Asana (NYSE:ASAN) Releases FY 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.370-0.370 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $858.5 million-$863.5 million, compared to the consensus revenue estimate of $860.7 million. Asana also updated its Q3 2027 guidance to 0.080-0.080 EPS.

Asana Price Performance

NYSE ASAN opened at $10.05 on Friday. Asana has a one year low of $5.38 and a one year high of $15.71. The firm has a market cap of $2.32 billion, a P/E ratio of -14.57 and a beta of 0.95. The stock’s 50-day moving average is $8.40 and its 200-day moving average is $7.36.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.15 million. During the same period in the previous year, the firm earned $0.06 EPS. Asana’s quarterly revenue was up 9.9% compared to the same quarter last year. 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 anticipate that Asana will post -0.4 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ASAN. DA Davidson reiterated a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday, May 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Wednesday, August 5th. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Barclays lowered shares of Asana to an “outperform” rating in a research note on Monday, August 24th. Finally, Royal Bank Of Canada increased their target price on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.27.

Insider Transactions at Asana

In other news, CFO Aziz Megji sold 13,239 shares of Asana stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $6.73, for a total value of $89,098.47. Following the sale, the chief financial officer directly owned 765,389 shares in the company, valued at $5,151,067.97. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $75,777.48. Following the completion of the sale, the chief accounting officer owned 62,344 shares in the company, valued at $415,211.04. This trade represents a 15.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 119,959 shares of company stock worth $809,325. 87.54% of the stock is currently owned by insiders.

Key Stories Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal Q2 2027 adjusted earnings of $0.10 per share, above the $0.09 consensus estimate, while revenue rose 9.9% year over year to $216.43 million, exceeding expectations of $214.15 million. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Management raised fiscal 2027 adjusted EPS guidance to $0.37, well above the $0.22 analyst consensus, and forecast revenue of $858.5 million to $863.5 million, broadly in line with the $860.7 million consensus. Asana forecasts FY2027 revenue and Agentic Work Management rollout
• Positive Sentiment: Asana plans to roll out its “Agentic Work Management” offering in mid-September and cited improving retention, stronger upmarket sales momentum and growing adoption of its AI products as potential growth drivers.
• Neutral Sentiment: Third-quarter EPS guidance of $0.08 is above the $0.05 consensus, but revenue guidance of $217 million to $219 million is centered near expectations, offering limited evidence of accelerating top-line growth.
• Negative Sentiment: The stock initially declined after the report despite the earnings beat. Investors appeared focused on Asana’s modest near-term revenue outlook and ongoing profitability concerns, including a negative net margin and negative return on equity. Asana stock reaction to Q3 outlook

Institutional Investors Weigh In On Asana

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Asana by 12.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock valued at $71,492,000 after acquiring an additional 565,681 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Asana by 53.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after acquiring an additional 977,107 shares in the last quarter. Marshall Wace LLP raised its holdings in Asana by 35.1% during the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after acquiring an additional 689,546 shares in the last quarter. Geode Capital Management LLC boosted its position in Asana by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,077,529 shares of the company’s stock valued at $28,488,000 after purchasing an additional 10,034 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Asana by 17.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after purchasing an additional 263,251 shares during the last quarter. 26.21% of the stock is 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.