Asana (NYSE:ASAN) COO Anne Raimondi Sells 62,165 Shares

Asana, Inc. (NYSE:ASAN) COO Anne Raimondi sold 62,165 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the transaction, the chief operating officer directly owned 702,013 shares of the company’s stock, valued at approximately $10,045,806.03. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, December 19th, Anne Raimondi sold 76,093 shares of Asana stock. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71.
• On Thursday, December 18th, Anne Raimondi sold 22,198 shares of Asana stock. The stock was sold at an average price of $14.52, for a total value of $322,314.96.

Asana Price Performance

Asana stock opened at $14.39 on Tuesday. The company has a market cap of $3.41 billion, a P/E ratio of -15.48 and a beta of 0.93. Asana, Inc. has a one year low of $11.58 and a one year high of $24.50. The business has a fifty day moving average of $13.65 and a two-hundred day moving average of $13.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business had revenue of $201.03 million for the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the prior year, the company posted ($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. As a group, analysts predict that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASAN. Citigroup decreased their price target on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. BTIG Research assumed coverage on Asana in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Morgan Stanley lifted their price target on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Asana has an average rating of “Hold” and an average price target of $16.32.

Hedge Funds Weigh In On Asana

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Asana by 11.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,648,910 shares of the company’s stock valued at $62,109,000 after acquiring an additional 487,935 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Asana by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company’s stock valued at $29,080,000 after purchasing an additional 263,601 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Asana by 73.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock worth $27,256,000 after purchasing an additional 856,282 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Asana by 52.7% during the 3rd quarter. Marshall Wace LLP now owns 1,963,599 shares of the company’s stock worth $26,234,000 after purchasing an additional 678,016 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Asana by 17.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock worth $23,969,000 after buying an additional 263,251 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

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.