Asana (NYSE:ASAN) Upgraded to Strong-Buy at Zacks Research

Posted by Brenda Bartman on Jul 29th, 2026

Zacks Research upgraded shares of Asana (NYSE:ASAN – Free Report) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on ASAN. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Royal Bank Of Canada raised their price objective on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and set a $15.00 price objective on shares of Asana in a report on Tuesday, July 7th. Piper Sandler restated a “neutral” rating and set a $7.00 target price (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.27.

Check Out Our Latest Research Report on Asana

Asana Trading Up 5.6%

NYSE ASAN opened at $8.19 on Monday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -11.86 and a beta of 0.97. The business’s 50 day moving average is $7.28 and its two-hundred day moving average is $7.55. Asana has a 12-month low of $5.38 and a 12-month 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 earnings per share for the quarter, beating 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 firm had revenue of $205.09 million for the quarter, compared to the consensus estimate of $203.58 million. During the same period in the previous year, the business 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. Equities analysts forecast that Asana will post -0.4 earnings per share for the current fiscal year.

Insider Transactions at Asana

In other news, insider Katie Marie Colendich sold 5,242 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the transaction, the insider owned 176,598 shares in the company, valued at $1,179,674.64. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aziz Megji sold 13,239 shares of Asana stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.73, for a total value of $89,098.47. Following the transaction, the chief financial officer directly owned 765,389 shares of the company’s stock, valued at $5,151,067.97. This trade represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 118,304 shares of company stock valued at $792,775 in the last three months. 61.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asana

Large investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. increased its holdings in Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after acquiring an additional 5,002 shares in the last quarter. Performa Ltd US LLC lifted its holdings in shares of Asana by 335.1% in the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock valued at $40,000 after purchasing an additional 4,775 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Asana in the fourth quarter valued at about $50,000. Summit Securities Group LLC acquired a new stake in shares of Asana in the first quarter valued at approximately $53,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Company Profile

(Get Free Report)

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.