Asana, Inc. $ASAN Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC grew its position in shares of Asana, Inc. (NYSE:ASAN) by 108.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 888,160 shares of the company’s stock after buying an additional 461,858 shares during the period. Squarepoint Ops LLC’s holdings in Asana were worth $6,217,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. raised its position in shares of Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after acquiring an additional 5,002 shares in the last quarter. Performa Ltd US LLC boosted its holdings in Asana by 335.1% in the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after purchasing an additional 4,775 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Asana during the fourth quarter valued at $50,000. Summit Securities Group LLC bought a new stake in Asana during the first quarter valued at $53,000. Finally, Daiwa Securities Group Inc. raised its holdings 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 worth $59,000 after purchasing an additional 1,706 shares during the period. 26.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ASAN shares. Wall Street Zen downgraded shares of Asana from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research note on Wednesday, August 5th. Zacks Research cut shares of Asana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Citizens Jmp restated a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research note on Friday, September 4th. Finally, Morgan Stanley lowered their target price on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.95.

Insiders Place Their Bets

In other Asana news, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $75,777.48. Following the sale, the chief accounting officer owned 62,344 shares of the company’s stock, valued at $415,211.04. The trade was a 15.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Rogers sold 26,975 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $179,653.50. Following the transaction, the chief executive officer owned 1,905,780 shares of the company’s stock, valued at $12,692,494.80. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 119,959 shares of company stock valued at $809,325. Corporate insiders own 87.54% of the company’s stock.

Asana Stock Performance

Shares of ASAN opened at $8.80 on Friday. Asana, Inc. has a 1 year low of $5.38 and a 1 year high of $15.48. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -13.34 and a beta of 0.95. The firm has a fifty day moving average of $8.58 and a 200-day moving average of $7.41.

Asana (NYSE:ASAN) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $214.15 million. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Analysts predict that Asana, Inc. will post -0.53 EPS for the current year.

About Asana

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.