KeyCorp Cuts Asana (NYSE:ASAN) Price Target to $15.00

Asana (NYSE:ASAN) had its price target lowered by KeyCorp from $18.00 to $15.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also recently weighed in on ASAN. Jefferies Financial Group dropped their price target on shares of Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. Piper Sandler lowered their target price on shares of Asana from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank Of Canada lowered their price target on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, January 5th. Finally, Robert W. Baird lowered their price objective on Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday. 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 assigned a Sell rating to the company. Based on data from MarketBeat, Asana currently has an average rating of “Hold” and an average price target of $12.46.

Asana Stock Up 2.1%

ASAN stock opened at $7.91 on Tuesday. The stock has a 50-day simple moving average of $10.06 and a two-hundred day simple moving average of $12.51. Asana has a twelve month low of $6.51 and a twelve month high of $19.00. The firm has a market capitalization of $1.88 billion, a PE ratio of -9.89 and a beta of 1.01. 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 posted its earnings results on Monday, March 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $205.57 million during the quarter, compared to analysts’ expectations of $205.13 million. Asana had a negative return on equity of 71.50% and a negative net margin of 23.90%.The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts predict that Asana will post -1.09 EPS for the current fiscal year.

Insider Activity

In related news, COO Anne Raimondi sold 76,093 shares of Asana stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the completion of the sale, the chief operating officer owned 764,178 shares in the company, valued at $11,057,655.66. This trade represents a 9.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total value of $1,197,117.36. Following the completion of the sale, the chief financial officer owned 993,037 shares of the company’s stock, valued at $14,210,359.47. The trade was a 7.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Asana

A number of large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new position in shares of Asana in the third quarter valued at $27,000. Jones Financial Companies Lllp boosted its stake in shares of Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after buying an additional 1,427 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Asana by 119.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after buying an additional 1,391 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asana during the fourth quarter worth approximately $50,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after buying an additional 1,706 shares during the last quarter. Institutional investors own 26.21% of the company’s stock.

Trending Headlines about Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 2026 earnings call transcript published — the call follows Asana’s recent quarterly report that showed a slight EPS beat and year-over-year revenue growth, giving some investors comfort that execution is intact despite margin pressures. Asana (ASAN) Q4 2026 Earnings Call Transcript
• Positive Sentiment: KeyCorp issued a new $15.00 price target — a notable outlier among the recent rounds of cuts, providing a counterpoint that some analysts still see upside if Asana can accelerate growth or improve margins. Asana (NYSE:ASAN) Given New $15.00 Price Target at KeyCorp
• Neutral Sentiment: Management presentation at the Morgan Stanley TMT conference released as a transcript — investors will parse commentary for product adoption, enterprise traction and margin plans; this is informational and may support sentiment if management highlights durable demand. Asana, Inc. (ASAN) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Negative Sentiment: Multiple brokerages cut price targets or expressed pessimism — Morgan Stanley lowered its target to $8.00, Piper Sandler and UBS trimmed to $9.00, Citigroup cut to $13.00, and Royal Bank of Canada and Robert W. Baird issued downbeat views. The cluster of downgrades signals analyst skepticism on near-term growth and margin recovery, which can pressure the stock. Morgan Stanley Lowers Asana (NYSE:ASAN) Price Target to $8.00 Asana (NYSE:ASAN) Price Target Lowered to $9.00 at Piper Sandler Asana (NYSE:ASAN) Given New $9.00 Price Target at UBS Group Royal Bank Of Canada Has Lowered Expectations for Asana (NYSE:ASAN) Stock Price Robert W. Baird Issues Pessimistic Forecast for Asana (NYSE:ASAN) Stock Price Citigroup Lowers Asana (NYSE:ASAN) Price Target to $13.00

About Asana

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.