Dustin A. Moskovitz Acquires 122,470 Shares of Asana (NYSE:ASAN) 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 stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the completion of the acquisition, the director owned 57,898,436 shares of the company's stock, valued at approximately $782,786,854.72. This represents a 0.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Asana Price Performance

Shares of Asana stock traded up $0.06 on Friday, reaching $14.62. The stock had a trading volume of 3,419,585 shares, compared to its average volume of 3,420,444. Asana, Inc. has a 1 year low of $11.05 and a 1 year high of $27.77. The company has a market cap of $3.44 billion, a P/E 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. The business's 50 day moving average is $14.13 and its two-hundred day moving average is $15.70.

Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $185.40 million. During the same period in the prior year, the firm posted ($0.06) earnings per share. 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. As a group, research analysts anticipate that Asana, Inc. will post -1.09 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Asana from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group upped their price objective on shares of Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and issued a $22.00 price objective on shares of Asana in a research report on Wednesday, June 4th. Royal Bank Of Canada restated an "underperform" rating and issued a $10.00 price objective on shares of Asana in a research report on Wednesday, June 4th. Finally, Piper Sandler upped their price objective on shares of Asana from $17.00 to $19.00 and gave the stock 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 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 has a consensus rating of "Hold" and an average price target of $15.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASAN. Bogart Wealth LLC bought a new position in Asana during the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new position in Asana during the first quarter valued at approximately $28,000. Quarry LP bought a new position in Asana during the fourth quarter valued at approximately $29,000. AlphaQuest LLC boosted its stake in shares of Asana by 825.1% during the first quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock valued at $36,000 after purchasing an additional 2,203 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock valued at $59,000 after purchasing an additional 1,706 shares during the period. 26.21% of the stock is currently owned by institutional investors.

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.