Asana, Inc. $ASAN Position Trimmed by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Asana, Inc. (NYSE:ASAN) by 86.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,972 shares of the company’s stock after selling 118,475 shares during the period. Hsbc Holdings PLC’s holdings in Asana were worth $259,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ASAN. Algert Global LLC boosted its stake in Asana by 296.4% in the 1st quarter. Algert Global LLC now owns 425,925 shares of the company’s stock worth $6,206,000 after purchasing an additional 318,484 shares during the period. Russell Investments Group Ltd. boosted its stake in Asana by 146.6% in the 1st quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock worth $1,727,000 after purchasing an additional 70,145 shares during the period. Nuveen LLC acquired a new position in Asana in the 1st quarter worth approximately $8,419,000. Deutsche Bank AG boosted its stake in Asana by 2.6% in the 1st quarter. Deutsche Bank AG now owns 189,698 shares of the company’s stock worth $2,764,000 after purchasing an additional 4,855 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Asana by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock worth $10,815,000 after purchasing an additional 47,480 shares during the period. 26.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Asana in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Asana from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $10.00 target price on shares of Asana in a research report on Wednesday, June 4th. Piper Sandler reiterated an “overweight” rating and issued a $19.00 target price on shares of Asana in a research report on Thursday. Finally, FBN Securities upgraded shares of Asana to a “strong-buy” rating in a research report on Wednesday, June 4th. One investment 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 issued a Sell rating to the stock. According to MarketBeat, Asana presently has a consensus rating of “Hold” and an average price target of $16.10.

Insiders Place Their Bets

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

Asana Stock Up 3.2%

Asana stock opened at $14.68 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of -16.50 and a beta of 1.14. The firm’s fifty day simple moving average is $14.23 and its 200-day simple moving average is $15.45. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. Asana, Inc. has a 1-year low of $11.05 and a 1-year high of $27.77.

Asana (NYSE:ASAN) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The business had revenue of $196.94 million for the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.00%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

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.