Deutsche Bank AG Acquires 4,855 Shares of Asana, Inc. $ASAN

Deutsche Bank AG boosted its holdings in shares of Asana, Inc. (NYSE:ASAN) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,698 shares of the company’s stock after purchasing an additional 4,855 shares during the period. Deutsche Bank AG owned about 0.08% of Asana worth $2,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vident Advisory LLC bought a new position in shares of Asana in the 4th quarter valued at $460,000. Ameriprise Financial Inc. acquired a new stake in Asana in the fourth quarter valued at $352,000. Brooklyn FI LLC acquired a new stake in Asana in the fourth quarter valued at $8,138,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Asana in the first quarter valued at $285,000. Finally, Allianz Asset Management GmbH increased its holdings in Asana by 187.6% in the first quarter. Allianz Asset Management GmbH now owns 43,290 shares of the company’s stock valued at $638,000 after purchasing an additional 28,239 shares during the period. 26.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Dustin A. Moskovitz purchased 225,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $14.12 per share, with a total value of $3,177,000.00. Following the completion of the purchase, the director directly owned 57,329,000 shares in the company, valued at approximately $809,485,480. This trade represents a 0.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 4,805,564 shares of company stock worth $68,126,371 and have sold 3,033,130 shares worth $45,552,218. Corporate insiders own 61.28% of the company’s stock.

Asana Price Performance

ASAN stock opened at $13.7950 on Wednesday. The company has a market capitalization of $3.25 billion, a P/E ratio of -13.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. Asana, Inc. has a 52-week low of $11.05 and a 52-week high of $27.77. The business has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $16.09.

Asana (NYSE:ASAN) last posted its earnings results on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The firm had revenue of $187.63 million for the quarter, compared to analysts’ expectations of $185.40 million. During the same quarter last year, the firm earned ($0.06) EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. Research analysts expect that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ASAN shares. Morgan Stanley decreased their price objective on Asana from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, June 4th. Wall Street Zen downgraded Asana from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. HSBC reiterated a “reduce” rating and set a $10.00 price target (down from $13.00) on shares of Asana in a report on Wednesday, June 4th. FBN Securities upgraded Asana to a “strong-buy” rating in a report on Wednesday, June 4th. Finally, Scotiabank increased their price objective on shares of Asana from $12.00 to $16.50 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Asana currently has a consensus rating of “Hold” and a consensus price target of $15.97.

Asana Company 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.