Cwm LLC Sells 12,615 Shares of Asana, Inc. $ASAN

Cwm LLC reduced its position in Asana, Inc. (NYSE:ASAN) by 62.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,575 shares of the company’s stock after selling 12,615 shares during the period. Cwm LLC’s holdings in Asana were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ASAN. Acadian Asset Management LLC boosted its holdings in shares of Asana by 8,850.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after buying an additional 1,151,369 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Asana by 700.1% in the 1st quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock valued at $10,035,000 after buying an additional 602,638 shares in the last quarter. Nuveen LLC bought a new stake in shares of Asana in the 1st quarter valued at about $8,419,000. Vanguard Group Inc. boosted its holdings in shares of Asana by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after buying an additional 475,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Asana by 117.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock valued at $9,092,000 after buying an additional 336,641 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Asana news, Director Justin Rosenstein sold 1,199,560 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80. Following the completion of the transaction, the director directly owned 1,555,925 shares of the company’s stock, valued at approximately $23,696,737.75. This trade represents a 43.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dustin A. Moskovitz purchased 225,000 shares of Asana stock in a transaction on Wednesday, August 20th. The shares were acquired at an average cost of $13.62 per share, with a total value of $3,064,500.00. Following the completion of the transaction, the director directly owned 57,775,966 shares in the company, valued at $786,908,656.92. The trade was a 0.39% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 2,592,437 shares of company stock valued at $35,931,991 and have sold 2,427,928 shares valued at $36,497,981. Company insiders own 61.28% of the company’s stock.

Asana Stock Up 3.0%

ASAN stock opened at $14.09 on Friday. The firm has a 50 day moving average of $14.09 and a 200 day moving average of $14.76. The stock has a market capitalization of $3.33 billion, a PE ratio of -15.83 and a beta of 1.11. 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, Inc. has a 52 week low of $11.58 and a 52 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The business had revenue of $196.94 million for the quarter, compared to analysts’ expectations of $193.01 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. 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 year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASAN. Morgan Stanley raised their price target on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. Robert W. Baird raised their price target on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 target price on shares of Asana in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Asana currently has an average rating of “Hold” and a consensus target price of $16.10.

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.