Vident Advisory LLC Has $362,000 Stake in Asana, Inc. $ASAN

Vident Advisory LLC increased its holdings in shares of Asana, Inc. (NYSE:ASAN) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,852 shares of the company’s stock after acquiring an additional 2,168 shares during the period. Vident Advisory LLC’s holdings in Asana were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Northern Trust Corp lifted its holdings in Asana by 2.3% during the 4th quarter. Northern Trust Corp now owns 811,316 shares of the company’s stock valued at $16,445,000 after purchasing an additional 18,599 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Asana during the 4th quarter valued at about $352,000. BNP Paribas Financial Markets bought a new position in Asana during the 4th quarter valued at about $653,000. Balyasny Asset Management L.P. bought a new position in Asana during the 4th quarter valued at about $458,000. Finally, Deutsche Bank AG lifted its holdings in Asana by 30.4% during the 4th quarter. Deutsche Bank AG now owns 184,843 shares of the company’s stock valued at $3,747,000 after purchasing an additional 43,053 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ASAN shares. Bank of America cut their price target on shares of Asana from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, June 4th. HSBC reissued 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. Scotiabank boosted their target price on shares of Asana from $12.00 to $16.50 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. FBN Securities raised shares of Asana to a “strong-buy” rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note 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 given a Sell rating to the company. According to MarketBeat.com, Asana has an average rating of “Hold” and a consensus price target of $16.10.

Asana Trading Up 2.1%

ASAN opened at $13.74 on Tuesday. 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 company has a market cap of $3.23 billion, a price-to-earnings ratio of -15.44 and a beta of 1.14. The firm has a 50 day simple moving average of $14.24 and a 200 day simple moving average of $15.23. Asana, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $27.77.

Asana (NYSE:ASAN) last posted 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 return on equity of 83.88% and a negative net margin of 27.50%.The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned ($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, sell-side analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Asana

In other Asana news, Director Dustin A. Moskovitz purchased 122,470 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average cost of $13.52 per share, with a total value of $1,655,794.40. Following the completion of the purchase, the director directly owned 57,898,436 shares in the company, valued at approximately $782,786,854.72. This represents a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have purchased 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 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.