Asana, Inc. $ASAN Shares Bought by Neo Ivy Capital Management

Neo Ivy Capital Management grew its holdings in Asana, Inc. (NYSE:ASAN) by 275.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 86,312 shares of the company’s stock after acquiring an additional 63,310 shares during the quarter. Neo Ivy Capital Management’s holdings in Asana were worth $1,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASAN. Bogart Wealth LLC purchased a new stake in Asana during the 2nd quarter valued at approximately $27,000. Banque Cantonale Vaudoise acquired a new position in shares of Asana in the first quarter valued at approximately $28,000. AlphaQuest LLC raised 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 worth $36,000 after purchasing an additional 2,203 shares during the last quarter. Quarry LP lifted its holdings in shares of Asana by 104.8% during the first quarter. Quarry LP now owns 2,906 shares of the company’s stock worth $42,000 after purchasing an additional 1,487 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in Asana by 155.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,132 shares of the company’s stock valued at $110,000 after buying an additional 4,950 shares during the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Insider Transactions at Asana

In related news, COO Anne Raimondi sold 28,026 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total value of $397,128.42. Following the sale, the chief operating officer owned 862,469 shares in the company, valued at $12,221,185.73. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $911,318.12. Following the completion of the transaction, the chief financial officer directly owned 1,076,693 shares of the company’s stock, valued at $15,482,845.34. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,427,928 shares of company stock valued at $36,497,981 in the last quarter. 61.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ASAN. Morgan Stanley boosted their price objective on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, September 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 target price on shares of Asana in a report on Thursday, September 4th. Wall Street Zen cut shares of Asana from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their target price on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.10.

Asana Stock Performance

Shares of ASAN opened at $11.93 on Friday. 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, Inc. has a 52-week low of $11.58 and a 52-week high of $27.77. The company has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $14.51. The company has a market capitalization of $2.82 billion, a PE ratio of -13.40 and a beta of 1.05.

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

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.