EFG Asset Management North America Corp. Purchases Shares of 129,482 Asana, Inc. $ASAN

Key Points

• EFG Asset Management North America Corp. acquired 129,482 shares of Asana, Inc., valued at approximately $1.886 million, marking a 0.06% ownership stake as per their recent SEC filing.
• Asana reported a loss of $0.20 EPS for the last quarter, missing estimates, despite a 9.9% increase in revenue year-over-year, totaling $196.94 million.
• Analysts provide mixed reviews on Asana's stock, with price objectives ranging from $10.00 to $22.00, resulting in a consensus rating of "Hold" and an average price target of $16.10.

EFG Asset Management North America Corp. purchased a new stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 129,482 shares of the company's stock, valued at approximately $1,886,000. EFG Asset Management North America Corp. owned 0.06% of Asana at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ASAN. Northern Trust Corp raised its position in Asana by 2.3% during the fourth quarter. Northern Trust Corp now owns 811,316 shares of the company's stock valued at $16,445,000 after buying an additional 18,599 shares during the period. Algert Global LLC raised its position in Asana by 199.4% during the fourth quarter. Algert Global LLC now owns 107,441 shares of the company's stock valued at $2,178,000 after buying an additional 71,551 shares during the period. Ameriprise Financial Inc. acquired a new position in Asana during the fourth quarter valued at $352,000. BNP Paribas Financial Markets acquired a new position in Asana during the fourth quarter valued at $653,000. Finally, Balyasny Asset Management L.P. acquired a new position in Asana during the fourth quarter valued at $458,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Stock Down 2.9%

Shares of ASAN traded down $0.41 during trading hours on Wednesday, hitting $13.50. 1,740,321 shares of the company were exchanged, compared to its average volume of 3,559,342. The company has a market cap of $3.18 billion, a PE ratio of -15.20 and a beta of 1.14. The firm's 50 day moving average is $14.24 and its 200-day moving average is $15.22. Asana, Inc. has a 52 week low of $11.08 and a 52 week high of $27.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, equities research analysts forecast that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ASAN shares. Wall Street Zen raised Asana from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Scotiabank lifted their price objective on Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and set a $22.00 price objective on shares of Asana in a research report on Wednesday, June 4th. Morgan Stanley lifted their price objective on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a research report on Thursday, September 4th. Finally, Robert W. Baird lifted their price objective on Asana from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.10.

Insider Transactions at Asana

In other Asana news, CEO Dustin A. Moskovitz acquired 225,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were acquired at an average cost of $13.58 per share, for a total transaction of $3,055,500.00. Following the completion of the purchase, the chief executive officer owned 51,711,191 shares of the company's stock, valued at approximately $702,237,973.78. This trade represents a 0.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 966,576 shares of Asana stock in a transaction dated Tuesday, July 22nd. The stock was 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 in the company, valued at $72,148,248.64. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 5,375,000 shares of company stock worth $75,920,894 and sold 3,033,130 shares worth $45,552,218. Insiders own 61.28% of the company's stock.

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.