Stock Ratings / Technology / ASAN / options

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Asana Inc. (Class A) (ASAN) Options Positioning, Max Pain & Unusual Sweeps

Q: Is ASAN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Asana Inc. (Class A) (NYSE: ASAN) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 41/100 at a spot price of $11.26 (-4.17% 1D, market cap $2.58B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 8/20. Across 714 tracked Technology issuers, ASAN ranks #534 in composite RQD confidence.

Q: How does ASAN compare to KC and VERX in the Technology sector?

Within the Technology sector (Computer Software: Prepackaged Software), ASAN carries a Roarable D- (41/100 RQD), trailing P/E of N/A, gross margin of 89.0%, and ROIC of -35.0%. By comparison, KC (Kingsoft Cloud Holdings Limited) holds a D grade (45/100 RQD, P/E N/A, ROIC -9.7%, cap $2.44B) and VERX (Vertex Inc. (Class A)) posts a D+ grade (53/100 RQD, P/E N/A, ROIC 0.7%, cap $2.41B). Among the 5-stock peer group, ASAN leads on earnings multiple (N/A) while PRCH leads on capital efficiency (9.1% ROIC).

Q: What are the biggest fundamental strengths and SEC risk factors for ASAN?

Per ASAN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-01-31, CIK 0001477720), Asana Inc. (Class A) generated $790.8M in revenue (+9.2% YoY), -$189.0M in net income, and $86.6M in free cash flow against $844.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Q: Where is ASAN trading relative to its 50-day, 200-day, and 52-week technical levels?

ASAN last traded at $11.26 (-4.17% on volume of 4,735,427 shares), positioning the stock +14.78% above its 50-day simple moving average ($9.81) and +38.84% above its 200-day simple moving average ($8.11). Across its 52-week range of $5.38 to $15.28, ASAN sits at the 59.4% percentile with a 14-day RSI of 59.8 (BULLISH MOMENTUM) and an implied next-earnings move of ±11.6% ($9.95 to $12.57).

Q: What is ASAN's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for ASAN.

$11.26 -4.17% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $11.15

Asana Inc. (Class A) (ASAN) carries a Roarable Rating of D- (Sell) with 41/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (41/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D- • RED ALERT Cap $2.58B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $11.15 (-0.94%)🧬 Disciplined Float (-0.12% YoY Shares)⚙️ Cash Engine: 8/20 (D-) • 10.9% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (41/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.2% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-7.6% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for ASAN)Realized 20D OHLCV Swing Band: ±11.6%

Deterministic 5-Pillar Attribution (41/100 Composite)

🔍 WHY ASAN SCORES 41/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (24% of score)

Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Cash Engine Quality+8/20 pts (20% of score)

SEC XBRL FY 2025 (10-K): 10.9% FCF Margin ($86.6M FCF) & 89% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$10.07-2.1% Next Q

Q2 (-2Q)

Grade E$9.86+21.9% Next Q

Q3 (-1Q)

Grade E$12.02-6.3% Next Q

Current

Grade D-$11.26-7.2% Hist 90D α

Trajectory: E (33) → D- (41)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a ASAN Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While ASAN currently carries a cautious 41/100 (D-) rating due to Whale & Options Positioning (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($9.81) and Max Pain ($11.82) forces dealer call-delta covering toward $16.04.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.12% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ASAN• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “ASAN Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 41%NO 59%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±11.6%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (ASAN)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for ASAN.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ASAN)

✓Walkthrough of ASAN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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ASAN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +78.16%▲ ASCENDING CHANNEL

2026-10-30O $11.26H $11.54L $10.97C $11.26VOL 4.64M

RES: $12.37SUP: $8.74SMA50: $9.81SMA200: $8.11

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ASAN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 ASAN Butterfly Map → + Track ASAN →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +9.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on ASAN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for ASAN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for ASAN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ASAN)

