Asana, Inc.
ASAN · Services-Prepackaged Software · 214.3M shares · +33%/yr ↑ dilution · EDGAR filings ↗
Reference price $6.73 · est. market cap ~$1.4B — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C55Best-in-class gross margin and positive FCF, undercut by steep losses and decelerating growth.
Strengths
- Elite gross margin — 89.0% (97th)
- Positive FCF — $86.6M (37th)
Risks
- Heavy GAAP losses — operating margin -25.0%, ROE -122.6% (4th)
- Decelerating growth — revenue +9.2% (47th)
- Negative returns on capital — ROA -22.4%
Notable findings
- Chronic dilutionShare count +33%/yr over 4y (dilution, book value/share -76%)
- Net lossNet loss (net margin -23.9%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $200M cash & investments
- Notable holderHeld by 5 notable fund(s): GOLDMAN SACHS GROUP INC, STATE STREET CORP, FMR LLC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 15 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
89.0%
Operating margin
-25.0%
Net margin
-23.9%
Return on equity
-122.6%
Return on assets
-22.4%
Revenue growth (QoQ)
-0.2%
Current ratio
1.2×
Free cash flow
$87M
EBITDA
-$175M
Tangible book value
$154M
Cash & investments
$200M
Stock comp / revenue
27.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | Megji Aziz | Sell | 13K | $6.73 |
| 2026-06-24 | Colendich Katie Marie | Sell | 8.3K | $6.74 |
| 2026-06-22 | Megji Aziz | Sell | 26K | $6.66 |
| 2026-06-22 | Megji Aziz | Sell | 6.1K | $6.65 |
| 2026-06-22 | Colendich Katie Marie | Sell | 7.6K | $6.66 |
| 2026-06-22 | Rogers Daniel Mark | Sell | 27K | $6.66 |
| 2026-06-22 | Sosa Veronica | Sell | 11K | $6.66 |
| 2026-06-17 | Rogers Daniel Mark | Grant | 655K | — |
| 2026-06-08 | Boroditsky Marc | Grant | 22K | — |
| 2026-06-08 | Lindsay Andrew | Grant | 22K | — |
| 2026-06-08 | Rosenstein Justin | Grant | 22K | — |
| 2026-06-08 | CAREY SYDNEY | Grant | 22K | — |
| 2026-06-08 | Anderson-Copperman Krista | Grant | 22K | — |
| 2026-05-06 | Megji Aziz | Grant | 586K | — |
| 2026-05-06 | Colendich Katie Marie | Grant | 98K | — |
| 2026-05-01 | D'Angelo Adam | Grant | 1.2K | — |
| 2026-05-01 | Cohler Matt | Grant | 1.3K | — |
| 2026-05-01 | NORRINGTON LORRIE M | Grant | 2.3K | — |
| 2026-05-01 | Anderson-Copperman Krista | Grant | 2.1K | — |
| 2026-03-31 | Rosenstein Justin | Gift | 6.3M | — |
| 2026-03-31 | Rosenstein Justin | Conversion | 6.3M | — |
| 2026-03-27 | Megji Aziz | Sell | 31K | $6.10 |
| 2026-03-25 | Colendich Katie Marie | Sell | 5.0K | $6.42 |
| 2026-03-24 | Colendich Katie Marie | Sell | 1.5K | $6.39 |
| 2026-03-23 | Parekh Sonalee Elizabeth | Sell | 19K | $6.62 |
| 2026-03-20 | Sosa Veronica | Sell | 6.5K | $6.65 |
| 2026-03-20 | Colendich Katie Marie | Sell | 3.6K | $6.65 |
| 2026-03-20 | Parekh Sonalee Elizabeth | Sell | 34K | $6.65 |
| 2026-03-10 | Colendich Katie Marie | Sell | 7.3K | $7.42 |
| 2026-03-10 | Colendich Katie Marie | Grant | 53K | — |
| 2026-02-02 | Anderson-Copperman Krista | Grant | 1.3K | — |
| 2026-02-02 | Cohler Matt | Grant | 823 | — |
| 2026-02-02 | D'Angelo Adam | Grant | 731 | — |
| 2026-02-02 | NORRINGTON LORRIE M | Grant | 1.4K | — |
| 2025-12-23 | Parekh Sonalee Elizabeth | Sell | 25K | $13.54 |
