Asana, Inc. (NYSE:ASAN) Receives Consensus Recommendation of “Hold” from Brokerages

Asana, Inc. (NYSE:ASAN) has been given an average recommendation of “Hold” by the sixteen brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.10.

Several research firms have weighed in on ASAN. 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. JMP Securities reissued a “market outperform” rating and issued a $22.00 target price on shares of Asana in a research note on Wednesday, June 4th. Morgan Stanley boosted their price target on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. FBN Securities upgraded Asana to a “strong-buy” rating in a report on Wednesday, June 4th. Finally, Scotiabank boosted their price target on Asana from $12.00 to $16.50 and gave the company a “sector perform” rating in a report on Wednesday, June 4th.

Insider Transactions at Asana

In other Asana news, CEO Dustin A. Moskovitz purchased 225,000 shares of Asana stock in a transaction that occurred on Tuesday, July 1st. The shares were bought at an average price of $13.58 per share, for a total transaction of $3,055,500.00. Following the acquisition, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Justin Rosenstein sold 966,576 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total transaction of $14,537,303.04. Following the completion of the transaction, the director directly owned 4,797,091 shares of the company’s stock, valued at approximately $72,148,248.64. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 5,375,000 shares of company stock worth $75,920,894 and have sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is owned by insiders.

Hedge Funds Weigh In On Asana

A number of institutional investors have recently bought and sold shares of ASAN. Northern Trust Corp raised its stake in Asana by 2.3% in the fourth quarter. Northern Trust Corp now owns 811,316 shares of the company’s stock worth $16,445,000 after buying an additional 18,599 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Asana in the fourth quarter worth about $352,000. BNP Paribas Financial Markets bought a new position in Asana in the fourth quarter worth about $653,000. Balyasny Asset Management L.P. bought a new position in Asana in the fourth quarter worth about $458,000. Finally, Deutsche Bank AG raised its stake in Asana by 30.4% in the fourth quarter. Deutsche Bank AG now owns 184,843 shares of the company’s stock worth $3,747,000 after buying an additional 43,053 shares in the last quarter. 26.21% of the stock is owned by institutional investors.

Asana Stock Performance

Asana stock opened at $13.65 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.22 billion, a PE ratio of -15.34 and a beta of 1.14. The firm has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $15.02. Asana has a twelve month low of $11.08 and a twelve month high of $27.77.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $196.94 million during the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Research analysts expect that Asana will post -1.09 EPS for the current year.

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.