EntryPoint Capital LLC Makes New Investment in Asana, Inc. $ASAN

Key Points

• EntryPoint Capital LLC has made a significant investment in Asana, acquiring 44,441 shares valued at approximately $648,000.
• Insider transactions include Director Justin Rosenstein selling over 966,000 shares while CEO Dustin A. Moskovitz purchased 225,000 shares, reflecting varied confidence among company executives.
• Asana reported Q1 earnings** of $0.05 per share, exceeding estimates, and has a current market cap of $3.25 billion with stock performance showing volatility, ranging between a $11.05 low and a $27.77 high over the past year.

EntryPoint Capital LLC acquired a new position in Asana, Inc. (NYSE:ASAN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,441 shares of the company's stock, valued at approximately $648,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vident Advisory LLC acquired a new stake in Asana in the fourth quarter valued at $460,000. Ameriprise Financial Inc. purchased a new position in shares of Asana during the fourth quarter worth about $352,000. Brooklyn FI LLC purchased a new stake in Asana in the 4th quarter valued at approximately $8,138,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Asana in the 1st quarter valued at approximately $285,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Asana by 187.6% during the 1st quarter. Allianz Asset Management GmbH now owns 43,290 shares of the company's stock worth $638,000 after acquiring an additional 28,239 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASAN. Piper Sandler upped their target price on Asana from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. HSBC reiterated a "reduce" rating and issued a $10.00 price target (down from $13.00) on shares of Asana in a report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Asana in a research note on Wednesday, June 4th. Robert W. Baird raised their target price on Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Jefferies Financial Group increased their price target 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. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Asana presently has a consensus rating of "Hold" and a consensus price target of $15.97.

Insider Transactions at Asana

In other Asana news, Director Dustin A. Moskovitz acquired 225,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average cost of $13.62 per share, for a total transaction of $3,064,500.00. Following the completion of the acquisition, the director owned 57,775,966 shares of the company's stock, valued at approximately $786,908,656.92. This trade represents a 0.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have acquired 5,252,530 shares of company stock valued at $74,265,100 and have sold 3,033,130 shares valued at $45,552,218. Corporate insiders own 61.28% of the company's stock.

Asana Trading Up 5.7%

Asana stock traded up $0.7750 during midday trading on Friday, reaching $14.4750. The stock had a trading volume of 4,355,451 shares, compared to its average volume of 3,527,909. The firm's fifty day simple moving average is $14.03 and its two-hundred day simple moving average is $15.97. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -14.48 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The business had revenue of $187.63 million for the quarter, compared to analysts' expectations of $185.40 million. During the same period in the previous year, the company posted ($0.06) EPS. Asana's revenue was up 8.6% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. Equities analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

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.