Asana, Inc.
At today's price, Asana, Inc. (ASAN) is priced for -1.6% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Asana sells work-management software on a subscription basis, and the business has matured from growth-at-any-cost into a self-funding one: adjusted free cash flow reached $25.7 million in fiscal Q4 2026, a 13% margin [Source: Q4 FY2026 results, Feb 2026]. • The price reflects the loss of growth, not the loss of the business: at about 1.9 times revenue the stock trades below where even a modest revenue decline would be valued, a steep discount for a 90%-gross-margin subscription company. • The
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237 institutional managers reported holding ASAN in 13F filings for the quarter ended 2026-03-31. Together they hold about 42% of the company; the top 10 hold 24%. 48 opened new positions that quarter. Held by Vanguard Group, BlackRock, Arrowstreet Capital, among others. On the short side, 31.7M shares were sold short as of the 2026-06-15 count, about 13% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ASAN's share count grew 39.6% over the past five years even with $255.58M spent on repurchases. It pays no dividend. Cash returned over the past three years: $255.54M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ASAN over the trailing three years: 2025: 2 buys totaling $1.14M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ASAN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-02 | -7.0% | -0.8% |
| 2023-09-06 | -13.1% | +6.0% |
| 2023-12-06 | -14.9% | -7.3% |
| 2024-03-15 | -13.6% | -1.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ASAN's latest 8-K filings: 2026-07-17 (items 5.02); 2026-06-12 (items 5.07); 2026-05-28 (items 2.02, 9.01); 2026-04-20 (items 5.02); 2026-03-13 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.