Graham Capital Management L.P. Takes Position in Asana, Inc. $ASAN

Key Points

• Graham Capital Management L.P. invested approximately $3.25 million in Asana, Inc. by acquiring 223,359 shares, representing about 0.10% of the company's stock.
• Asana reported $0.05 earnings per share (EPS) for the latest quarter, exceeding the consensus estimate of $0.02 and showing an 8.6% increase in revenue year-over-year.
• Analyst ratings for Asana vary, with a consensus rating of "Hold" and an average price target of $15.97 per share, revealing mixed expectations in the market.

Graham Capital Management L.P. acquired a new position in Asana, Inc. (NYSE:ASAN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 223,359 shares of the company's stock, valued at approximately $3,254,000. Graham Capital Management L.P. owned approximately 0.10% of Asana as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Asana by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company's stock valued at $155,261,000 after buying an additional 475,100 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Asana by 25.6% during the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company's stock valued at $43,574,000 after purchasing an additional 438,057 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Asana by 288.1% during the 4th quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company's stock valued at $28,481,000 after purchasing an additional 1,043,047 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Asana by 70.3% during the 4th quarter. Two Sigma Advisers LP now owns 923,800 shares of the company's stock valued at $18,725,000 after purchasing an additional 381,400 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Asana by 2.3% in the 4th quarter. Northern Trust Corp now owns 811,316 shares of the company's stock worth $16,445,000 after acquiring an additional 18,599 shares during the last quarter. 26.21% of the stock is owned by institutional investors.

Insider Activity at Asana

In related news, CEO Dustin A. Moskovitz acquired 225,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average cost of $13.58 per share, with a total value of $3,055,500.00. Following the transaction, the chief executive officer directly owned 51,711,191 shares of the company's stock, valued at $702,237,973.78. This trade represents a 0.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 966,576 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total transaction of $14,537,303.04. Following the transaction, the director directly owned 4,797,091 shares of the company's stock, valued at $72,148,248.64. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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. Company insiders own 61.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank raised their target price on shares of Asana from $12.00 to $16.50 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Jefferies Financial Group lifted their price target on shares of Asana from $15.00 to $17.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. Finally, FBN Securities upgraded shares of Asana to a "strong-buy" rating 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 issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Asana currently has an average rating of "Hold" and a consensus price target of $15.97.

Asana Trading Up 2.5%

ASAN stock traded up $0.35 during mid-day trading on Wednesday, reaching $14.27. 8,840,785 shares of the stock traded hands, compared to its average volume of 3,269,232. The business has a 50-day moving average price of $14.20 and a two-hundred day moving average price of $15.51. 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 has a market capitalization of $3.36 billion, a PE ratio of -14.27 and a beta of 1.14. Asana, Inc. has a one year low of $11.05 and a one year high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Asana's quarterly revenue was up 9.9% on a year-over-year basis. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Equities research analysts expect that Asana, Inc. will post -1.09 EPS for the current year.

Asana Company 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.