Insider Selling: Asana (NYSE:ASAN) CFO Sells $336,983.52 in Stock

Asana, Inc. (NYSE:ASAN) CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total value of $336,983.52. Following the transaction, the chief financial officer directly owned 968,149 shares in the company, valued at $13,108,737.46. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 22nd, Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock. The stock was sold at an average price of $14.31, for a total value of $1,197,117.36.

Asana Price Performance

Shares of NYSE ASAN opened at $13.62 on Friday. 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, Inc. has a one year low of $11.58 and a one year high of $24.50. The firm has a market capitalization of $3.23 billion, a P/E ratio of -14.64 and a beta of 0.93. The company’s fifty day moving average is $13.62 and its two-hundred day moving average is $13.89.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm 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. Analysts forecast that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in shares of Asana in the 1st quarter valued at about $1,148,000. Charles Schwab Investment Management Inc. raised its holdings in Asana by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after buying an additional 47,480 shares during the period. Acadian Asset Management LLC lifted its position in Asana by 8,850.6% during the first 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. Russell Investments Group Ltd. lifted its position 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 buying an additional 70,145 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Asana by 117.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock worth $9,092,000 after buying an additional 336,641 shares during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASAN has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday. 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. UBS Group reduced their target price on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, BTIG Research began coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.