence in the company, with notable purchases by Director Dustin A. Moskovitz, who acquired 122,470 shares at an average cost of $13.52.

AQR Capital Management LLC grew its stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 186.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 512,280 shares of the company's stock after buying an additional 333,165 shares during the quarter. AQR Capital Management LLC owned approximately 0.22% of Asana worth $7,367,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Two Sigma Investments LP raised its holdings in shares of Asana by 288.1% during the fourth 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 period. Nuveen LLC bought a new stake in Asana in the 1st quarter worth about $8,419,000. Vanguard Group Inc. grew 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. Voloridge Investment Management LLC grew its position in shares of Asana by 25.6% during the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company's stock valued at $43,574,000 after acquiring an additional 438,057 shares during the period. Finally, Brooklyn FI LLC bought a new position in shares of Asana during the 4th quarter valued at approximately $8,138,000. Institutional investors and hedge funds own 26.21% of the company's stock.

Insider Transactions at Asana

In related news, CEO Dustin A. Moskovitz purchased 225,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average cost of $13.58 per share, for a total transaction of $3,055,500.00. Following the completion of the acquisition, the chief executive officer owned 51,711,191 shares in the company, valued at approximately $702,237,973.78. This trade represents a 0.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Justin Rosenstein sold 966,576 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total transaction of $14,537,303.04. Following the completion of the sale, the director directly owned 4,797,091 shares of the company's stock, valued at approximately $72,148,248.64. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 5,375,000 shares of company stock worth $75,920,894 and sold 3,033,130 shares worth $45,552,218. Corporate insiders own 61.28% of the company's stock.

Asana Stock Performance

NYSE ASAN traded up $0.10 during trading hours on Wednesday, hitting $13.74. 3,113,862 shares of the company's stock traded hands, compared to its average volume of 4,369,454. The business's fifty day moving average price is $14.16 and its two-hundred day moving average price is $15.01. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.25 billion, a P/E ratio of -15.44 and a beta of 1.14. Asana, Inc. has a 52 week low of $11.08 and a 52 week high of $27.77.

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

Analyst Ratings Changes

Several research analysts recently commented on ASAN shares. Bank of America cut their price objective on shares of Asana from $23.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. KeyCorp reissued a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 target price on shares of Asana in a report on Wednesday, June 4th. Jefferies Financial Group raised their price target on shares of Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their price target on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Thursday, September 4th. One equities 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 given a Sell rating to the company's stock. Based on data from MarketBeat, Asana has a consensus rating of "Hold" and a consensus target price of $16.10.

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.