Asana (NYSE:ASAN) CEO Daniel Mark Rogers Sells 19,676 Shares of Company Stock

Asana, Inc. (NYSE:ASAN) CEO Daniel Rogers sold 19,676 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $11.52, for a total transaction of $226,667.52. Following the completion of the transaction, the chief executive officer directly owned 1,437,022 shares of the company’s stock, valued at approximately $16,554,493.44. This represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

• On Friday, October 9th, Daniel Rogers sold 18,021 shares of Asana stock. The stock was sold at an average price of $10.04, for a total transaction of $180,930.84.
• On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The stock was sold at an average price of $9.13, for a total transaction of $1,371,097.75.
• On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The stock was sold at an average price of $9.53, for a total transaction of $2,867,929.61.
• On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The shares were sold at an average price of $10.00, for a total value of $16,550.00.

Asana Stock Up 4.9%

Shares of Asana stock opened at $12.06 on Friday. Asana, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $15.28. The business’s fifty day moving average is $9.57 and its two-hundred day moving average is $8.00. The firm has a market cap of $2.76 billion, a PE ratio of -18.28 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

ASAN has been the subject of several recent analyst reports. Barclays cut Asana to an “outperform” rating in a report on Monday, August 24th. Piper Sandler increased their price objective on shares of Asana from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. UBS Group reiterated a “neutral” rating on shares of Asana in a report on Friday, October 16th. Royal Bank Of Canada raised their target price on shares of Asana from $8.00 to $9.50 and gave the stock a “sector perform” rating in a research report on Friday, September 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.95.

Institutional Trading of Asana

Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Asana by 801.8% in the third quarter. Sterling Capital Management LLC now owns 3,084 shares of the company’s stock valued at $26,000 after acquiring an additional 2,742 shares during the last quarter. Optiver Holding B.V. grew its position in Asana by 2,008.8% during the first 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 during the period. Performa Ltd US LLC grew its position in Asana by 335.1% during the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after acquiring an additional 4,775 shares during the period. Summit Securities Group LLC acquired a new stake in Asana during the first quarter worth about $53,000. Finally, State of Alaska Department of Revenue acquired a new stake in Asana during the third quarter worth about $69,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Company Profile

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks and ongoing business processes. Its platform is designed to provide teams with a shared view of work, responsibilities, deadlines and progress across departments and functions.

Asana’s products include tools for project and task management, workflow coordination, goals, portfolios, reporting and team collaboration. The platform also incorporates automation and artificial intelligence features intended to help users organize work, streamline recurring processes and gain visibility into organizational priorities.

The company was founded in 2008 by Dustin Moskovitz, a co-founder of Facebook, and Justin Rosenstein, a former Facebook and Google executive.