Equities Analysts Issue Forecasts for Asana Q1 Earnings

Asana, Inc. (NYSE:ASAN) – Investment analysts at DA Davidson issued their Q1 2026 earnings estimates for shares of Asana in a report released on Tuesday, March 11th. DA Davidson analyst L. Schreiner expects that the company will earn ($0.22) per share for the quarter. DA Davidson has a “Neutral” rating and a $12.00 price objective on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Asana from $19.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday. Citigroup raised their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Bank of America cut their price target on shares of Asana from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley raised their price target on shares of Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $10.00 price target on shares of Asana in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.07.

Asana Stock Down 24.3 %

ASAN stock opened at $12.64 on Wednesday. Asana has a 12-month low of $11.05 and a 12-month high of $27.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -11.28 and a beta of 1.13. The company has a 50 day moving average of $20.40 and a two-hundred day moving average of $16.86.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Asana during the 4th quarter worth approximately $29,000. KBC Group NV raised its holdings in Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC bought a new position in Asana during the 3rd quarter worth approximately $43,000. Bogart Wealth LLC bought a new position in Asana during the 4th quarter worth approximately $61,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Asana in the 4th quarter valued at $82,000. Institutional investors own 26.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director Justin Rosenstein sold 150,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total value of $3,001,500.00. Following the transaction, the director now directly owns 2,047,309 shares in the company, valued at approximately $40,966,653.09. This represents a 6.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Anne Raimondi sold 27,233 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now owns 733,855 shares in the company, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 723,300 shares of company stock valued at $15,161,068. 63.97% of the stock is currently owned by corporate insiders.

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.