Harbor Capital Advisors Inc. Buys 2,543 Shares of Asana, Inc. $ASAN

Harbor Capital Advisors Inc. lifted its stake in Asana, Inc. (NYSE:ASAN) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,622 shares of the company’s stock after purchasing an additional 2,543 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Asana were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of Asana in the 1st quarter worth approximately $28,000. AlphaQuest LLC lifted its position in Asana by 825.1% in the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after acquiring an additional 2,203 shares in the last quarter. Quarry LP lifted its position in Asana by 104.8% in the 1st quarter. Quarry LP now owns 2,906 shares of the company’s stock valued at $42,000 after acquiring an additional 1,487 shares in the last quarter. GAMMA Investing LLC lifted its position in Asana by 5,815.7% in the 1st quarter. GAMMA Investing LLC now owns 9,820 shares of the company’s stock valued at $1,430,000 after acquiring an additional 9,654 shares in the last quarter. Finally, 180 Wealth Advisors LLC bought a new position in Asana in the 1st quarter valued at approximately $146,000. 26.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ASAN. Scotiabank upped their price objective on Asana from $12.00 to $16.50 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. Morgan Stanley upped their price objective on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, September 4th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price objective on shares of Asana in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group boosted their target price on shares of Asana from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.10.

Insider Activity

In other Asana news, CEO Dustin A. Moskovitz purchased 225,000 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was purchased at an average price of $14.16 per share, with a total value of $3,186,000.00. Following the acquisition, the chief executive officer owned 52,610,408 shares in the company, valued at approximately $744,963,377.28. The trade was a 0.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Justin Rosenstein sold 966,576 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total transaction 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. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 5,375,000 shares of company stock valued at $75,920,894 and have sold 3,001,884 shares valued at $45,140,708. 61.28% of the stock is owned by corporate insiders.

Asana Price Performance

Shares of ASAN opened at $14.21 on Friday. The firm has a market cap of $3.36 billion, a PE ratio of -15.97 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $14.95. Asana, Inc. has a 1-year low of $11.08 and a 1-year high of $27.77.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company 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, equities analysts anticipate that Asana, Inc. will post -1.09 EPS for the current year.

Asana Company 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.