| 2025-12-23 | LACEY ELEANOR B | Sell | 45K | $13.55 |
| 2025-12-22 | Parekh Sonalee Elizabeth | Sell | 84K | $14.31 |
| 2025-12-22 | Rosenstein Justin | Conversion | 665K | — |
| 2025-12-22 | Rosenstein Justin | Gift | 665K | — |
| 2025-12-22 | LACEY ELEANOR B | Sell | 55K | $14.31 |
| 2025-12-22 | Raimondi Anne | Sell | 62K | $14.31 |
| 2025-12-19 | Raimondi Anne | Sell | 66K | $14.46 |
| 2025-12-19 | Rosenstein Justin | Conversion | 3.0M | — |
| 2025-12-19 | Raimondi Anne | Sell | 9.8K | $14.51 |
| 2025-12-18 | Raimondi Anne | Sell | 22K | $14.52 |
| 2025-12-09 | LACEY ELEANOR B | Option exercise | 100K | $4.02 |
| 2025-12-09 | Rosenstein Justin | Sell | 850K | $15.12 |
| 2025-12-09 | LACEY ELEANOR B | Sell | 100K | $15.24 |
| 2025-12-08 | Rosenstein Justin | Sell | 8.2K | $14.95 |
| 2025-11-03 | Anderson-Copperman Krista | Grant | 925 | — |
| 2025-11-03 | D'Angelo Adam | Grant | 533 | — |
| 2025-11-03 | NORRINGTON LORRIE M | Grant | 1.0K | — |
| 2025-11-03 | CAREY SYDNEY | Grant | 996 | — |
| 2025-11-03 | Cohler Matt | Grant | 600 | — |
| 2025-10-24 | Rosenstein Justin | Sell | 14K | $14.95 |
| 2025-10-21 | Rosenstein Justin | Sell | 459K | $14.98 |
| 2025-10-10 | Rosenstein Justin | Sell | 14K | $15.07 |
| 2025-10-09 | Rosenstein Justin | Sell | 1.2M | $15.23 |
| 2025-10-08 | Rosenstein Justin | Sell | 455K | $15.08 |
| 2025-09-23 | Parekh Sonalee Elizabeth | Sell | 63K | $14.38 |
| 2025-09-23 | LACEY ELEANOR B | Sell | 11K | $14.41 |
| 2025-09-22 | LACEY ELEANOR B | Sell | 20K | $14.17 |
| 2025-09-22 | Parekh Sonalee Elizabeth | Sell | 195K | $14.17 |
| 2025-09-22 | Raimondi Anne | Sell | 28K | $14.17 |
| 2025-08-21 | Moskovitz Dustin A. | Buy | 122K | $13.52 |
| 2025-08-20 | Moskovitz Dustin A. | Buy | 225K | $13.62 |
| 2025-08-19 | Moskovitz Dustin A. | Buy | 222K | $13.85 |
| 2025-08-18 | Moskovitz Dustin A. | Buy | 225K | $14.12 |
| 2025-08-15 | Moskovitz Dustin A. | Buy | 224K | $13.98 |
| 2025-08-14 | Moskovitz Dustin A. | Buy | 225K | $13.77 |
| 2025-08-13 | Moskovitz Dustin A. | Buy | 225K | $13.66 |
| 2025-08-11 | Moskovitz Dustin A. | Buy | 225K | $12.93 |
| 2025-08-08 | Moskovitz Dustin A. | Buy | 225K | $13.76 |
| 2025-08-07 | Moskovitz Dustin A. | Buy | 224K | $14.10 |
| 2025-08-06 | Moskovitz Dustin A. | Buy | 225K | $14.48 |
| 2025-08-04 | Moskovitz Dustin A. | Buy | 225K | $14.38 |
| 2025-08-01 | D'Angelo Adam | Grant | 510 | — |
| 2025-08-01 | Cohler Matt | Grant | 574 | — |
| 2025-08-01 | CAREY SYDNEY | Grant | 953 | — |
| 2025-08-01 | Moskovitz Dustin A. | Buy | 225K | $14.04 |
| 2025-08-01 | Anderson-Copperman Krista | Grant | 885 | — |
| 2025-08-01 | NORRINGTON LORRIE M | Grant | 1.0K | — |
| 2025-07-30 | Moskovitz Dustin A. | Buy | 225K | $15.32 |
| 2025-07-29 | Moskovitz Dustin A. | Buy | 225K | $15.24 |
| 2025-07-28 | Rosenstein Justin | Sell | 518K | $15.04 |
| 2025-07-25 | Rosenstein Justin | Sell | 224K | $14.98 |
| 2025-07-24 | Moskovitz Dustin A. | Buy | 225K | $14.91 |
| 2025-07-24 | Rosenstein Justin | Sell | 116K | $15.03 |
| 2025-07-23 | Rosenstein Justin | Sell | 729K | $15.08 |
| 2025-07-23 | Moskovitz Dustin A. | Buy | 225K | $15.04 |
