VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Asana, Inc. $ASAN

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Asana, Inc. (NYSE:ASAN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 48,105 shares of the company’s stock, valued at approximately $649,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in shares of Asana during the 1st quarter valued at $1,148,000. Vanguard Group Inc. lifted its holdings in shares of Asana by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after acquiring an additional 475,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Asana by 6.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after acquiring an additional 47,480 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Asana by 8,850.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after acquiring an additional 1,151,369 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Asana by 146.6% during the 1st quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock valued at $1,727,000 after acquiring an additional 70,145 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Wall Street Analyst Weigh In

ASAN has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Friday. Morgan Stanley boosted their price objective on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, September 4th. Robert W. Baird boosted their price objective on shares of Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Wall Street Zen lowered shares of Asana from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Asana presently has an average rating of “Hold” and a consensus price target of $16.10.

Asana Stock Performance

Shares of ASAN stock opened at $14.58 on Friday. Asana, Inc. has a 12 month low of $11.58 and a 12 month high of $27.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $3.44 billion, a P/E ratio of -16.38 and a beta of 1.11. The company’s fifty day moving average price is $14.08 and its two-hundred day moving average price is $14.82.

Asana (NYSE:ASAN) last issued its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The company had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Activity at Asana

In other news, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the company’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 sale, the chief financial officer owned 1,076,693 shares in the company, valued at approximately $15,482,845.34. This represents a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Anne Raimondi sold 28,026 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $14.17, for a total transaction of $397,128.42. Following the completion of the sale, the chief operating officer owned 862,469 shares in the company, valued at approximately $12,221,185.73. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 3,042,437 shares of company stock worth $42,519,991 and have sold 2,931,862 shares worth $44,078,381. 61.28% of the stock is currently owned by corporate insiders.

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.