Asana (ASAN) reported second-quarter fiscal 2027 revenue of $216.4 million, up 10% from a year earlier, for the quarter ended July 31, 2026. GAAP net loss was $39.2 million, or $0.17 per basic and diluted share, compared with a $48.4 million loss, or $0.20 per share, a year earlier.
The company raised its fiscal 2027 revenue outlook to $858.5 million to $863.5 million and said it expects third-quarter revenue of $217 million to $219 million.
- GAAP operating loss was $41.2 million, compared with a $49.5 million operating loss a year earlier.
- Non-GAAP operating income was $21.8 million, representing a 10% operating margin.
- Operating cash flow totaled $46.0 million, compared with $39.8 million in the prior-year quarter.
- Dollar-based net retention was 97%; Core customer retention was 98%.
- Customers spending at least $100,000 annually increased 16% year over year to 890.
- Asana expects third-quarter non-GAAP net income per share of $0.08.
$ASAN Insider Trading Activity
$ASAN insiders have traded $ASAN stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $ASAN stock by insiders over the last 6 months:
- AZIZ MEGJI (Chief Financial Officer) has made 0 purchases and 4 sales selling 75,585 shares for an estimated $487,138.
- SONALEE ELIZABETH PAREKH (Chief Financial Officer) has made 0 purchases and 2 sales selling 52,868 shares for an estimated $350,835.
- KATIE MARIE COLENDICH (GC, Corporate Secretary) has made 0 purchases and 7 sales selling 38,620 shares for an estimated $261,913.
- DANIEL MARK ROGERS (Chief Executive Officer) has made 0 purchases and 2 sales selling 28,630 shares for an estimated $196,176.
- VERONICA SOSA (Chief Accounting Officer) has made 0 purchases and 2 sales selling 17,857 shares for an estimated $118,834.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ASAN Hedge Fund Activity
We have seen 172 institutional investors add shares of $ASAN stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WESTERLY CAPITAL MANAGEMENT, LLC added 3,030,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $21,210,000
- MILLENNIUM MANAGEMENT LLC removed 2,638,099 shares (-96.4%) from their portfolio in Q2 2026, for an estimated $18,466,693
- GOLDMAN SACHS GROUP INC added 2,312,655 shares (+55.5%) to their portfolio in Q2 2026, for an estimated $16,188,585
- AQR CAPITAL MANAGEMENT LLC added 1,970,695 shares (+84.2%) to their portfolio in Q2 2026, for an estimated $13,794,865
- RENAISSANCE TECHNOLOGIES LLC added 1,595,600 shares (+1698.5%) to their portfolio in Q2 2026, for an estimated $11,169,200
- BLACKROCK, INC. added 1,565,869 shares (+19.9%) to their portfolio in Q2 2026, for an estimated $10,961,083
- BANK OF AMERICA CORP /DE/ removed 1,241,357 shares (-55.5%) from their portfolio in Q2 2026, for an estimated $8,689,499
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