| 2025-07-22 | Rosenstein Justin | Sell | 967K | $15.04 |
| 2025-07-22 | Moskovitz Dustin A. | Buy | 225K | $15.04 |
| 2025-07-21 | Moskovitz Dustin A. | Buy | 225K | $14.91 |
| 2025-07-21 | Rosenstein Justin | Sell | 195K | $15.01 |
| 2025-07-21 | Rogers Daniel Mark | Grant | 1.3M | — |
| 2025-07-18 | Rosenstein Justin | Sell | 227K | $14.99 |
| 2025-07-18 | Moskovitz Dustin A. | Buy | 225K | $14.82 |
| 2025-07-17 | Moskovitz Dustin A. | Buy | 223K | $14.36 |
| 2025-07-16 | Moskovitz Dustin A. | Buy | 225K | $13.99 |
| 2025-07-15 | Moskovitz Dustin A. | Buy | 225K | $13.96 |
| 2025-07-14 | Moskovitz Dustin A. | Buy | 223K | $14.25 |
| 2025-07-11 | Moskovitz Dustin A. | Buy | 225K | $14.16 |
| 2025-07-10 | Rosenstein Justin | Sell | 25K | $14.95 |
| 2025-07-08 | Moskovitz Dustin A. | Buy | 225K | $14.60 |
| 2025-07-07 | Moskovitz Dustin A. | Buy | 224K | $14.04 |
| 2025-07-02 | Moskovitz Dustin A. | Buy | 225K | $13.61 |
| 2025-07-01 | Parekh Sonalee Elizabeth | Sell | 1.9K | $13.57 |
| 2025-07-01 | Moskovitz Dustin A. | Buy | 225K | $13.58 |
| 2025-06-26 | Moskovitz Dustin A. | Buy | 57K | $12.95 |
| 2025-06-25 | Moskovitz Dustin A. | Buy | 31K | $13.00 |
| 2025-06-23 | LACEY ELEANOR B | Sell | 14K | $12.95 |
| 2025-06-20 | Parekh Sonalee Elizabeth | Sell | 4.2K | $13.17 |
| 2025-06-20 | Raimondi Anne | Sell | 27K | $13.17 |
| 2025-06-20 | LACEY ELEANOR B | Sell | 14K | $13.17 |
| 2025-06-16 | D'Angelo Adam | Grant | 13K | — |
| 2025-06-16 | CAREY SYDNEY | Grant | 13K | — |
| 2025-06-16 | Anderson-Copperman Krista | Grant | 13K | — |
| 2025-06-16 | Rosenstein Justin | Grant | 13K | — |
| 2025-06-16 | NORRINGTON LORRIE M | Grant | 13K | — |
| 2025-06-16 | Cohler Matt | Grant | 13K | — |
| 2025-06-16 | Lindsay Andrew | Grant | 13K | — |
| 2025-05-29 | LACEY ELEANOR B | Grant | 176K | — |
| 2025-05-29 | Parekh Sonalee Elizabeth | Grant | 145K | — |
| 2025-05-29 | Parekh Sonalee Elizabeth | Grant | 70K | — |
| 2025-05-29 | Raimondi Anne | Grant | 130K | — |
| 2025-05-29 | Raimondi Anne | Grant | 70K | — |
| 2025-05-29 | LACEY ELEANOR B | Grant | 70K | — |
| 2025-05-01 | Cohler Matt | Grant | 522 | — |
| 2025-05-01 | NORRINGTON LORRIE M | Grant | 910 | — |
| 2025-05-01 | D'Angelo Adam | Grant | 464 | — |
| 2025-05-01 | CAREY SYDNEY | Grant | 867 | — |
| 2025-05-01 | Anderson-Copperman Krista | Grant | 805 | — |
| 2025-04-16 | Boroditsky Marc | Grant | 23K | — |
| 2025-04-15 | Moskovitz Dustin A. | Buy | 50K | $15.84 |
| 2025-04-11 | Moskovitz Dustin A. | Buy | 75K | $15.58 |
| 2025-04-11 | Rosenstein Justin | Conversion | 5.3M | — |
| 2025-04-10 | Moskovitz Dustin A. | Buy | 225K | $15.64 |
| 2025-04-08 | Moskovitz Dustin A. | Buy | 159K | $14.07 |
| 2025-04-08 | Moskovitz Dustin A. | Buy | 66K | $14.64 |
| 2025-04-07 | Moskovitz Dustin A. | Buy | 166K | $13.67 |
| 2025-04-07 | Moskovitz Dustin A. | Buy | 54K | $14.38 |
| 2025-04-07 | Moskovitz Dustin A. | Buy | 4.8K | $15.03 |
| 2025-04-04 | Moskovitz Dustin A. | Buy | 202K | $13.82 |
| 2025-04-04 | Moskovitz Dustin A. | Buy | 23K | $14.22 |
| 2025-04-03 | Moskovitz Dustin A. | Buy | 225K | $14.72 |
| 2025-03-31 | Moskovitz Dustin A. | Buy | 225K | $14.41 |
