Asana (NYSE:ASAN) COO Anne Raimondi Sells 22,198 Shares of Stock

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 22,198 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $14.52, for a total transaction of $322,314.96. Following the sale, the chief operating officer directly owned 840,271 shares in the company, valued at approximately $12,200,734.92. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Anne Raimondi also recently made the following trade(s):

• On Monday, December 22nd, Anne Raimondi sold 62,165 shares of Asana stock. The shares were sold at an average price of $14.31, for a total value of $889,581.15.
• On Friday, December 19th, Anne Raimondi sold 76,093 shares of Asana stock. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71.

Asana Stock Performance

Shares of ASAN stock opened at $14.39 on Tuesday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -15.48 and a beta of 0.93. Asana, Inc. has a 1-year low of $11.58 and a 1-year high of $24.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $13.90.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The firm had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. During the same period in the prior year, the business earned ($0.02) EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, sell-side analysts predict that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ASAN has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. DA Davidson decreased their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. BTIG Research started coverage on shares of Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird increased their price objective on Asana from $15.00 to $16.00 and gave the stock a “neutral” 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Asana has a consensus rating of “Hold” and an average target price of $16.32.

Institutional Trading of Asana

Several large investors have recently added to or reduced their stakes in ASAN. Landscape Capital Management L.L.C. bought a new stake in shares of Asana during the 1st quarter worth $1,148,000. Charles Schwab Investment Management Inc. raised its holdings in Asana by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock worth $10,815,000 after acquiring an additional 47,480 shares during the period. Acadian Asset Management LLC lifted its position in Asana by 8,850.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock worth $16,950,000 after acquiring an additional 1,151,369 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Asana by 146.6% during the first quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock valued at $1,727,000 after acquiring an additional 70,145 shares during the period. Finally, Nuveen LLC bought a new stake in Asana during the first quarter valued at about $8,419,000. 26.21% of the stock is owned by institutional investors.

About Asana

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.