Asana, Inc. (NYSE:ASAN) Receives $9.27 Consensus Price Target from Brokerages

Shares of Asana, Inc. (NYSE:ASAN) have been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.2727.

ASAN has been the subject of a number of recent analyst reports. Barclays downgraded Asana to an “outperform” rating in a report on Monday, August 24th. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, August 5th. Wall Street Zen cut Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Royal Bank Of Canada increased their price target on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Finally, KeyCorp reduced their price objective on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th.

Asana Stock Performance

ASAN opened at $10.05 on Friday. The company has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $7.36. Asana has a 52 week low of $5.38 and a 52 week high of $15.71. The firm has a market capitalization of $2.32 billion, a PE ratio of -14.57 and a beta of 0.95.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company had revenue of $216.43 million for the quarter, compared to the consensus estimate of $214.15 million. During the same quarter in the prior year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Equities analysts forecast that Asana will post -0.4 EPS for the current year.

Insider Activity

In other news, CFO Aziz Megji sold 13,239 shares of Asana stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $6.73, for a total transaction of $89,098.47. Following the transaction, the chief financial officer directly owned 765,389 shares of the company’s stock, valued at $5,151,067.97. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Colendich sold 5,242 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.68, for a total transaction of $35,016.56. Following the completion of the transaction, the insider directly owned 176,598 shares of the company’s stock, valued at $1,179,674.64. This trade represents a 2.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 119,959 shares of company stock valued at $809,325. 87.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Asana

Large investors have recently modified their holdings of the business. Optiver Holding B.V. lifted its holdings in shares of Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after purchasing an additional 5,002 shares in the last quarter. Performa Ltd US LLC increased its stake in Asana by 335.1% during the 1st quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after purchasing an additional 4,775 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Asana during the 4th quarter worth approximately $50,000. Summit Securities Group LLC acquired a new stake in Asana during the 1st quarter worth approximately $53,000. Finally, Daiwa Securities Group Inc. raised its holdings in Asana by 64.0% during the 2nd 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 period. 26.21% of the stock is currently owned by institutional investors.

Key Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal second-quarter earnings of $0.10 per share, above the $0.09 consensus estimate and up from $0.06 a year earlier. Revenue rose 9.9% year over year to $216.43 million, also exceeding expectations. Asana Q2 earnings and revenues top estimates
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $0.37, well above the $0.22 analyst consensus. Full-year revenue guidance of $858.5 million to $863.5 million is broadly in line with the $860.7 million consensus. Asana Q2 2027 earnings
• Positive Sentiment: Asana said retention is improving, its upmarket business is accelerating, and demand for its artificial-intelligence products is gaining momentum, offering potential support for future growth. Asana announces second-quarter fiscal 2027 results
• Neutral Sentiment: Third-quarter EPS guidance of $0.08 exceeds the $0.05 consensus, while revenue guidance of $217 million to $219 million is essentially in line with the $218.2 million estimate. Brokerages maintain a consensus “Hold” recommendation. Asana receives consensus Hold recommendation
• Negative Sentiment: Despite the earnings beat, reports indicated that shares fell sharply in extended trading because investors viewed the third-quarter revenue outlook as underwhelming and remained concerned about the pace of growth. Asana stock outlook disappoints

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.