Asana (NYSE:ASAN) Hits New 1-Year Low – Here’s Why

Asana, Inc. (NYSE:ASAN)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $10.22 and last traded at $10.5550, with a volume of 1781311 shares changing hands. The stock had previously closed at $11.11.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASAN shares. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. UBS Group dropped their price objective on Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Royal Bank Of Canada cut their target price on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, January 5th. DA Davidson decreased their target price on Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Asana presently has a consensus rating of “Hold” and an average price target of $16.11.

Asana Stock Performance

The company has a market capitalization of $2.48 billion, a P/E ratio of -11.25 and a beta of 0.91. The business has a 50 day moving average of $13.01 and a 200 day moving average of $13.65. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, sell-side analysts predict that Asana, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Asana

In other Asana news, Director Justin Rosenstein sold 850,233 shares of Asana stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the transaction, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This trade represents a 80.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the completion of the sale, the chief financial officer owned 993,037 shares in the company, valued at approximately $14,210,359.47. This trade represents a 7.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,127,448 shares of company stock worth $16,825,400 over the last 90 days. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Several institutional investors have recently modified their holdings of ASAN. 180 Wealth Advisors LLC increased its stake in Asana by 7.2% in the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock worth $145,000 after purchasing an additional 722 shares during the period. Vident Advisory LLC grew its stake in shares of Asana by 4.3% during the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after acquiring an additional 930 shares during the last quarter. Blue Trust Inc. raised its stake in Asana by 3.6% in the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock worth $369,000 after acquiring an additional 968 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Asana by 13.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock valued at $129,000 after acquiring an additional 1,115 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Asana by 6.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock valued at $262,000 after buying an additional 1,200 shares during the last quarter. 26.21% of the stock is owned by institutional investors.

Asana Company Profile

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.