Asana (NYSE:ASAN) COO Sells $1,101,065.71 in Stock

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 76,093 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71. Following the sale, the chief operating officer owned 764,178 shares in the company, valued at approximately $11,057,655.66. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Anne Raimondi also recently made the following trade(s):

• On Monday, December 22nd, Anne Raimondi sold 62,165 shares of Asana stock. The stock was sold at an average price of $14.31, for a total transaction of $889,581.15.
• On Thursday, December 18th, Anne Raimondi sold 22,198 shares of Asana stock. The shares were sold at an average price of $14.52, for a total transaction of $322,314.96.

Asana Price Performance

ASAN traded down $0.09 during midday trading on Monday, reaching $14.39. 3,998,332 shares of the company’s stock were exchanged, compared to its average volume of 4,282,087. Asana, Inc. has a 1-year low of $11.58 and a 1-year high of $24.50. The stock has a market capitalization of $3.41 billion, a PE ratio of -15.48 and a beta of 0.93. 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 business’s 50-day moving average price is $13.65 and its 200 day moving average price is $13.90.

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

Hedge Funds Weigh In On Asana

A number of hedge funds have recently added to or reduced their stakes in ASAN. FNY Investment Advisers LLC bought a new stake in Asana during the third quarter valued at $27,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Asana by 17.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after buying an additional 263,251 shares during the period. Sender Co & Partners Inc. acquired a new position in shares of Asana in the 3rd quarter valued at about $173,000. PharVision Advisers LLC raised its stake 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 bought a new position in Asana in the third quarter worth about $1,004,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Wall Street Analyst Weigh In

ASAN has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Robert W. Baird upped their target price on Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. BTIG Research started coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, KeyCorp upgraded shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Monday, December 15th. 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.32.

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.