Blue Trust Inc. Raises Stake in Asana, Inc. $ASAN

Blue Trust Inc. increased its stake in shares of Asana, Inc. (NYSE:ASAN) by 13.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,638 shares of the company’s stock after purchasing an additional 3,216 shares during the period. Blue Trust Inc.’s holdings in Asana were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Asana by 4.7% in the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock worth $155,261,000 after buying an additional 475,100 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Asana by 8,850.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock worth $16,950,000 after purchasing an additional 1,151,369 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Asana by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock worth $10,815,000 after buying an additional 47,480 shares in the last quarter. Woodline Partners LP raised its position in shares of Asana by 700.1% in the first quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock worth $10,035,000 after buying an additional 602,638 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Asana by 117.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock worth $9,092,000 after buying an additional 336,641 shares in the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Justin Rosenstein sold 1,199,560 shares of Asana stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total value of $18,269,298.80. Following the transaction, the director directly owned 1,555,925 shares of the company’s stock, valued at $23,696,737.75. The trade was a 43.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dustin A. Moskovitz bought 225,000 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of $14.91 per share, for a total transaction of $3,354,750.00. Following the completion of the purchase, the director owned 53,955,999 shares of the company’s stock, valued at $804,483,945.09. This trade represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,940,344 shares of company stock worth $55,794,185 and sold 4,915,849 shares worth $73,942,035. 61.28% of the stock is owned by insiders.

Analysts Set New Price Targets

ASAN has been the topic of several recent analyst reports. Morgan Stanley raised their price target on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. Robert W. Baird raised their target price on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and set a $19.00 price target on shares of Asana in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.10.

Asana Price Performance

Shares of NYSE:ASAN opened at $14.28 on Tuesday. The stock has a market cap of $3.37 billion, a PE ratio of -16.04 and a beta of 1.11. The company’s fifty day moving average is $13.98 and its 200 day moving average is $14.84. Asana, Inc. has a 52 week low of $11.58 and a 52 week high of $27.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN) last released its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million during the quarter, compared to analysts’ expectations of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

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.