Asana (NYSE:ASAN) CEO Sells $1,371,097.75 in Stock

by · The Cerbat Gem

Asana, Inc. (NYSE:ASAN – Get Free Report) CEO Daniel Rogers sold 150,175 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $9.13, for a total transaction of $1,371,097.75. Following the completion of the sale, the chief executive officer directly owned 1,474,719 shares in the company, valued at approximately $13,464,184.47. The trade was a 9.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Mark Rogers also recently made the following trade(s):

  • On Monday, September 21st, Daniel Rogers sold 300,937 shares of Asana stock. The stock was sold at an average price of $9.53, for a total transaction of $2,867,929.61.
  • On Thursday, August 27th, Daniel Rogers sold 1,655 shares of Asana stock. The shares were sold at an average price of $10.00, for a total value of $16,550.00.
  • On Tuesday, June 30th, Daniel Rogers sold 13,790 shares of Asana stock. The shares were sold at an average price of $6.89, for a total value of $95,013.10.

Asana Stock Performance

Shares of ASAN stock traded up $0.41 during trading hours on Wednesday, hitting $9.49. The company had a trading volume of 8,536,562 shares, compared to its average volume of 6,187,731. Asana, Inc. has a 12 month low of $5.38 and a 12 month high of $15.48. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -14.39 and a beta of 0.95. The firm’s fifty day moving average is $8.89 and its 200 day moving average is $7.53.

Asana (NYSE:ASAN – Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. Asana had a negative return on equity of 80.33% and a negative net margin of 18.62%.Asana’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. On average, sell-side analysts expect that Asana, Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Asana

Several institutional investors have recently bought and sold shares of ASAN. ProShare Advisors LLC increased its position in Asana by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock valued at $225,000 after acquiring an additional 1,188 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Asana by 19.6% during the fourth quarter. Handelsbanken Fonder AB now owns 23,200 shares of the company’s stock valued at $318,000 after purchasing an additional 3,800 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Asana by 13.9% during the first quarter. Blue Trust Inc. now owns 33,716 shares of the company’s stock valued at $216,000 after purchasing an additional 4,117 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Asana by 20.3% in the second quarter. 180 Wealth Advisors LLC now owns 27,637 shares of the company’s stock valued at $193,000 after purchasing an additional 4,655 shares in the last quarter. Finally, Performa Ltd US LLC raised its position in Asana by 335.1% in the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after purchasing an additional 4,775 shares during the last quarter. Institutional investors own 26.21% of the company’s stock.

Analyst Upgrades and Downgrades

ASAN has been the subject of a number of analyst reports. Zacks Research cut Asana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Robert W. Baird increased their target price on shares of Asana from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Citizens Jmp reissued a “market outperform” rating and set a $15.00 price target on shares of Asana in a report on Friday, September 4th. Finally, KeyCorp reduced their price target on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.95.

Check Out Our Latest Stock Report on Asana

About Asana

(Get Free Report)

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks and team workflows. Its platform is designed to improve collaboration, planning and visibility across departments, enabling users to assign work, set deadlines, track progress and manage priorities in one system.

Asana’s products and features include project and task management, workflow automation, project portfolios, goals and reporting tools, team collaboration capabilities, and integrations with other business applications.

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