Asana (NYSE:ASAN) Releases FY26 Earnings Guidance

Asana (NYSE:ASAN) updated its FY26 earnings guidance on Monday. The company provided earnings per share guidance of $0.19-$0.20 for the period, compared to the consensus earnings per share estimate of $0.00. The company issued revenue guidance of $782.0-$790.0 million, compared to the consensus revenue estimate of $803.47 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Asana Trading Down 8.5 %

Shares of Asana stock opened at $16.69 on Tuesday. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -14.90 and a beta of 1.13. Asana has a fifty-two week low of $11.05 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day moving average of $20.55 and a 200 day moving average of $16.87.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ASAN. JMP Securities raised their price target on Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday, December 6th. Morgan Stanley increased their price objective on Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Piper Sandler reiterated an “overweight” rating and issued a $27.00 price objective on shares of Asana in a research note on Thursday, February 6th. KeyCorp upgraded Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price objective on the stock in a research note on Friday, December 6th. Finally, Oppenheimer increased their price objective on Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.73.

Insider Activity

In other news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the sale, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Justin Rosenstein sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the sale, the director now directly owns 1,847,309 shares of the company’s stock, valued at approximately $40,031,186.03. This trade represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 723,300 shares of company stock valued at $15,161,068 in the last ninety days. Company insiders own 63.97% of the company’s stock.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.