Asana (NYSE:ASAN) CEO Sells $2,867,929.61 in Stock

by · The Cerbat Gem

Asana, Inc. (NYSE:ASAN – Get Free Report) CEO Daniel Rogers sold 300,937 shares of Asana stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $9.53, for a total value of $2,867,929.61. Following the completion of the transaction, the chief executive officer directly owned 1,624,894 shares of the company’s stock, valued at approximately $15,485,239.82. This represents a 15.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, September 22nd, Daniel Rogers sold 150,175 shares of Asana stock. The shares were sold at an average price of $9.13, for a total transaction of $1,371,097.75.
  • 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 transaction of $16,550.00.
  • On Tuesday, June 30th, Daniel Rogers sold 13,790 shares of Asana stock. The stock was sold at an average price of $6.89, for a total transaction of $95,013.10.

Asana Stock Performance

Shares of NYSE ASAN opened at $9.04 on Friday. The firm’s 50 day moving average price is $8.98 and its 200-day moving average price is $7.56. The company has a market cap of $2.07 billion, a PE ratio of -13.70 and a beta of 0.95. Asana, Inc. has a 52-week low of $5.38 and a 52-week high of $15.48.

Asana (NYSE:ASAN – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. 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, analysts forecast that Asana, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Asana

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in shares of Asana by 37.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock valued at $45,979,000 after purchasing an additional 1,969,657 shares during the period. Bank of America Corp DE increased its stake in Asana by 92.6% in the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock worth $14,318,000 after buying an additional 1,075,572 shares in the last quarter. First Trust Advisors LP raised its holdings in Asana by 12.9% during the first quarter. First Trust Advisors LP now owns 1,988,739 shares of the company’s stock valued at $12,728,000 after acquiring an additional 227,204 shares during the period. Jupiter Asset Management Ltd. raised its holdings in Asana by 705.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after acquiring an additional 1,204,232 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Asana by 108.3% in the second quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock valued at $6,217,000 after acquiring an additional 461,858 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASAN. UBS Group boosted their target price on Asana from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Robert W. Baird lifted their price target on shares of Asana from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price target on shares of Asana in a research note on Friday, September 4th. Wall Street Zen downgraded shares of Asana from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada raised their target price on shares of Asana from $8.00 to $9.50 and gave the stock a “sector perform” rating in a report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.95.

View Our Latest Research Report on Asana

Asana Company Profile

(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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