Rhumbline Advisers Purchases 3,739 Shares of Asana, Inc. $ASAN

Rhumbline Advisers increased its position in Asana, Inc. (NYSE:ASAN) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,556 shares of the company’s stock after purchasing an additional 3,739 shares during the quarter. Rhumbline Advisers owned approximately 0.05% of Asana worth $1,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Asana by 4.7% in the first quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock worth $155,261,000 after purchasing an additional 475,100 shares during the period. Voloridge Investment Management LLC lifted its position in Asana by 25.6% in the fourth quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock worth $43,574,000 after purchasing an additional 438,057 shares during the period. Two Sigma Investments LP lifted its position in Asana by 288.1% in the fourth quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company’s stock worth $28,481,000 after purchasing an additional 1,043,047 shares during the period. Acadian Asset Management LLC lifted its position in Asana by 8,850.6% in the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock worth $16,950,000 after purchasing an additional 1,151,369 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Asana by 70.3% during the fourth quarter. Two Sigma Advisers LP now owns 923,800 shares of the company’s stock worth $18,725,000 after acquiring an additional 381,400 shares in the last quarter. 26.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ASAN shares. Royal Bank Of Canada reiterated an “underperform” rating and set a $10.00 price objective on shares of Asana in a research note on Wednesday, June 4th. UBS Group increased their price objective on Asana from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Bank of America dropped their price objective on Asana from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, June 4th. KeyCorp reiterated a “sector weight” rating on shares of Asana in a research note on Wednesday, June 4th. Finally, Piper Sandler reiterated an “overweight” rating and set a $19.00 price objective on shares of Asana in a research note on Thursday, September 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 stock. Based on data from MarketBeat, Asana presently has a consensus rating of “Hold” and an average target price of $16.10.

Insider Buying and Selling

In related news, Director Justin Rosenstein sold 966,576 shares of the business’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 completion of the sale, the director directly owned 4,797,091 shares in the company, valued at $72,148,248.64. The trade was a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dustin A. Moskovitz purchased 225,000 shares of Asana stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of $13.58 per share, with a total value of $3,055,500.00. Following the completion of the purchase, the chief executive officer directly owned 51,711,191 shares in the company, valued at $702,237,973.78. This trade represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, 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 insiders.

Asana Stock Up 0.7%

Shares of Asana stock opened at $13.74 on Thursday. The business’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $15.01. Asana, Inc. has a 52-week low of $11.08 and a 52-week high of $27.77. The firm has a market cap of $3.25 billion, a PE ratio of -15.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41.

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 the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million for the quarter, compared to analyst estimates of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned ($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. On average, analysts predict that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

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.