Invesco Ltd. Has $804,000 Stock Position in Asana, Inc. $ASAN

Key Points

• Invesco Ltd. reduced its stake in Asana, Inc. by 85.3%, holding $804,000 worth of shares after selling 320,204 shares in the first quarter.
• Insider transactions reveal significant activity, with Director Justin Rosenstein selling 966,576 shares and CEO Dustin A. Moskovitz purchasing 225,000 shares recently.
• Asana's latest earnings report indicated a loss of ($0.20) EPS, missing estimates, despite a year-over-year revenue increase of 9.9%.

Invesco Ltd. trimmed its stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 85.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,148 shares of the company's stock after selling 320,204 shares during the quarter. Invesco Ltd.'s holdings in Asana were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vise Technologies Inc. raised its position in shares of Asana by 6.5% during the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company's stock worth $320,000 after buying an additional 959 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Asana by 3.1% during the 1st quarter. SG Americas Securities LLC now owns 32,460 shares of the company's stock worth $473,000 after buying an additional 974 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Asana in the 1st quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Asana by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company's stock worth $937,000 after purchasing an additional 2,538 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Asana by 14.8% in the 1st quarter. Blue Trust Inc. now owns 23,422 shares of the company's stock worth $341,000 after purchasing an additional 3,025 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors.

Asana Stock Down 8.2%

ASAN traded down $1.20 on Friday, reaching $13.44. 9,397,682 shares of the company traded hands, compared to its average volume of 4,148,384. The stock's 50 day moving average price is $14.23 and its 200-day moving average price is $15.33. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -15.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47.

Asana (NYSE:ASAN - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $196.94 million during the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative return on equity of 83.00% and a negative net margin of 27.50%.The business's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, sell-side analysts expect that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ASAN shares. KeyCorp reaffirmed a "sector weight" rating on shares of Asana in a research note on Wednesday, June 4th. Morgan Stanley lifted their price objective on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Thursday. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $10.00 price objective on shares of Asana in a research note on Wednesday, June 4th. FBN Securities raised shares of Asana to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, UBS Group boosted their price objective on shares of Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. One investment 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.10.

Insider Buying and Selling

In other Asana news, Director Dustin A. Moskovitz bought 122,470 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was bought at an average cost of $13.52 per share, with a total value of $1,655,794.40. Following the completion of the transaction, the director directly owned 57,898,436 shares of the company's stock, valued at approximately $782,786,854.72. The trade was a 0.21% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have purchased 5,375,000 shares of company stock valued at $75,920,894 and have sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is owned by corporate insiders.

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.