Technology Rank #534 of 714 ⚔️ KC vs ASAN Full Matrix →

1. Head-to-Head Technology Peer Comparison (ASAN vs. KC, VERX, PRCH, NCNO)

Industry: Computer Software: Prepackaged Software (222 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Asana Inc. (Class A) (ASAN) ranks #534 by composite RQD confidence (41/100, grade D-) and #270 by equity capitalization ($2.58B). Within this direct 5-issuer industry benchmark cohort, ASAN leads on earnings valuation at N/A trailing P/E, while PRCH leads on capital efficiency and profitability with 9.1% ROIC and 81.2% gross margin. PRCH currently holds the highest overall quantitative score in the immediate peer group at 67/100 (C+) compared with ASAN at 41/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
ASAN ACTIVE Asana Inc. (Class A)	D-	41/100	—	89.0%	-35.0%	-4.17%	$2.58B	Benchmark Subject
KC Kingsoft Cloud Holdings Limited	D	45/100	—	15.7%	-9.7%	-5.56%	$2.44B	/kc-vs-asan →
VERX Vertex Inc. (Class A)	D+	53/100	—	64.3%	0.7%	+0.34%	$2.41B	/verx-vs-asan →
PRCH Porch Group Inc.	C+	67/100	—	81.2%	9.1%	+28.16%	$2.77B	/prch-vs-asan →
NCNO nCino Inc.	D+	58/100	—	60.6%	0.2%	-0.97%	$2.37B	/ncno-vs-asan →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-01-31 • CIK 0001477720

In its most recent audited fiscal period (FY2025, filed 2026-01-31), Asana Inc. (Class A) (ASAN) reported GAAP revenue of $790.8M (+9.2% vs. FY2024 revenue of $723.9M , and +21.2% cumulative change since FY2023) , GAAP net income of -$189.0M, operating cash flow of $90.4M, and free cash flow of $86.6M (+825.3% YoY). On the balance sheet, ASAN closed FY2025 with $844.1M in total assets against $0 in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2026-01-31	$790.8M	-$189.0M	$90.4M	$86.6M	$844.1M	—
FY2024 (FY)	2025-01-31	$723.9M	-$255.5M	$14.9M	$9.4M	$891.4M	—
FY2023 (FY)	2024-01-31	$652.5M	-$257.0M	-$17.9M	-$17.9M	—	—

3. ASAN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ASAN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Asana Inc. (Class A) (NYSE: ASAN) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 41/100 at a spot price of $11.26 (-4.17% 1D, market cap $2.58B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 8/20. Across 714 tracked Technology issuers, ASAN ranks #534 in composite RQD confidence.

How does ASAN compare to KC and VERX in the Technology sector?

Within the Technology sector (Computer Software: Prepackaged Software), ASAN carries a Roarable D- (41/100 RQD), trailing P/E of N/A, gross margin of 89.0%, and ROIC of -35.0%. By comparison, KC (Kingsoft Cloud Holdings Limited) holds a D grade (45/100 RQD, P/E N/A, ROIC -9.7%, cap $2.44B) and VERX (Vertex Inc. (Class A)) posts a D+ grade (53/100 RQD, P/E N/A, ROIC 0.7%, cap $2.41B). Among the 5-stock peer group, ASAN leads on earnings multiple (N/A) while PRCH leads on capital efficiency (9.1% ROIC).

What are the biggest fundamental strengths and SEC risk factors for ASAN?

Per ASAN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-01-31, CIK 0001477720), Asana Inc. (Class A) generated $790.8M in revenue (+9.2% YoY), -$189.0M in net income, and $86.6M in free cash flow against $844.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is ASAN trading relative to its 50-day, 200-day, and 52-week technical levels?

ASAN last traded at $11.26 (-4.17% on volume of 4,735,427 shares), positioning the stock +14.78% above its 50-day simple moving average ($9.81) and +38.84% above its 200-day simple moving average ($8.11). Across its 52-week range of $5.38 to $15.28, ASAN sits at the 59.4% percentile with a 14-day RSI of 59.8 (BULLISH MOMENTUM) and an implied next-earnings move of ±11.6% ($9.95 to $12.57).