Asana Target of Unusually High Options Trading (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 37,356 call options on the stock. This is an increase of 861% compared to the average volume of 3,889 call options.

Insider Buying and Selling at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the transaction, the chief financial officer owned 993,037 shares in the company, valued at $14,210,359.47. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the completion of the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,127,448 shares of company stock valued at $16,825,400 in the last three months. 61.28% of the stock is currently owned by company insiders.

Institutional Trading of Asana

Several hedge funds have recently made changes to their positions in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Asana by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after purchasing an additional 2,328 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Asana by 40.9% during the first quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after purchasing an additional 7,381 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Asana by 14.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after buying an additional 32,708 shares during the last quarter. Blue Trust Inc. raised its stake in Asana by 13.7% in the second quarter. Blue Trust Inc. now owns 26,638 shares of the company’s stock valued at $360,000 after buying an additional 3,216 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Asana in the second quarter valued at $649,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price target on shares of Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. UBS Group lowered their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Piper Sandler cut their price objective on Asana from $19.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.75.

Asana Trading Down 9.2%

Shares of Asana stock opened at $7.47 on Thursday. The firm has a market capitalization of $1.77 billion, a PE ratio of -8.03 and a beta of 0.95. The firm’s 50-day moving average price is $12.27 and its 200 day moving average price is $13.26. Asana has a twelve month low of $7.17 and a twelve month 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.

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, beating the consensus estimate 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 revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($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. On average, sell-side analysts predict that Asana will post -1.09 EPS for the current fiscal year.

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.