Asana, Inc. $ASAN Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its holdings in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 117.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,994 shares of the company's stock after buying an additional 336,641 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.27% of Asana worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Asana during the 1st quarter worth about $28,000. AlphaQuest LLC lifted its position in Asana by 825.1% during the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock worth $36,000 after acquiring an additional 2,203 shares during the period. Quarry LP lifted its position in Asana by 104.8% during the 1st quarter. Quarry LP now owns 2,906 shares of the company's stock worth $42,000 after acquiring an additional 1,487 shares during the period. GAMMA Investing LLC lifted its position in Asana by 5,815.7% during the 1st quarter. GAMMA Investing LLC now owns 9,820 shares of the company's stock worth $1,430,000 after acquiring an additional 9,654 shares during the period. Finally, 180 Wealth Advisors LLC acquired a new stake in Asana during the 1st quarter worth about $146,000. Institutional investors and hedge funds own 26.21% of the company's stock.

Asana Price Performance

NYSE:ASAN traded down $0.56 during trading hours on Friday, hitting $13.24. 4,213,664 shares of the stock were exchanged, compared to its average volume of 4,300,618. Asana, Inc. has a 52-week low of $11.08 and a 52-week high of $27.77. The firm's fifty day moving average price is $14.22 and its 200 day moving average price is $15.10. 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 company has a market cap of $3.12 billion, a P/E ratio of -14.88 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) EPS 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 return on equity of 83.88% and a negative net margin of 27.50%.Asana'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 research analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp reissued a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. Jefferies Financial Group boosted their price objective on Asana from $15.00 to $17.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. Morgan Stanley boosted their price objective on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Thursday, September 4th. FBN Securities raised Asana to a "strong-buy" rating in a report on Wednesday, June 4th. Finally, JMP Securities restated a "market outperform" rating and issued a $22.00 price target on shares of Asana 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $16.10.

Insider Activity

In related news, Director Dustin A. Moskovitz purchased 122,470 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders purchased 5,375,000 shares of company stock valued at $75,920,894 and sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is owned by company insiders.

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.