Asana, Inc. (NYSE:ASAN) Sees Large Drop in Short Interest

01 Jan 2026, 02:38 by Danessa Lincoln · The Markets Daily

Asana, Inc. (NYSE:ASAN – Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 13,963,921 shares, a decrease of 18.3% from the November 30th total of 17,097,048 shares. Based on an average daily trading volume, of 5,343,617 shares, the short-interest ratio is currently 2.6 days. Approximately 15.2% of the company’s stock are sold short. Approximately 15.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,343,617 shares, the short-interest ratio is currently 2.6 days.

Insider Buying and Selling

In other Asana news, Director Justin Rosenstein sold 850,233 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the transaction, the director owned 210,398 shares of the company’s stock, valued at approximately $3,181,217.76. This trade represents a 80.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the firm’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 transaction, the chief financial officer owned 968,149 shares in the company, valued at $13,108,737.46. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,269,000 shares of company stock worth $49,252,124 in the last ninety days. 61.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Asana

Several institutional investors have recently bought and sold shares of ASAN. 180 Wealth Advisors LLC raised its stake in shares of Asana by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock valued at $145,000 after acquiring an additional 722 shares during the period. Vident Advisory LLC lifted its stake in shares of Asana by 4.3% during the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after purchasing an additional 930 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Asana by 3.6% in the third quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock worth $369,000 after buying an additional 968 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of Asana by 13.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock valued at $129,000 after buying an additional 1,115 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Asana by 6.6% in the second quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock valued at $262,000 after buying an additional 1,200 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Trading Down 1.6%

NYSE:ASAN traded down $0.22 during mid-day trading on Wednesday, reaching $13.68. The company’s stock had a trading volume of 2,387,810 shares, compared to its average volume of 3,690,298. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $3.24 billion, a P/E ratio of -14.71 and a beta of 0.93. The company’s fifty day simple moving average is $13.57 and its two-hundred day simple moving average is $13.88. Asana has a twelve month low of $11.58 and a twelve month high of $24.50.

Asana (NYSE:ASAN – Get Free Report) 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. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The company had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the previous year, the company earned ($0.02) EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. 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, equities analysts predict that Asana will post -1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Citigroup decreased their price target on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. DA Davidson cut 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. Finally, UBS Group reduced their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.32.

Read Our Latest Stock Analysis on Asana

About Asana

(Get Free Report)

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.