Dustin A. Moskovitz Purchases 224,235 Shares of Asana (NYSE:ASAN) Stock

Key Points

• Dustin Moskovitz, a director at Asana, acquired 224,235 shares at an average price of $13.98 each, totaling around $3.13 million, increasing his total ownership to over 57 million shares.
• Asana's stock price fell 2.3% to $13.7950, with a market capitalization of $3.25 billion and a negative earnings per share (EPS) forecast of -1.09 for the current fiscal year.
• Research firms have varied price targets for Asana; Scotiabank raised its target to $16.50 while Morgan Stanley reduced it to $13.00, reflecting differing views on the company's performance and outlook.

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Dustin A. Moskovitz acquired 224,235 shares of the stock in a transaction on Friday, August 15th. The stock was bought at an average price of $13.98 per share, with a total value of $3,134,805.30. Following the transaction, the director directly owned 57,104,000 shares in the company, valued at approximately $798,313,920. This represents a 0.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Asana Price Performance

ASAN traded up $0.7550 during midday trading on Friday, hitting $14.4550. The company had a trading volume of 3,034,129 shares, compared to its average volume of 3,430,953. Asana, Inc. has a twelve month low of $11.05 and a twelve month high of $27.77. The firm's 50-day simple moving average is $14.00 and its 200-day simple moving average is $16.02. 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 company has a market capitalization of $3.40 billion, a PE ratio of -14.46 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 EPS 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 company had revenue of $187.63 million during the quarter, compared to analysts' expectations of $185.40 million. During the same quarter in the previous year, the company earned ($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 research analysts predict that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on ASAN. Bank of America decreased their price objective on shares of Asana from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Robert W. Baird increased their price objective on shares of Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. HSBC reissued a "reduce" rating and issued a $10.00 price objective (down from $13.00) on shares of Asana in a research report on Wednesday, June 4th. Scotiabank increased their price objective 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. Finally, Jefferies Financial Group increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.97.

Institutional Investors Weigh In On Asana

Large investors have recently bought and sold shares of the company. Vident Advisory LLC bought a new position in shares of Asana in the fourth quarter worth about $460,000. Ameriprise Financial Inc. bought a new position in Asana in the 4th quarter valued at approximately $352,000. Brooklyn FI LLC bought a new position in Asana in the 4th quarter valued at approximately $8,138,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Asana in the 1st quarter valued at approximately $285,000. Finally, Allianz Asset Management GmbH raised its holdings in 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 buying an additional 28,239 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

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.