BlackRock Discloses Significant Stake in Asana (ASAN)
Ticker: ASAN · Form: SC 13G · Filed: 2024-01-29T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, SC-13G, passive-investment
TL;DR
**BlackRock owns a chunk of Asana, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that it holds a significant stake in Asana, Inc.'s Class A Common Stock as of December 31, 2023. This filing indicates BlackRock's continued confidence in Asana, a prepackaged software company, and signals that a large institutional investor sees value in the stock. For current or prospective Asana shareholders, this means a powerful entity is invested, which can provide a degree of stability and potentially influence future stock performance.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a substantial holding in Asana, which can be a positive signal for other investors and may influence market perception.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investment, generally seen as a positive or neutral event, reducing perceived risk.
Analyst Insight
Investors should note BlackRock's institutional backing of Asana, but this filing alone doesn't provide enough detail on the size of the stake to warrant immediate action. It's a data point for broader due diligence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Asana, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its significant stake in Asana for the foreseeable future. (BlackRock Inc.) — medium confidence, target: 2025-01-29
FAQ
What type of securities does BlackRock Inc. hold in Asana, Inc.?
BlackRock Inc. holds Class A Common Stock of Asana, Inc., as stated in the 'Title of Class of Securities' section of the filing.
When was the event that triggered this SC 13G filing?
The event which required the filing of this statement occurred on December 31, 2023, as indicated under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for Asana, Inc.'s Class A Common Stock?
The CUSIP number for Asana, Inc.'s Class A Common Stock is 04342Y104, as listed in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.
What is the business address of Asana, Inc.?
Asana, Inc.'s business address is 633 Folsom Street, Suite 100, San Francisco, CA 94107, according to the 'BUSINESS ADDRESS' section of the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-005575 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-005575 Filing Date 2024-01-29 Accepted 2024-01-29 17:25:53 Documents 1 Document Format Files Seq Description Document Type Size 1 us04342y1047_012924.txt SC 13G 11813 Complete submission text file 0001086364-24-005575.txt 13630 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 633 FOLSOM STREET SUITE 100 SAN FRANCISCO CA 94107 Business Address 633 FOLSOM STREET SUITE 100 SAN FRANCISCO CA 94107 (415) 525-3888 Asana, Inc. (Subject) CIK : 0001477720 (see all company filings) EIN. : 263912448 | State of Incorp.: DE | Fiscal Year End: 0131 Type: SC 13G | Act: 34 | File No.: 005-91826 | Film No.: 24574949 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)