Asana, Inc. (NYSE:ASAN) Sees Large Drop in Short Interest

Asana, Inc. (NYSE:ASAN) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 13,963,921 shares, a drop of 18.3% from the November 30th total of 17,097,048 shares. Currently, 15.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,343,617 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 5,343,617 shares, the short-interest ratio is currently 2.6 days. Currently, 15.2% of the company’s stock are sold short.

Asana Stock Performance

Asana stock traded down $0.22 during mid-day trading on Thursday, hitting $13.68. 2,387,810 shares of the company’s stock traded hands, compared to its average volume of 3,690,298. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $13.88. Asana has a fifty-two week low of $11.58 and a fifty-two week high of $24.50. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -14.71 and a beta of 0.93.

Asana (NYSE:ASAN) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) earnings per share. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, research analysts expect that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In related news, Director Justin Rosenstein sold 1,199,560 shares of the firm’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80. Following the sale, the director directly owned 1,555,925 shares in the company, valued at $23,696,737.75. This trade represents a 43.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the completion of the transaction, the chief financial officer directly owned 993,037 shares of the company’s stock, valued at approximately $14,210,359.47. The trade was a 7.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,269,000 shares of company stock valued at $49,252,124. 61.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Asana

Institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Asana during the 3rd quarter worth $27,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Asana by 17.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after acquiring an additional 263,251 shares in the last quarter. Sender Co & Partners Inc. bought a new position in Asana during the third quarter worth about $173,000. PharVision Advisers LLC increased its position in Asana by 61.2% during the third quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock worth $218,000 after acquiring an additional 6,191 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Asana in the 3rd quarter worth about $1,004,000. 26.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of Asana from $12.00 to $14.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asana in a report on Monday. BTIG Research began coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. UBS Group cut their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Finally, Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.32.

Asana Company Profile

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.