| 2025-03-28 | Moskovitz Dustin A. | Buy | 225K | $14.72 |
| 2025-03-26 | Moskovitz Dustin A. | Buy | 225K | $15.16 |
| 2025-03-25 | Moskovitz Dustin A. | Buy | 225K | $15.33 |
| 2025-03-24 | LACEY ELEANOR B | Sell | 4.9K | $14.88 |
| 2025-03-20 | LACEY ELEANOR B | Sell | 9.1K | $14.03 |
| 2025-03-20 | Moskovitz Dustin A. | Buy | 225K | $14.03 |
| 2025-03-20 | Raimondi Anne | Sell | 19K | $14.03 |
| 2025-03-19 | Rosenstein Justin | Conversion | 500K | — |
| 2025-03-19 | Moskovitz Dustin A. | Buy | 225K | $14.34 |
| 2025-03-19 | Rosenstein Justin | Gift | 500K | — |
| 2025-03-18 | Moskovitz Dustin A. | Buy | 225K | $14.08 |
| 2025-03-17 | Moskovitz Dustin A. | Buy | 225K | $14.02 |
| 2025-03-14 | Moskovitz Dustin A. | Buy | 225K | $13.77 |
| 2025-03-14 | Rosenstein Justin | Sell | 75K | $13.96 |
| 2025-03-13 | Moskovitz Dustin A. | Buy | 225K | $12.91 |
| 2025-03-13 | Rosenstein Justin | Sell | 25K | $12.89 |
| 2025-03-03 | Rosenstein Justin | Sell | 140K | $18.94 |
| 2025-03-03 | Rosenstein Justin | Sell | 9.7K | $19.45 |
| 2025-02-24 | Rosenstein Justin | Sell | 4.2K | $20.37 |
| 2025-02-24 | Rosenstein Justin | Sell | 146K | $19.74 |
| 2025-02-19 | Rosenstein Justin | Sell | 3.1K | $23.27 |
| 2025-02-19 | Rosenstein Justin | Sell | 197K | $22.53 |
| 2025-02-12 | Rosenstein Justin | Sell | 84K | $21.99 |
| 2025-02-12 | Rosenstein Justin | Sell | 116K | $22.62 |
| 2025-02-05 | Rosenstein Justin | Sell | 3.9K | $21.98 |
| 2025-02-04 | Rosenstein Justin | Sell | 196K | $21.78 |
| 2025-02-03 | D'Angelo Adam | Grant | 351 | — |
| 2025-02-03 | CAREY SYDNEY | Grant | 656 | — |
| 2025-02-03 | Cohler Matt | Grant | 395 | — |
| 2025-02-03 | Anderson-Copperman Krista | Grant | 609 | — |
| 2025-02-03 | NORRINGTON LORRIE M | Grant | 688 | — |
| 2025-01-28 | Rosenstein Justin | Sell | 10K | $19.66 |
| 2025-01-28 | Rosenstein Justin | Sell | 10K | $20.85 |
| 2025-01-28 | Rosenstein Justin | Sell | 180K | $21.83 |
| 2025-01-23 | Rosenstein Justin | Sell | 150K | $20.01 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-12 | Shareholder vote | filing ↗ |
| 2026-05-28 | ResultsExhibits | filing ↗ |
| 2026-04-20 | Exec/director change | filing ↗ |
| 2026-03-13 | Exec/director changeExhibits | filing ↗ |
| 2026-03-02 | Exec/director changeExhibits | filing ↗ |
| 2026-03-02 | ResultsOtherExhibits | filing ↗ |
| 2026-03-02 | Exec/director changeExhibits | filing ↗ |
| 2025-12-02 | ResultsExec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-08 | 0001628280-26-042881 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001477720-26-000037 ↗ |
| 10-Q | 2026-05-28 | 2026-04-30 | 0001477720-26-000039 ↗ |
| 8-K | 2026-04-20 | 2026-04-14 | 0001628280-26-025988 ↗ |
| 10-K | 2026-03-13 | 2026-01-31 | 0001477720-26-000021 ↗ |
| 8-K | 2026-03-13 | 2026-03-10 | 0001477720-26-000019 ↗ |
| 8-K | 2026-03-02 | 2026-02-26 | 0001628280-26-013212 ↗ |
| 8-K/A | 2026-03-02 | 2026-02-26 | 0001628280-26-013310 ↗ |
| 8-K | 2026-03-02 | 2026-02-26 | 0001477720-26-000012 ↗ |
| 8-K | 2025-12-02 | 2025-11-30 | 0001477720-25-000235 ↗ |
| 10-Q | 2025-12-02 | 2025-10-31 | 0001477720-25-000237 ↗ |
| 8-K | 2025-09-09 | 2025-09-05 | 0001477720-25-000202 ↗ |