Asana, Inc. (NYSE:ASAN) Given Average Rating of “Hold” by Analysts

Shares of Asana, Inc. (NYSE:ASAN) have received an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.9667.

A number of analysts have issued reports on the company. Piper Sandler raised their price target on Asana from $17.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reissued an “underperform” rating and issued a $10.00 price target on shares of Asana in a research note on Wednesday, June 4th. Morgan Stanley decreased their price target on Asana from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 4th. FBN Securities raised Asana to a “strong-buy” rating in a research note on Wednesday, June 4th. Finally, HSBC restated a “reduce” rating and issued a $10.00 price objective (down from $13.00) on shares of Asana in a report on Wednesday, June 4th.

Asana Trading Up 5.7%

Asana stock opened at $14.4750 on Monday. The stock has a market cap of $3.41 billion, a PE ratio of -14.48 and a beta of 1.14. The stock has a 50-day moving average price of $14.03 and a 200 day moving average price of $15.97. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.The firm had revenue of $187.63 million for the quarter, compared to analyst estimates of $185.40 million. During the same period last year, the company earned ($0.06) EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. Equities research analysts predict that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Transactions at Asana

In other news, Director Justin Rosenstein sold 966,576 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total value of $14,537,303.04. Following the transaction, the director directly owned 4,797,091 shares in the company, valued at $72,148,248.64. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dustin A. Moskovitz acquired 225,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was purchased at an average price of $13.58 per share, for a total transaction of $3,055,500.00. Following the completion of the acquisition, the chief executive officer owned 51,711,191 shares in the company, valued at approximately $702,237,973.78. This trade represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,252,530 shares of company stock worth $74,265,100 and sold 3,033,130 shares worth $45,552,218. Company insiders own 61.28% of the company’s stock.

Hedge Funds Weigh In On Asana

Large investors have recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of Asana during the 2nd quarter valued at about $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Asana during the 1st quarter valued at about $28,000. Quarry LP purchased a new stake in shares of Asana during the 4th quarter valued at about $29,000. AlphaQuest LLC raised its holdings in shares of Asana by 825.1% during the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after buying an additional 2,203 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after buying an additional 1,706 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Company Profile

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.