Asana (ASAN) to Release Quarterly Earnings on Thursday

Asana (NYSE:ASAN) is expected to issue its Q2 2027 results after the market closes on Thursday, September 3rd. Analysts expect the company to post earnings of $0.0875 per share and revenue of $214.1510 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2027 earning report page for the latest details on the call scheduled for Thursday, September 3, 2026 at 4:30 PM ET.

Asana Trading Down 4.2%

Shares of Asana stock opened at $9.83 on Wednesday. The company has a market cap of $2.27 billion, a PE ratio of -14.25 and a beta of 0.95. The company has a 50 day moving average of $8.26 and a 200-day moving average of $7.33. Asana has a 1-year low of $5.38 and a 1-year high of $15.71.

Analysts Set New Price Targets

Several research firms have recently issued reports on ASAN. UBS Group reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research note on Friday, May 29th. Morgan Stanley reduced their target price on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. Citizens Jmp restated a “market outperform” rating and issued a $15.00 price target on shares of Asana in a research report on Tuesday, July 7th. DA Davidson reiterated a “neutral” rating and set a $8.00 price target on shares of Asana in a report on Friday, May 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.27.

Insider Activity

In other news, CEO Daniel Mark Rogers sold 26,975 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $179,653.50. Following the transaction, the chief executive officer owned 1,905,780 shares in the company, valued at approximately $12,692,494.80. The trade was a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aziz Megji sold 31,696 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $211,095.36. Following the completion of the sale, the chief financial officer directly owned 778,628 shares in the company, valued at approximately $5,185,662.48. This represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 119,959 shares of company stock worth $809,325 in the last 90 days. 87.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its stake in Asana by 18.3% during the fourth quarter. Invesco Ltd. now owns 106,753 shares of the company’s stock worth $1,464,000 after purchasing an additional 16,500 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Asana during the 4th quarter worth approximately $211,000. XTX Topco Ltd grew its position in shares of Asana by 213.4% during the 4th quarter. XTX Topco Ltd now owns 235,451 shares of the company’s stock worth $3,228,000 after buying an additional 160,329 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in shares of Asana by 663.4% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 109,178 shares of the company’s stock valued at $1,497,000 after acquiring an additional 94,876 shares in the last quarter. Finally, Occudo Quantitative Strategies LP lifted its position in shares of Asana by 76.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 156,282 shares of the company’s stock valued at $2,143,000 after acquiring an additional 67,560 shares during the period. 26.21% of the stock is owned by institutional investors.

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.