Ieq Capital LLC Acquires New Position in Asana, Inc. $ASAN

Key Points

• Ieq Capital LLC purchased a new stake of 40,645 shares in Asana, Inc. during the first quarter, valued at approximately $592,000.
• Director Justin Rosenstein sold 966,576 shares of Asana, reducing his position by 16.77%, while CEO Dustin A. Moskovitz increased his holdings by acquiring 225,000 shares.
• Asana's stock has had a volatile year, with a 12-month low of $11.05 and a high of $27.77, and analysts have given it an average rating of "Hold" with a price target of $15.97.

Ieq Capital LLC bought a new stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,645 shares of the company's stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. lifted its position in Asana by 6.5% during the fourth quarter. Vise Technologies Inc. now owns 15,809 shares of the company's stock valued at $320,000 after acquiring an additional 959 shares during the last quarter. SG Americas Securities LLC increased its stake in Asana by 3.1% during the 1st quarter. SG Americas Securities LLC now owns 32,460 shares of the company's stock valued at $473,000 after purchasing an additional 974 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Asana during the 1st quarter valued at approximately $28,000. AlphaQuest LLC increased its stake in Asana by 825.1% during the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock valued at $36,000 after purchasing an additional 2,203 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Asana by 5.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company's stock valued at $937,000 after purchasing an additional 2,538 shares in the last quarter. Hedge funds and other institutional investors own 26.21% of the company's stock.

Asana Trading Down 8.2%

ASAN stock traded down $1.20 during trading on Friday, reaching $13.44. 9,397,682 shares of the stock were exchanged, compared to its average volume of 4,148,384. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $14.23 and a 200-day moving average price of $15.33. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of -15.10 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative net margin of 27.50% and a negative return on equity of 83.00%. The company had revenue of $196.94 million for the quarter, compared to analyst estimates of $193.01 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Asana's 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. On average, research analysts predict that Asana, Inc. will post -1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ASAN. UBS Group increased their price objective on shares of Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Scotiabank raised their price target on shares of Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Bank of America dropped their price target on shares of Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. Jefferies Financial Group raised 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. Finally, Wall Street Zen upgraded shares of Asana from a "hold" rating to a "buy" rating in a research report on Friday. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $16.10.

Insider Buying and Selling at Asana

In related news, Director Dustin A. Moskovitz purchased 122,470 shares of the company's stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the completion of the transaction, the director directly owned 57,898,436 shares in the company, valued at approximately $782,786,854.72. The trade was a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have bought 5,375,000 shares of company stock worth $75,920,894 and have sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is currently owned by corporate insiders.

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.