Asana, Inc. $ASAN Stock Holdings Increased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. grew its position in shares of Asana, Inc. (NYSE:ASAN) by 42.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,000 shares of the company’s stock after buying an additional 63,000 shares during the period. Hussman Strategic Advisors Inc. owned about 0.09% of Asana worth $2,806,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Asana during the 3rd quarter valued at approximately $93,000. Benjamin Edwards Inc. acquired a new stake in shares of Asana during the third quarter worth $145,000. SG Americas Securities LLC bought a new position in shares of Asana in the 3rd quarter worth about $555,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Asana by 65.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 79,805 shares of the company’s stock valued at $1,066,000 after buying an additional 31,700 shares during the period. Finally, Diversified Trust Co grew its position in shares of Asana by 12.3% during the 3rd quarter. Diversified Trust Co now owns 14,646 shares of the company’s stock valued at $196,000 after buying an additional 1,603 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Trading Down 3.2%

Shares of ASAN stock opened at $11.15 on Wednesday. Asana, Inc. has a 1 year low of $10.59 and a 1 year high of $24.50. The firm has a market capitalization of $2.64 billion, a PE ratio of -11.98 and a beta of 0.91. The stock has a fifty day moving average of $13.03 and a two-hundred day moving average of $13.67. 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 issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $201.03 million for the quarter, compared to analyst estimates of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share. 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, research analysts expect that Asana, Inc. will post -1.09 EPS for the current year.

Insider Transactions at Asana

In other news, Director Justin Rosenstein sold 850,233 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the transaction, the director directly owned 210,398 shares in the company, valued at $3,181,217.76. This trade represents a 80.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 968,149 shares in the company, valued at approximately $13,108,737.46. The trade was a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,127,448 shares of company stock valued at $16,825,400. Company insiders own 61.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ASAN shares. Royal Bank Of Canada cut their target price on shares of Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, January 5th. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, January 15th. KeyCorp upgraded Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a research note on Monday, December 15th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, DA Davidson reduced their price target on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Asana has an average rating of “Hold” and a consensus target price of $16.11.

Asana Profile

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.