Asana (NYSE:ASAN) Director Purchases $1,655,794.40 in Stock

Key Points

• Dustin Moskovitz, a director at Asana, purchased 122,470 shares of the company stock at an average price of $13.52, totaling approximately $1.66 million.
• Asana's stock recently dropped 2.2%, trading at $14.15, with a fifty-two week range between $11.05 and $27.77.
• Analyst ratings for Asana vary, with one strong buy, four buy, seven hold, and four sell ratings, reflecting mixed sentiment among investors.

Asana, Inc. (NYSE:ASAN - Get Free Report) Director Dustin A. Moskovitz purchased 122,470 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were purchased at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the purchase, the director directly owned 57,898,436 shares of the company's stock, valued at $782,786,854.72. This trade represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Asana Trading Up 0.4%

Shares of ASAN traded up $0.06 during trading hours on Friday, hitting $14.62. 3,419,585 shares of the stock traded hands, compared to its average volume of 3,420,444. The business has a fifty day moving average of $14.13 and a 200-day moving average of $15.65. The firm has a market capitalization of $3.44 billion, a PE ratio of -14.62 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, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $187.63 million during the quarter, compared to the consensus estimate of $185.40 million. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. Analysts expect that Asana, Inc. will post -1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. HSBC restated a "reduce" rating and issued a $10.00 price target (down from $13.00) on shares of Asana in a report on Wednesday, June 4th. FBN Securities upgraded Asana to a "strong-buy" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Asana from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Jefferies Financial Group lifted their target price on Asana from $15.00 to $17.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler lifted their target price on Asana from $17.00 to $19.00 and gave the company an "overweight" 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 assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $15.97.

Hedge Funds Weigh In On Asana

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in Asana during the fourth quarter worth about $29,000. Banque Cantonale Vaudoise bought a new position in shares of Asana during the first quarter worth approximately $28,000. Bogart Wealth LLC bought a new position in shares of Asana during the second quarter worth approximately $27,000. AlphaQuest LLC increased its holdings in shares of Asana by 825.1% during the first quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock worth $36,000 after purchasing an additional 2,203 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock worth $59,000 after acquiring an additional 1,706 shares in the last quarter. Institutional investors own 26.21% of the company's stock.

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.