Wall Street Zen Downgrades Asana (NYSE:ASAN) to Hold

Asana (NYSE:ASAN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research note on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price target on shares of Asana in a research note on Thursday, September 4th. Robert W. Baird raised their price target on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Finally, Morgan Stanley lifted their price target on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.10.

Asana Stock Down 0.5%

ASAN opened at $13.92 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -15.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day simple moving average is $13.97 and its 200-day simple moving average is $14.81. Asana has a twelve month low of $11.58 and a twelve month high of $27.77.

Asana (NYSE:ASAN) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. Asana’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Equities research analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Asana news, Director Justin Rosenstein sold 1,199,560 shares of Asana stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total value of $18,269,298.80. Following the sale, the director directly owned 1,555,925 shares in the company, valued at approximately $23,696,737.75. The trade was a 43.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dustin A. Moskovitz acquired 225,000 shares of Asana stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $14.48 per share, with a total value of $3,258,000.00. Following the completion of the purchase, the director owned 55,755,999 shares in the company, valued at approximately $807,346,865.52. The trade was a 0.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,267,437 shares of company stock valued at $45,903,991 and sold 4,508,618 shares valued at $67,834,900. 61.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new stake in shares of Asana in the 2nd quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new stake in Asana during the first quarter worth $28,000. Farther Finance Advisors LLC lifted its stake in Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after acquiring an additional 1,391 shares during the last quarter. AlphaQuest LLC lifted its stake in Asana by 825.1% in the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after acquiring an additional 2,203 shares during the last quarter. Finally, Quarry LP grew its position in shares of Asana by 104.8% in the 1st quarter. Quarry LP now owns 2,906 shares of the company’s stock valued at $42,000 after acquiring an additional 1,487 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Company Profile

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.