Police & Firemen s Retirement System of New Jersey Acquires 4,101 Shares of Asana, Inc. $ASAN

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Asana, Inc. (NYSE:ASAN) by 23.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,438 shares of the company’s stock after acquiring an additional 4,101 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Asana were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ASAN. Bogart Wealth LLC bought a new position in Asana in the 2nd quarter worth $27,000. Banque Cantonale Vaudoise purchased a new stake in Asana in the first quarter worth about $28,000. AlphaQuest LLC increased its position in Asana by 825.1% in the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock worth $36,000 after buying an additional 2,203 shares in the last quarter. Quarry LP raised its stake in shares of Asana by 104.8% in the first quarter. Quarry LP now owns 2,906 shares of the company’s stock worth $42,000 after buying an additional 1,487 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Asana by 155.6% during 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 in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Trading Up 0.3%

Shares of ASAN opened at $12.45 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of -13.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. Asana, Inc. has a 1 year low of $11.58 and a 1 year high of $27.77. The company has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $14.36.

Asana (NYSE:ASAN) last released its earnings results 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%.Asana’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last 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. On average, equities analysts expect that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Asana news, Director Justin Rosenstein sold 13,701 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $14.95, for a total transaction of $204,829.95. Following the completion of the transaction, the director owned 1,068,846 shares of the company’s stock, valued at $15,979,247.70. This represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $14.38, for a total value of $911,318.12. Following the transaction, the chief financial officer owned 1,076,693 shares of the company’s stock, valued at approximately $15,482,845.34. The trade was a 5.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,427,928 shares of company stock worth $36,497,981 in the last 90 days. 61.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ASAN shares. Morgan Stanley boosted their price objective on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, September 4th. Robert W. Baird lifted their price target on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Wall Street Zen cut shares of Asana from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed 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 assigned a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.10.

Asana 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.