Asana (NYSE:ASAN) Releases FY 2025 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of -0.150–0.140 for the period, compared to the consensus EPS estimate of -0.190. The company issued revenue guidance of $723.0 million-$724.0 million, compared to the consensus revenue estimate of $720.2 million. Asana also updated its Q4 guidance to $(0.02)-$(0.01) EPS.

Asana Price Performance

Shares of NYSE ASAN opened at $22.19 on Friday. The business has a fifty day simple moving average of $13.17 and a 200-day simple moving average of $13.25. Asana has a 12 month low of $11.05 and a 12 month high of $22.54. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.14.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $179.21 million during the quarter, compared to analyst estimates of $177.68 million. Asana had a negative net margin of 37.73% and a negative return on equity of 81.88%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. On average, research analysts predict that Asana will post -1.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ASAN has been the topic of several research analyst reports. JMP Securities lifted their price objective on shares of Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a report on Friday. Bank of America reduced their price objective on Asana from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Scotiabank lifted their target price on Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Citigroup reduced their price target on shares of Asana from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.53.

Insider Transactions at Asana

In other Asana news, insider Eleanor B. Lacey sold 4,977 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.79, for a total transaction of $58,678.83. Following the completion of the transaction, the insider now owns 370,333 shares in the company, valued at $4,366,226.07. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Anne Raimondi sold 29,807 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the transaction, the chief operating officer now owns 761,088 shares of the company’s stock, valued at $9,125,445.12. This trade represents a 3.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,092 shares of company stock worth $527,668. Insiders own 63.97% of the company’s stock.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.