Asana (NYSE:ASAN) Trading 10.1% Higher – Here’s Why

Posted by Geri Gentry on Jul 27th, 2026

Asana, Inc. (NYSE:ASAN – Get Free Report) shot up 10.1% on Monday . The company traded as high as $7.56 and last traded at $7.55. 799,193 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,998,384 shares. The stock had previously closed at $6.86.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Friday, May 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. DA Davidson reaffirmed a “neutral” rating and set a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Wall Street Zen cut Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Finally, Piper Sandler reiterated a “neutral” rating and set a $7.00 target price (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Asana has an average rating of “Hold” and a consensus target price of $9.27.

View Our Latest Analysis on Asana

Asana Trading Up 13.3%

The firm has a fifty day moving average of $7.23 and a two-hundred day moving average of $7.63. The company has a market cap of $1.79 billion, a PE ratio of -11.21 and a beta of 0.97.

Asana (NYSE:ASAN – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $205.09 million for the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Sell-side analysts expect that Asana, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In related news, CEO Daniel Mark Rogers sold 13,790 shares of Asana stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total value of $95,013.10. Following the completion of the transaction, the chief executive officer directly owned 1,891,990 shares in the company, valued at approximately $13,035,811.10. The trade was a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aziz Megji sold 13,239 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $6.73, for a total transaction of $89,098.47. Following the sale, the chief financial officer directly owned 765,389 shares in the company, valued at $5,151,067.97. The trade was a 1.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 118,304 shares of company stock worth $792,775. 61.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Asana

Hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its stake in shares of Asana by 41.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 32,900 shares of the company’s stock valued at $230,000 after purchasing an additional 9,700 shares during the period. 180 Wealth Advisors LLC boosted its stake in Asana by 20.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 27,637 shares of the company’s stock worth $193,000 after purchasing an additional 4,655 shares during the period. Optiver Holding B.V. lifted its holdings in shares of Asana by 2,008.8% in the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after buying an additional 5,002 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Asana by 92.6% in the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after acquiring an additional 1,075,572 shares during the period. Finally, Royal Bank of Canada grew its stake in Asana by 2,925.2% during the first quarter. Royal Bank of Canada now owns 180,634 shares of the company’s stock valued at $1,157,000 after acquiring an additional 174,663 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

About Asana

(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.