Asana, Inc. $ASAN Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly cut its holdings in Asana, Inc. by 71.5%, selling 401,640 shares in the first quarter, leaving it with only 160,323 shares valued at approximately $2.3 million.
• Several institutional investors increased their stakes in Asana, with GAMMA Investing LLC notably upping its position by 5,815.7%, now owning 9,820 shares worth $1.43 million.
• Asana's recent earnings report indicated a loss of ($0.20) EPS, missing expectations, despite a revenue increase of 9.9% compared to the previous year, amounting to $196.94 million.

Trexquant Investment LP decreased its holdings in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 71.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,323 shares of the company's stock after selling 401,640 shares during the period. Trexquant Investment LP owned approximately 0.07% of Asana worth $2,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Asana during the 1st quarter worth approximately $28,000. AlphaQuest LLC increased 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 purchasing an additional 2,203 shares during the period. GAMMA Investing LLC increased 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 purchasing an additional 9,654 shares during the period. 180 Wealth Advisors LLC acquired a new position in Asana during the 1st quarter worth approximately $146,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Asana during the 4th quarter worth approximately $215,000. Institutional investors and hedge funds own 26.21% of the company's stock.

Insider Transactions at Asana

In related news, Director Dustin A. Moskovitz bought 122,470 shares of Asana stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average price of $13.52 per share, with a total value of $1,655,794.40. Following the purchase, the director owned 57,898,436 shares in the company, valued at $782,786,854.72. This represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 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. Insiders own 61.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price target on Asana from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Piper Sandler boosted their price target on Asana from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Wall Street Zen lowered Asana from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Scotiabank boosted 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. Finally, UBS Group boosted their price target on Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.97.

Asana Price Performance

ASAN stock opened at $14.27 on Thursday. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The stock's 50 day moving average price is $14.20 and its 200 day moving average price is $15.51. The firm has a market cap of $3.36 billion, a P/E ratio of -14.27 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The company had revenue of $196.94 million during the quarter, compared to analysts' expectations of $193.01 million. During the same period in the previous year, the company posted ($0.05) EPS. Asana's quarterly revenue was up 9.9% compared to the same quarter last year. 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 expect that Asana, Inc. will post -1.09 earnings per share for the current fiscal 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.

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