$ASAN

Software stocks rose in the afternoon as easing US-Iran tensions lowered Treasury yields and supported growth-oriented tech, according to the article. It cites AI-driven deal activity including Yellow.ai’s $550 million SPAC merger and AutoRek’s acquisition of Grath. It highlights Snowflake’s shares up 7.5%, with Q1 revenue $1.39B and adjusted EPS $0.39, plus product revenue growth and a raised FY product revenue guide to $5.84B.

After a drop in Treasury yields and concerns easing about the AI investment cycle, enterprise software stocks rose in the afternoon session. Asana (ASAN) gained 6.5%, Paycom (PAYC) 7.2%, Bentley Systems (BSY) 6.2%, PagerDuty (PD) 6.1%, and Upland Software (UPLD) 10.5%. Upland was cited as up 226% YTD and $4.89 per share.

Asana, Inc. (ASAN) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. asan-20260713 0001477720 FALSE 0001477720 2026-07-13 2026-07-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ FORM 8-K __________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of

Stocks including ServiceNow, Workday, and Salesforce fell after IBM issued a second-quarter earnings pre-announcement, citing late-June enterprise budget reprioritization toward servers and related hardware. IBM guided adjusted EPS of $2.93 on $17.2B revenue versus estimates of $3.01 and $17.86B. HubSpot, Workday, and Asana were down about 3-4% while some cybersecurity names rose.

Stocks including ServiceNow, Salesforce, Asana, Sprinklr, and Freshworks rose as investors rotated from oversold semiconductors into enterprise SaaS. ServiceNow gained 4.3% and Salesforce 2.4%. The article cites ServiceNow raising its Now Assist AI contract target to $1.5B and Freshworks’s shares up about 5%, alongside DigitalOcean’s AI RPO and revenue/margin guidance.

Stocks including Tenable (TENB), Asana (ASAN), and Doximity (DOCS) dropped in the afternoon after President Trump said an Iran ceasefire was over and threatened renewed strikes, lifting oil and bond yields and pressuring high-multiple tech. The article cites rate-sensitive software valuations and notes TENB fell 3.9% to $39.21, down from a 52-week high near $40.62.

Asana (NYSE: ASAN) shares rose about 5.5% after Citizens reiterated a “Market Outperform” rating and kept a $15.00 price target ahead of an investor event. Analysts cited expectations Asana could become profitable this year, viewed as a potential catalyst. The stock is volatile and down 41.5% YTD.

Guggenheim’s John DiFucci upgraded Salesforce and ServiceNow to Buy on valuation, saying AI monetization is unlikely near term and AI risks are real; he cited CRM at ~3.7x EV/recurring revenue and NOW’s $125 target at 7.5x EV/NTM recurring revenue. The read-through lifted Asana (+4.9%), Tenable (+6%), and Procore (+5.2%); Tenable also gained on FedRAMP High/IL5 certification for Tenable One Cloud Exposure.

Rogers Daniel Mark (Chief Executive Officer) sold 26,975 shares of Asana, Inc. (ASAN) at $6.66 ($0.18M total) on 2026-06-22.

After the Federal Reserve held its benchmark rate at 3.5%–3.75% and raised its median year-end estimate from 3.4% to 3.8% (implying no 2026 cut and possible hikes), software stocks fell. Asana fell 3.8%, Paylocity fell 3.8%, and Zeta Global fell 3.7%. The 2-year Treasury yield rose 11 bps to 4.161%.