Asana (NYSE:ASAN – Get Free Report) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.370-0.370 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $855.0 million-$863.5 million, compared to the consensus revenue estimate of $854.2 million. Asana also updated its Q2 2027 guidance to 0.080-0.090 EPS.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on ASAN. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 19th. KeyCorp dropped their price target on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday. Piper Sandler restated a “neutral” rating and set a $7.00 price target (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. Jefferies Financial Group lowered their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Finally, Robert W. Baird lowered their target price on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.96.
Read Our Latest Report on Asana
Asana Price Performance
Asana (NYSE:ASAN – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 69.20%. The business had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $203.58 million. During the same period in the prior year, the company posted $0.05 EPS. The business’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. On average, research analysts anticipate that Asana will post -0.53 EPS for the current year.
Insider Transactions at Asana
In other news, CFO Sonalee Elizabeth Parekh sold 34,151 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $6.65, for a total value of $227,104.15. Following the transaction, the chief financial officer owned 933,998 shares of the company’s stock, valued at $6,211,086.70. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Veronica Sosa sold 6,479 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $6.65, for a total transaction of $43,085.35. Following the completion of the transaction, the chief accounting officer directly owned 73,722 shares in the company, valued at $490,251.30. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,226 shares of company stock valued at $472,065 in the last quarter. Insiders own 61.28% of the company’s stock.
Key Stories Impacting Asana
Here are the key news stories impacting Asana this week:
- Positive Sentiment: Asana reported first-quarter fiscal 2027 earnings and revenue that beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of about $205.1 million, up 9.5% year over year. Asana Announces First Quarter Fiscal 2027 Results
- Positive Sentiment: The company raised its outlook for Q2 and full-year fiscal 2027, with guidance coming in above Wall Street estimates, which suggests management is seeing improving momentum. Asana Announces First Quarter Fiscal 2027 Results
- Positive Sentiment: Asana completed its acquisition of StackAI, a no-code AI workflow platform, reinforcing its push to become an AI-native workplace platform and potentially broadening future automation use cases. Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent Teams
- Positive Sentiment: Several brokerages remained constructive, including Citizens JMP reiterating an outperform rating and Citigroup still rating the stock a buy, even after trimming its price target. Analyst rating updates
- Neutral Sentiment: Asana announced upcoming presentations at investor events, which could help keep the stock in focus but does not change fundamentals on its own. Asana to Present at Upcoming Investor Events
- Neutral Sentiment: Bearish analyst commentary also appeared, including Morgan Stanley cutting its target to $7 and maintaining an underweight rating, reflecting lingering concerns about valuation and growth durability. Morgan Stanley price target update
Hedge Funds Weigh In On Asana
A number of institutional investors have recently made changes to their positions in the stock. Vident Advisory LLC grew its position in Asana by 4.3% during the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after buying an additional 930 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Asana by 64.0% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after purchasing an additional 2,328 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Asana by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 52,327 shares of the company’s stock valued at $706,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Asana by 1.0% during the fourth quarter. Deutsche Bank AG now owns 271,515 shares of the company’s stock valued at $3,722,000 after purchasing an additional 2,755 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.
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.
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