Asana, Inc. (NYSE:ASAN – Get Free Report) CAO Veronica Sosa sold 11,378 shares of the company’s stock in a transaction 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 directly owned 62,344 shares in the company, valued at $415,211.04. This represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Asana Stock Performance
ASAN opened at $6.96 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of -10.09 and a beta of 1.02. The company has a 50-day moving average of $6.84 and a 200-day moving average of $8.62. Asana, Inc. has a 1-year low of $5.38 and a 1-year high of $15.71.
Asana (NYSE:ASAN – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The business had revenue of $205.09 million during the quarter, compared to the consensus estimate of $203.58 million. During the same period last year, the firm earned $0.05 earnings per share. The company’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. As a group, sell-side analysts expect that Asana, Inc. will post -0.4 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Asana
Analysts Set New Price Targets
Several equities analysts recently issued reports on ASAN shares. Citigroup restated a “market outperform” rating on shares of Asana in a research note on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and set a $15.00 target price on shares of Asana in a report on Friday, May 29th. Wall Street Zen upgraded shares of Asana from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Morgan Stanley lowered their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and issued a $8.00 target price on shares of Asana in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Asana presently has a consensus rating of “Hold” and a consensus price target of $9.27.
View Our Latest Research Report on ASAN
About Asana
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.
See Also
- Five stocks we like better than Asana
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for Asana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asana and related companies with MarketBeat.com's FREE daily email newsletter.
