Russell Investments Group Ltd. Has $1.73 Million Holdings in Asana, Inc. $ASAN

Key Points

• Russell Investments Group Ltd. increased its stake in Asana, Inc. by 146.6% during the first quarter, holding around 0.05% of the company, valued at approximately $1.7 million.
• Asana's CEO, Dustin A. Moskovitz, purchased 225,000 shares worth over $3 million, while director Justin Rosenstein sold 966,576 shares for approximately $14.5 million.
• The company reported a quarterly earnings per share (EPS) of $0.05, beating expectations, with a revenue increase of 8.6% year-over-year.

Russell Investments Group Ltd. grew its position in Asana, Inc. (NYSE:ASAN - Free Report) by 146.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,982 shares of the company's stock after purchasing an additional 70,145 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Asana worth $1,727,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ASAN. Vident Advisory LLC acquired a new position in Asana in the fourth quarter worth approximately $460,000. Vanguard Group Inc. grew its position in Asana by 4.7% in the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company's stock worth $155,261,000 after acquiring an additional 475,100 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Asana during the 4th quarter worth $352,000. Charles Schwab Investment Management Inc. raised its holdings 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 purchasing an additional 47,480 shares in the last quarter. Finally, Brooklyn FI LLC bought a new position in shares of Asana during the 4th quarter valued at $8,138,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dustin A. Moskovitz purchased 122,470 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were bought at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the transaction, the director directly owned 57,898,436 shares of the company's stock, valued at approximately $782,786,854.72. This trade represents a 0.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 5,375,000 shares of company stock valued at $75,920,894 and have sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASAN. Royal Bank Of Canada reissued an "underperform" rating and set a $10.00 target price on shares of Asana in a research report on Wednesday, June 4th. Piper Sandler increased 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. Robert W. Baird raised their price objective on Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. UBS Group boosted their target price on Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Bank of America lowered their price target on Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Asana has a consensus rating of "Hold" and an average price target of $15.97.

Asana Stock Performance

ASAN traded up $0.06 during midday trading on Monday, reaching $14.62. The company's stock had a trading volume of 3,419,585 shares, compared to its average volume of 3,396,980. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $14.16 and a 200 day simple moving average of $15.53. The stock has a market cap of $3.44 billion, a P/E ratio of -14.62 and a beta of 1.14. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $187.63 million during the quarter, compared to analysts' expectations of $185.40 million. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.Asana's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts expect that Asana, Inc. will post -1.09 earnings per share for the current year.

Asana Company 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.