Asana (NYSE:ASAN) Releases Q1 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its first quarter 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.070-0.080 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of $202.5 million-$204.5 million, compared to the consensus revenue estimate of $204.5 million. Asana also updated its FY 2027 guidance to 0.360-0.370 EPS.

Asana Price Performance

Shares of ASAN opened at $7.50 on Wednesday. The business’s 50-day moving average is $10.29 and its two-hundred day moving average is $12.57. The company has a market capitalization of $1.78 billion, a P/E ratio of -9.37 and a beta of 1.01. Asana has a fifty-two week low of $6.51 and a fifty-two week high of $19.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Asana had a negative return on equity of 71.50% and a negative net margin of 23.90%.The business had revenue of $205.57 million during the quarter, compared to analysts’ expectations of $205.13 million. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts predict that Asana will post -1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ASAN. Jefferies Financial Group lowered their price objective on Asana from $15.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. 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 cut their price objective on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp decreased their price objective on shares of Asana from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Asana currently has a consensus rating of “Hold” and a consensus target price of $12.46.

Insider Transactions at Asana

In related news, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the completion of the transaction, the director owned 210,398 shares in the company, valued at $3,181,217.76. This represents a 80.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $889,581.15. Following the completion of the transaction, the chief operating officer directly owned 702,013 shares in the company, valued at $10,045,806.03. This represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,127,448 shares of company stock valued at $16,825,400 over the last 90 days. Corporate insiders own 61.28% of the company’s stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat consensus (EPS $0.08 vs $0.07; revenue $205.6M) and management highlighted improving profitability and AI product investments — gives near-term support to the stock. Zacks: Asana Tops Q4
• Positive Sentiment: Asana promoted Aziz Megji to CFO (effective March 24) — an internal succession that reduces disruption risk after the outgoing CFO’s departure. BusinessWire: Asana Appoints Aziz Megji
• Positive Sentiment: Some analysts remain constructive: KeyCorp raised/assigned a $15 PT (overweight) and Citigroup set a $13 PT (buy), reflecting upside expectations if AI adoption and product-led growth accelerate. AmericanBankingNews: KeyCorp $15 PT Benzinga: Citigroup $13 PT
• Neutral Sentiment: FY27 and Q1 guidance were essentially in line with consensus on EPS and only marginally below revenue estimates — this reduces downside surprises but leaves growth questions intact. (Company guidance and slide deck). Asana FY27 Guidance / Slide Deck
• Negative Sentiment: Multiple brokerages cut price targets and/or turned more cautious (UBS to $9 neutral, Morgan Stanley to $8 underweight, RBC to $7 underperform, Piper Sandler/Baird trimmed to $9) — a heavy set of downgrades that can pressure the stock and signal skepticism about sustained revenue acceleration. AmericanBankingNews: UBS $9 PT Benzinga: Analyst Cuts (MS, RBC, Piper/Baird)
• Negative Sentiment: The outgoing CFO’s resignation drew headlines (reported separately) — even with an internal replacement named, turnover at the finance lead can raise short-term execution concerns for some investors. Yahoo Finance: CFO Resigns

Institutional Trading of Asana

Several large investors have recently made changes to their positions in ASAN. Bank of America Corp DE raised its position in shares of Asana by 22.7% in the second quarter. Bank of America Corp DE now owns 576,390 shares of the company’s stock valued at $7,781,000 after buying an additional 106,756 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Asana by 12.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 122,400 shares of the company’s stock valued at $1,652,000 after acquiring an additional 13,200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Asana by 5.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,168 shares of the company’s stock valued at $691,000 after acquiring an additional 2,622 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Asana by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,327 shares of the company’s stock valued at $706,000 after acquiring an additional 2,373 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in Asana in the 2nd quarter worth approximately $2,169,000. 26.21% of the stock is currently owned by hedge funds and other 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.