Vanguard Group Inc. Acquires 475,100 Shares of Asana, Inc. $ASAN

Vanguard Group Inc. grew its holdings in Asana, Inc. (NYSE:ASAN) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,656,214 shares of the company’s stock after purchasing an additional 475,100 shares during the period. Vanguard Group Inc. owned about 4.57% of Asana worth $155,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vident Advisory LLC bought a new stake in shares of Asana in the 4th quarter worth $460,000. Ameriprise Financial Inc. bought a new position in shares of Asana during the 4th quarter valued at $352,000. Brooklyn FI LLC bought a new position in shares of Asana during the 4th quarter valued at $8,138,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Asana during the 1st quarter valued at $285,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Asana by 187.6% during the 1st quarter. Allianz Asset Management GmbH now owns 43,290 shares of the company’s stock valued at $638,000 after buying an additional 28,239 shares during the period. Institutional investors own 26.21% of the company’s stock.

Asana Stock Down 0.8%

Shares of ASAN stock opened at $13.6880 on Thursday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -13.69 and a beta of 1.14. Asana, Inc. has a one year low of $11.05 and a one year high of $27.77. The company’s fifty day moving average price is $14.00 and its 200-day moving average price is $16.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47.

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

Insider Activity at Asana

In other news, Director Dustin A. Moskovitz acquired 225,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $14.12 per share, for a total transaction of $3,177,000.00. Following the transaction, the director directly owned 57,329,000 shares of the company’s stock, valued at approximately $809,485,480. This trade represents a 0.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 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. 61.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ASAN. FBN Securities raised Asana to a “strong-buy” rating in a report on Wednesday, June 4th. Royal Bank Of Canada reissued an “underperform” rating and set a $10.00 price target on shares of Asana in a report on Wednesday, June 4th. Morgan Stanley lowered their price target on Asana from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, June 4th. Jefferies Financial Group increased their price target on Asana from $15.00 to $17.00 and gave the company a “hold” rating in a report on Wednesday, June 4th. Finally, Bank of America cut their price objective on shares of Asana from $23.00 to $21.00 and set a “buy” rating for the company 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 issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.97.

About Asana

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.