Invesco Ltd. Has $804,000 Holdings in Asana, Inc. $ASAN

Invesco Ltd. cut its stake in Asana, Inc. (NYSE:ASAN) by 85.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,148 shares of the company’s stock after selling 320,204 shares during the period. Invesco Ltd.’s holdings in Asana were worth $804,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vise Technologies Inc. raised its holdings in shares of Asana by 6.5% in the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock worth $320,000 after buying an additional 959 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Asana by 3.1% in the 1st quarter. SG Americas Securities LLC now owns 32,460 shares of the company’s stock worth $473,000 after buying an additional 974 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Asana in the 1st quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Asana by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company’s stock worth $937,000 after buying an additional 2,538 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Asana by 14.8% in the 1st quarter. Blue Trust Inc. now owns 23,422 shares of the company’s stock worth $341,000 after buying an additional 3,025 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Asana

In other news, Director Justin Rosenstein sold 966,576 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total value of $14,537,303.04. Following the transaction, the director directly owned 4,797,091 shares in the company, valued at $72,148,248.64. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dustin A. Moskovitz purchased 225,000 shares of Asana stock in a transaction dated Tuesday, July 1st. The stock was bought at an average price of $13.58 per share, for a total transaction of $3,055,500.00. Following the completion of the transaction, the chief executive officer directly owned 51,711,191 shares in the company, valued at $702,237,973.78. The trade was a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,375,000 shares of company stock worth $75,920,894 and sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is owned by company insiders.

Asana Stock Up 2.5%

Shares of ASAN opened at $14.27 on Thursday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -14.27 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. The business’s fifty day moving average price is $14.20 and its two-hundred day moving average price is $15.51. Asana, Inc. has a 52 week low of $11.05 and a 52 week high of $27.77.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm had revenue of $196.94 million during the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative net margin of 31.38% and a negative return on equity of 87.78%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, analysts predict that Asana, Inc. will post -1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of recent research reports. KeyCorp reissued a “sector weight” rating on shares of Asana in a report on Wednesday, June 4th. FBN Securities raised Asana to a “strong-buy” rating in a report on Wednesday, June 4th. Morgan Stanley dropped their price target on Asana from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, June 4th. Robert W. Baird raised their price target on Asana from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Finally, Jefferies Financial Group raised 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently 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.