Charles Schwab Investment Management Inc. Raises Stock Position in Asana, Inc. $ASAN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Asana, Inc. by 6.8% during the 1st quarter, owning 742,272 shares valued at approximately $10.8 million.
• Major hedge funds have also acquired new positions in Asana, with institutional investors now owning 26.21% of the company's stock.
• Wall Street analysts have varying opinions on Asana, with an average rating of "Hold" and a consensus target price of $15.97.

Charles Schwab Investment Management Inc. raised its stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 742,272 shares of the company's stock after purchasing an additional 47,480 shares during the period. Charles Schwab Investment Management Inc. owned 0.32% of Asana worth $10,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Asana during the 1st quarter valued at about $28,000. Quarry LP bought a new position in shares of Asana during the 4th quarter valued at about $29,000. State of Tennessee Department of Treasury bought a new position in shares of Asana during the 4th quarter valued at about $135,000. 180 Wealth Advisors LLC bought a new position in shares of Asana during the 1st quarter valued at about $146,000. Finally, Blueshift Asset Management LLC bought a new position in shares of Asana during the 1st quarter valued at about $169,000. Institutional investors own 26.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ASAN shares. Scotiabank increased their price target on shares of Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Jefferies Financial Group raised their target price on shares of Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Asana in a research report on Wednesday, June 4th. Wall Street Zen lowered shares of Asana from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada reissued an "underperform" rating and set a $10.00 price objective on shares of Asana in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Asana currently has an average rating of "Hold" and a consensus target price of $15.97.

Insiders Place Their Bets

In other Asana news, Director Justin Rosenstein sold 966,576 shares of Asana stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $15.04, for a total value of $14,537,303.04. Following the completion of the transaction, the director owned 4,797,091 shares of the company's stock, valued at approximately $72,148,248.64. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dustin A. Moskovitz bought 225,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were bought at an average cost of $13.58 per share, with a total value of $3,055,500.00. Following the purchase, the chief executive officer directly owned 51,711,191 shares of the company's stock, valued at approximately $702,237,973.78. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 5,252,530 shares of company stock valued at $74,265,100 and sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is currently owned by insiders.

Asana Price Performance

Shares of ASAN opened at $14.4750 on Monday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -14.48 and a beta of 1.14. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $14.03 and a two-hundred day moving average of $15.89.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $187.63 million during the quarter, compared to the consensus estimate of $185.40 million. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($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. As a group, analysts predict 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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