Asana, Inc. $ASAN Position Raised 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 lifted its stake in Asana, Inc. (NYSE:ASAN - Free Report) by 186.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 512,280 shares of the company's stock after purchasing an additional 333,165 shares during the quarter. AQR Capital Management LLC owned about 0.22% of Asana worth $7,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vident Advisory LLC acquired a new position in Asana in the 4th quarter worth approximately $460,000. Vanguard Group Inc. grew its stake 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 worth $155,261,000 after purchasing an additional 475,100 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Asana during the 1st quarter worth approximately $1,148,000. Charles Schwab Investment Management Inc. grew its stake 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 worth $10,815,000 after purchasing an additional 47,480 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Asana during the 4th quarter worth approximately $352,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ASAN. Scotiabank raised their price objective on shares of Asana from $12.00 to $16.50 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reissued an "underperform" rating and issued a $10.00 price target on shares of Asana in a research note on Wednesday, June 4th. Piper Sandler reissued an "overweight" rating and issued a $19.00 price target on shares of Asana in a research note on Thursday, September 4th. Finally, Jefferies Financial Group lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $16.10.

Insider Transactions at Asana

In other news, Director Dustin A. Moskovitz bought 122,470 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the completion of the purchase, the director owned 57,898,436 shares of the company's stock, valued at approximately $782,786,854.72. This represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 5,375,000 shares of company stock worth $75,920,894 and have sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is owned by company insiders.

Asana Trading Up 1.6%

ASAN traded up $0.22 on Tuesday, hitting $13.62. The company had a trading volume of 1,547,970 shares, compared to its average volume of 3,562,268. The firm has a market cap of $3.22 billion, a P/E ratio of -15.31 and a beta of 1.14. Asana, Inc. has a 1 year low of $11.08 and a 1 year high of $27.77. The company's fifty day moving average price is $14.20 and its 200 day moving average price is $15.03. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million during 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%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. As a group, equities analysts expect that Asana, Inc. will post -1.09 earnings per share for the current year.

Asana Profile

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.