Asana (NYSE:ASAN) Issues FY 2027 Earnings Guidance

Posted by Geri Gentry on Sep 3rd, 2026

Asana (NYSE:ASAN – Get Free Report) updated its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.370-0.370 for the period, compared to the consensus estimate of 0.220. The company issued revenue guidance of $858.5 million-$863.5 million, compared to the consensus revenue estimate of $860.7 million. Asana also updated its Q3 2027 guidance to 0.080-0.080 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada lifted 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. UBS Group reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Asana in a report on Friday, May 29th. KeyCorp lowered their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a research note on Monday, August 24th. Finally, Citizens Jmp restated a “market outperform” rating and set a $15.00 price objective on shares of Asana in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.27.

View Our Latest Stock Analysis on ASAN

Asana Stock Performance

Shares of ASAN traded up $0.25 during mid-day trading on Thursday, hitting $10.05. The company’s stock had a trading volume of 10,083,922 shares, compared to its average volume of 5,872,639. The stock’s 50-day moving average is $8.32 and its two-hundred day moving average is $7.34. Asana has a one year low of $5.38 and a one year high of $15.71. The firm has a market capitalization of $2.32 billion, a PE ratio of -14.57 and a beta of 0.95.

Asana (NYSE:ASAN – Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $216.43 million during the quarter, compared to analysts’ expectations of $214.15 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Analysts expect that Asana will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Katie Colendich sold 8,337 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total transaction of $56,191.38. Following the sale, the insider owned 181,840 shares in the company, valued at approximately $1,225,601.60. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Rogers sold 26,975 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $179,653.50. Following the transaction, the chief executive officer owned 1,905,780 shares in the company, valued at $12,692,494.80. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 119,959 shares of company stock valued at $809,325. 87.54% of the stock is owned by insiders.

More Asana News

Here are the key news stories impacting Asana this week:

Positive Sentiment: Quarterly results exceeded expectations: Asana reported earnings of $0.10 per share versus the $0.09 consensus estimate, while revenue of $216.43 million topped expectations of $214.15 million. Earnings also improved from $0.06 per share a year earlier. Asana Q2 Earnings and Revenues Top Estimates
Positive Sentiment: Full-year guidance was raised above analyst expectations: Asana forecast fiscal 2027 earnings of $0.37 per share, compared with the $0.22 consensus estimate. Full-year revenue guidance of $858.5 million to $863.5 million was broadly in line with the $860.7 million consensus. Asana Q2 2027 Earnings and Guidance
Neutral Sentiment: Management cited improving business momentum: Asana said retention is strengthening, its upmarket sales strategy is accelerating, and demand for its artificial-intelligence products is gaining traction across industries and geographies. Asana Announces Second Quarter Fiscal 2027 Results
Negative Sentiment: Near-term outlook disappointed some investors: Third-quarter revenue guidance of $217 million to $219 million was essentially in line with the $218.2 million consensus, while adjusted EPS guidance of $0.08 exceeded the $0.05 estimate. Despite the EPS beat, reports characterized the outlook as soft, prompting selling in extended trading. Asana Stock Outlook Disappoints

Institutional Investors Weigh In On Asana

Several hedge funds have recently bought and sold shares of ASAN. Arrowstreet Capital Limited Partnership grew its holdings in shares of Asana by 12.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock worth $71,492,000 after buying an additional 565,681 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Asana by 53.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after purchasing an additional 977,107 shares during the period. Marshall Wace LLP grew its position in shares of Asana by 35.1% in the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after purchasing an additional 689,546 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Asana by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,077,529 shares of the company’s stock valued at $28,488,000 after acquiring an additional 10,034 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in Asana by 17.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock worth $23,969,000 after buying an additional 263,251 shares in the last quarter. 26.21% of the stock is currently 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.