Asana (NYSE:ASAN) Sets New 1-Year Low – Should You Sell?

Asana, Inc. (NYSE:ASAN) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.60 and last traded at $6.7250, with a volume of 3204199 shares changing hands. The stock had previously closed at $7.26.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. DA Davidson reduced their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. HSBC set a $8.00 price target on Asana in a research report on Friday, February 13th. Finally, KeyCorp raised Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Asana currently has a consensus rating of “Hold” and an average target price of $14.96.

Asana Price Performance

The stock’s fifty day moving average price is $10.98 and its 200-day moving average price is $12.79. The firm has a market cap of $1.70 billion, a PE ratio of -7.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm had revenue of $201.03 million for the quarter, compared to analyst estimates of $198.78 million. During the same period in the previous year, the business posted ($0.02) earnings per share. Asana’s quarterly revenue was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, equities analysts expect that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Insider Transactions at Asana

In related news, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the sale, the director owned 210,398 shares of the company’s stock, valued at approximately $3,181,217.76. This represents a 80.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total value of $1,197,117.36. Following the completion of the transaction, the chief financial officer directly owned 993,037 shares in the company, valued at approximately $14,210,359.47. This trade represents a 7.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,127,448 shares of company stock worth $16,825,400 in the last quarter. Company insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Asana by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after buying an additional 2,328 shares in the last quarter. Empowered Funds LLC increased its position in shares of Asana by 40.9% during the first quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after acquiring an additional 7,381 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Asana by 14.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after acquiring an additional 32,708 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Asana by 491.5% in the second quarter. AlphaQuest LLC now owns 14,611 shares of the company’s stock valued at $197,000 after acquiring an additional 12,141 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Asana by 402.9% in the second quarter. Y Intercept Hong Kong Ltd now owns 274,702 shares of the company’s stock valued at $3,708,000 after purchasing an additional 220,079 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.