Asana Sees Unusually Large Options Volume (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) was the target of unusually large options trading on Monday. Stock traders acquired 9,408 put options on the stock. This represents an increase of 81% compared to the average daily volume of 5,200 put options.

Asana Stock Up 0.2%

Shares of ASAN opened at $12.18 on Tuesday. The company has a market capitalization of $2.88 billion, a PE ratio of -13.69 and a beta of 1.05. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $14.42. Asana has a 52-week low of $11.58 and a 52-week high of $27.77.

Asana (NYSE:ASAN) last issued its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $193.01 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’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. As a group, equities analysts forecast that Asana will post -1.09 EPS for the current year.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 28,026 shares of Asana stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total transaction of $397,128.42. Following the completion of the sale, the chief operating officer directly owned 862,469 shares of the company’s stock, valued at $12,221,185.73. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Justin Rosenstein sold 13,701 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $14.95, for a total transaction of $204,829.95. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,427,928 shares of company stock worth $36,497,981 in the last 90 days. 61.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Asana

A number of institutional investors have recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of Asana in the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise acquired a new stake in shares of Asana during the first quarter worth about $28,000. Farther Finance Advisors LLC increased its position in Asana by 119.7% during the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after buying an additional 1,391 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Asana by 137.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after acquiring an additional 1,427 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of Asana by 825.1% in the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after buying an additional 2,203 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Wednesday, October 8th. 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. Robert W. Baird boosted their price target on Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Wall Street Zen lowered shares of Asana from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley raised their target price on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, September 4th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.10.

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.