Sonalee Elizabeth Parekh Sells 83,656 Shares of Asana (NYSE:ASAN) Stock

Asana, Inc. (NYSE:ASAN) CFO Sonalee Elizabeth Parekh sold 83,656 shares of the business’s 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 $1,197,117.36. Following the transaction, the chief financial officer directly owned 993,037 shares in the company, valued at $14,210,359.47. The trade was a 7.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sonalee Elizabeth Parekh also recently made the following trade(s):

• On Tuesday, December 23rd, Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock. The shares were sold at an average price of $13.54, for a total value of $336,983.52.

Asana Trading Up 0.8%

ASAN stock opened at $13.62 on Thursday. Asana, Inc. has a one year low of $11.58 and a one year high of $24.50. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -14.64 and a beta of 0.93. The company has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $13.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN) last posted its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. Asana’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Equities analysts anticipate that Asana, Inc. will post -1.09 EPS for the current year.

Key Stores Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results & guidance: Asana beat December-quarter revenue and EPS estimates and issued FY/Q4 guidance that points toward continued margin progress — supportive for the company’s path to profitability and a near-term constructive data point for the stock. MarketBeat ASAN page
• Positive Sentiment: Short interest dropped materially in December — short interest fell ~18.3% to ~13.96M shares (≈15.2% of float) with a days-to-cover of ~2.6 — reducing a portion of bearish positioning and the potential for short-driven volatility. (Data reported 12/15)
• Neutral Sentiment: Institutional buying: Several funds materially increased stakes in 2025 (Arrowstreet, Acadian, Marshall Wace, Woodline, Nuveen). This signals long-term investor interest but does not immediately counteract short-term insider selling. MarketBeat ASAN page
• Negative Sentiment: Significant insider selling — CFO: Sonalee Parekh sold 108,544 shares across recent trades (83,656 on Dec. 22 at $14.31; 24,888 on Dec. 23 at $13.54), reducing her stake and raising investor concern about near-term insiders’ views. SEC Form 4 (Parekh)
• Negative Sentiment: Significant insider selling — COO: Anne Raimondi sold ~160,456 shares in multiple transactions (~Dec. 18–22 at ~$14.3–$14.5), a material liquidation that increases selling pressure and feeds negative headlines. SEC Form 4 (Raimondi)
• Negative Sentiment: Media coverage highlighting the selling and price weakness — several outlets flagged the insider sales and described the stock as “nosediving,” which can amplify short-term investor fear and drive further outflows. MSN: Why ASAN Stock Is Nosediving

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASAN. Charles Schwab Investment Management Inc. grew its stake in Asana by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock worth $10,815,000 after buying an additional 47,480 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Asana by 146.6% during the 1st quarter. Russell Investments Group Ltd. now owns 117,982 shares of the company’s stock worth $1,727,000 after acquiring an additional 70,145 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Asana by 825.1% during the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock worth $36,000 after acquiring an additional 2,203 shares in the last quarter. Ieq Capital LLC bought a new position in Asana in the first quarter valued at approximately $592,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Asana during the first quarter valued at approximately $1,148,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ASAN shares. Robert W. Baird increased their target price on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Citigroup lowered their price objective on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. DA Davidson reduced their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Piper Sandler restated an “overweight” rating and issued a $19.00 price target on shares of Asana in a research note on Thursday, September 4th. Finally, Morgan Stanley lifted their price objective on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, Asana has a consensus rating of “Hold” and a consensus price target of $16.32.

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.