Hsbc Holdings PLC Sells 118,475 Shares of Asana, Inc. $ASAN

Hsbc Holdings PLC lessened its position in Asana, Inc. (NYSE:ASAN) by 86.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,972 shares of the company’s stock after selling 118,475 shares during the quarter. Hsbc Holdings PLC’s holdings in Asana were worth $259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ASAN. Banque Cantonale Vaudoise bought a new position in shares of Asana during the 1st quarter worth about $28,000. 180 Wealth Advisors LLC acquired a new stake in shares of Asana during the 1st quarter valued at about $146,000. Blueshift Asset Management LLC acquired a new stake in shares of Asana during the 1st quarter valued at about $169,000. Diversified Trust Co acquired a new stake in shares of Asana during the 1st quarter valued at about $190,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Asana during the 1st quarter valued at about $209,000. Institutional investors own 26.21% of the company’s stock.

Insider Buying and Selling

In other news, Director Justin Rosenstein sold 966,576 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $15.04, for a total transaction of $14,537,303.04. Following the transaction, the director directly owned 4,797,091 shares in the company, valued at approximately $72,148,248.64. This represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dustin A. Moskovitz bought 225,000 shares of Asana stock in a transaction dated Tuesday, July 1st. The shares were bought at an average price of $13.58 per share, for a total transaction of $3,055,500.00. Following the completion of the transaction, the chief executive officer directly owned 51,711,191 shares of the company’s stock, valued at $702,237,973.78. This represents a 0.44% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 5,375,000 shares of company stock worth $75,920,894 and have sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ASAN shares. Wall Street Zen lowered shares of Asana from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Jefferies Financial Group lifted their target price on shares of Asana from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada reiterated an “underperform” rating and set a $10.00 target price on shares of Asana in a research report on Wednesday, June 4th. Morgan Stanley lifted their target price on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and set a $19.00 target price on shares of Asana in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.10.

Asana Price Performance

NYSE:ASAN opened at $14.68 on Friday. The firm has a market cap of $3.46 billion, a PE ratio of -16.50 and a beta of 1.14. Asana, Inc. has a 12 month low of $11.05 and a 12 month high of $27.77. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $14.23 and its two-hundred day moving average price is $15.45.

Asana (NYSE:ASAN) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.00%. Asana’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, equities analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Asana Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.