Campbell & CO Investment Adviser LLC Purchases Shares of 76,033 Asana, Inc. $ASAN

Campbell & CO Investment Adviser LLC purchased a new position in shares of Asana, Inc. (NYSE:ASAN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 76,033 shares of the company’s stock, valued at approximately $1,026,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Asana by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock worth $155,261,000 after purchasing an additional 475,100 shares during the period. Acadian Asset Management LLC grew its stake in shares of Asana by 8,850.6% during the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after buying an additional 1,151,369 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 during the period. Woodline Partners LP lifted its stake in shares of Asana by 700.1% in the 1st quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock valued at $10,035,000 after acquiring an additional 602,638 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Asana by 117.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock valued at $9,092,000 after acquiring an additional 336,641 shares during the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Insider Buying and Selling at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $14.38, for a total transaction of $911,318.12. Following the completion of the transaction, the chief financial officer owned 1,076,693 shares of the company’s stock, valued at approximately $15,482,845.34. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anne Raimondi sold 28,026 shares of Asana stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $14.17, for a total transaction of $397,128.42. Following the transaction, the chief operating officer owned 862,469 shares of the company’s stock, valued at $12,221,185.73. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 1,018,671 shares of company stock valued at $14,106,329 and sold 2,427,928 shares valued at $36,497,981. 61.28% of the stock is currently owned by company insiders.

Asana Stock Down 3.0%

ASAN stock opened at $12.89 on Thursday. Asana, Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $27.77. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -14.48 and a beta of 1.05. The business’s 50 day moving average price is $13.93 and its two-hundred day moving average price is $14.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASAN. Robert W. Baird raised their price target on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Piper Sandler reissued an “overweight” rating and set a $19.00 price objective on shares of Asana in a research note on Thursday, September 4th. Morgan Stanley lifted their target price on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. Wall Street Zen lowered shares of Asana from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Asana presently has a consensus rating of “Hold” and an average price target of $16.10.

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.