Vanguard Group Inc. Raises Stake in Asana, Inc. $ASAN

Key Points

• Vanguard Group Inc. increased its stake in Asana, Inc. by 4.7%, acquiring an additional 475,100 shares, bringing its total ownership to 10,656,214 shares valued at approximately $155 million.
• Asana recently reported a quarterly revenue of $187.63 million, surpassing expectations, with a negative net margin of 31.38% and an EPS of $0.05, beating the consensus estimate.
• Insider activity is high, with Director Dustin A. Moskovitz purchasing 225,000 shares, increasing his ownership, while insiders have acquired a total of approximately 4.8 million shares over the last 90 days.

Vanguard Group Inc. lifted its stake in shares of Asana, Inc. (NYSE:ASAN - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,656,214 shares of the company's stock after buying an additional 475,100 shares during the period. Vanguard Group Inc. owned approximately 4.57% of Asana worth $155,261,000 at the end of the most recent quarter.

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

Asana Price Performance

ASAN traded down $0.12 during midday trading on Tuesday, hitting $14.03. 2,661,295 shares of the company traded hands, compared to its average volume of 3,612,287. The business has a 50 day simple moving average of $14.05 and a two-hundred day simple moving average of $15.82. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -14.03 and a beta of 1.14. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share for the quarter, topping 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 firm had revenue of $187.63 million during the quarter, compared to the consensus estimate of $185.40 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Asana

In other Asana news, Director Justin Rosenstein sold 966,576 shares of the firm's stock in a transaction on 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 transaction, the director owned 4,797,091 shares in the company, valued at approximately $72,148,248.64. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dustin A. Moskovitz bought 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, with a total value of $3,055,500.00. Following the acquisition, the chief executive officer directly owned 51,711,191 shares of the company's stock, valued at approximately $702,237,973.78. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, 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. 61.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ASAN. KeyCorp reissued a "sector weight" rating on shares of Asana in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their target price on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. UBS Group lifted their price target on Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Robert W. Baird boosted their price target on Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price objective on shares of Asana in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Asana currently has an average rating of "Hold" and an average target price of $15.97.

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.