Analysts Set Asana, Inc. (NYSE:ASAN) PT at $9.27

Asana, Inc. (NYSE:ASAN) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.2727.

A number of analysts have commented on ASAN shares. Royal Bank Of Canada upped their target price on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. UBS Group reissued a “neutral” rating and set a $8.00 price objective on shares of Asana in a research report on Friday, May 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Asana in a report on Friday, May 29th. Finally, Morgan Stanley lowered their target price on Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, May 29th.

Asana Stock Performance

ASAN stock opened at $7.57 on Thursday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -10.96 and a beta of 0.97. The business’s 50-day moving average is $7.09 and its two-hundred day moving average is $7.94. Asana has a fifty-two week low of $5.38 and a fifty-two week high of $15.71.

Asana (NYSE:ASAN) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm had revenue of $205.09 million during the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Equities analysts predict that Asana will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Veronica Sosa sold 11,378 shares of the 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 $75,777.48. Following the completion of the sale, the chief accounting officer directly owned 62,344 shares of the company’s stock, valued at approximately $415,211.04. This represents a 15.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katie Marie Colendich sold 8,337 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total transaction of $56,191.38. Following the sale, the insider owned 181,840 shares in the company, valued at approximately $1,225,601.60. The trade was a 4.38% decrease in their position. 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 sold 118,304 shares of company stock worth $792,775 over the last ninety days. 61.28% of the stock is owned by corporate insiders.

Institutional Trading of Asana

Several institutional investors and hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB lifted its stake in shares of Asana by 41.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 32,900 shares of the company’s stock valued at $230,000 after buying an additional 9,700 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in Asana by 20.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 27,637 shares of the company’s stock worth $193,000 after buying an additional 4,655 shares in the last quarter. Optiver Holding B.V. raised its holdings in Asana by 2,008.8% during the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after acquiring an additional 5,002 shares during the period. Bank of America Corp DE raised its holdings in Asana by 92.6% during the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after acquiring an additional 1,075,572 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Asana by 2,925.2% in the first quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock valued at $1,157,000 after acquiring an additional 174,663 shares in the last quarter. 26.21% of the stock is currently owned by 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.