Asana, Inc. $ASAN Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its position in Asana, Inc. (NYSE:ASAN) by 57.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,455 shares of the company’s stock after selling 24,835 shares during the period. Allianz Asset Management GmbH’s holdings in Asana were worth $249,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ASAN. Acadian Asset Management LLC grew its position in shares of Asana by 8,850.6% in the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after purchasing an additional 1,151,369 shares during the period. Woodline Partners LP boosted its position in Asana by 700.1% during the first quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock worth $10,035,000 after acquiring an additional 602,638 shares during the last quarter. Nuveen LLC purchased a new position in Asana during the first quarter worth about $8,419,000. Vanguard Group Inc. raised its stake in Asana by 4.7% during 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. Finally, Jacobs Levy Equity Management Inc. raised its stake in Asana by 117.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock worth $9,092,000 after purchasing an additional 336,641 shares during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.

Asana Stock Performance

NYSE:ASAN opened at $14.29 on Wednesday. The stock has a market cap of $3.38 billion, a PE ratio of -16.06 and a beta of 1.11. Asana, Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $27.77. The firm’s fifty day simple moving average is $14.10 and its 200-day simple moving average is $14.80. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN) last issued 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). Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The business had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. During the same period in the previous year, the company posted ($0.05) earnings per share. Asana’s revenue was up 9.9% on a year-over-year basis. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Analysts expect that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a report on Sunday. Morgan Stanley boosted their price target on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, September 4th. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of Asana in a report on Thursday, September 4th. Robert W. Baird boosted their price target on shares of Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.10.

Insider Activity at Asana

In other news, Director Justin Rosenstein sold 13,701 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $14.95, for a total transaction of $204,829.95. Following the completion of the sale, the director owned 1,068,846 shares of the company’s stock, valued at approximately $15,979,247.70. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 63,374 shares of Asana stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $14.38, for a total transaction of $911,318.12. Following the completion of the transaction, the chief financial officer directly owned 1,076,693 shares of the company’s stock, valued at approximately $15,482,845.34. This represents a 5.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 2,817,437 shares of company stock worth $39,090,991 and sold 2,427,928 shares worth $36,497,981. 61.28% of the stock is currently owned by corporate insiders.

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.