BlackRock Amends Asana Stake, Maintains Significant Holding
Ticker: ASAN · Form: SC 13G/A · Filed: 2024-02-07T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Asana, signaling continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on February 7, 2024, indicating its ownership of Asana, Inc. Class A Common Stock as of January 31, 2024. This filing, an amendment to a previous one, shows BlackRock continues to be a significant institutional holder in Asana. For investors, this signals that a major asset manager maintains its position, which can be interpreted as a vote of confidence in Asana's long-term prospects, potentially reducing perceived risk.
Why It Matters
This filing confirms BlackRock, a major institutional investor, still holds a substantial position in Asana, Inc., which can reassure current and potential investors about the stock's stability and institutional interest.
Risk Assessment
Risk Level: low — The filing indicates a major institutional investor maintains its position, which generally reduces perceived risk for the stock.
Analyst Insight
Investors should note that a major institutional holder like BlackRock continues to hold a position in Asana, which may signal stability, but should still conduct their own due diligence on Asana's fundamentals.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Asana, Inc. (company) — the subject company whose securities are being reported
- January 31, 2024 (date) — the date of the event requiring the filing
- February 7, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant stake in Asana, Inc. for the foreseeable future. (BlackRock, Inc.) — medium confidence, target: 2025-02-07
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is Asana, Inc., whose Class A Common Stock is the subject of this filing.
Who is the 'reporting person' in this filing?
The 'reporting person' is BlackRock, Inc., as stated under 'Names of reporting persons' on the cover page.
What is the CUSIP Number for the securities reported?
The CUSIP Number for the Class A Common Stock of Asana, Inc. is 04342Y104.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was January 31, 2024.
From the Filing
EDGAR Filing Documents for 0001086364-24-006859 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/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-006859 Filing Date 2024-02-07 Accepted 2024-02-07 17:09:05 Documents 1 Document Format Files Seq Description Document Type Size 1 us04342y1047_020724.txt SC 13G/A 10937 Complete submission text file 0001086364-24-006859.txt 12760 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/A 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/A | Act: 34 | File No.: 005-91826 | Film No.: 24605714 SIC : 7372 Services-Prepackaged Software (CF Office: 06 Technology)