Asana (NYSE:ASAN – Get Free Report)‘s stock had its “neutral” rating reaffirmed by stock analysts at BTIG Research in a report issued on Friday, Benzinga reports.
Several other equities research analysts have also commented on ASAN. Barclays lowered shares of Asana to an “outperform” rating in a research note on Monday, August 24th. Citizens Jmp restated a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research report on Tuesday, July 7th. KeyCorp reduced their price target on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Morgan Stanley lowered their price target on Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. Finally, 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. Four investment 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, Asana has a consensus rating of “Hold” and an average price target of $9.45.
View Our Latest Stock Report on Asana
Asana Trading Up 2.6%
Asana (NYSE:ASAN – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. During the same period in the prior year, the business earned $0.06 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, equities analysts forecast that Asana will post -0.4 earnings per share for the current fiscal year.
Insider Buying and Selling at Asana
In other news, insider Katie 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 transaction of $35,016.56. Following the completion of the sale, the insider directly owned 176,598 shares of the company’s stock, valued at $1,179,674.64. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of the transaction, the chief accounting officer owned 62,344 shares in the company, valued at $415,211.04. The trade was a 15.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,959 shares of company stock valued at $809,325 over the last quarter. Company insiders own 87.54% of the company’s stock.
Institutional Trading of Asana
A number of hedge funds have recently bought and sold shares of the company. Vident Advisory LLC boosted its stake in Asana by 4.3% in the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after purchasing an additional 930 shares during the period. ProShare Advisors LLC grew its position in Asana by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock worth $225,000 after purchasing an additional 1,188 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Asana by 64.0% during the 2nd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Asana by 5.0% during the 1st 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 during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Asana by 4.8% during the 2nd 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 during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.
More Asana News
Here are the key news stories impacting Asana this week:
- Positive Sentiment: Asana reported fiscal Q2 2027 adjusted earnings of $0.10 per share, above the $0.09 consensus estimate, while revenue rose 9.9% year over year to $216.43 million, exceeding expectations of $214.15 million. Asana Announces Second Quarter Fiscal 2027 Results
- Positive Sentiment: Management raised fiscal 2027 adjusted EPS guidance to $0.37, well above the $0.22 analyst consensus, and forecast revenue of $858.5 million to $863.5 million, broadly in line with the $860.7 million consensus. Asana forecasts FY2027 revenue and Agentic Work Management rollout
- Positive Sentiment: Asana plans to roll out its “Agentic Work Management” offering in mid-September and cited improving retention, stronger upmarket sales momentum and growing adoption of its AI products as potential growth drivers.
- Neutral Sentiment: Third-quarter EPS guidance of $0.08 is above the $0.05 consensus, but revenue guidance of $217 million to $219 million is centered near expectations, offering limited evidence of accelerating top-line growth.
- Negative Sentiment: The stock initially declined after the report despite the earnings beat. Investors appeared focused on Asana’s modest near-term revenue outlook and ongoing profitability concerns, including a negative net margin and negative return on equity. Asana stock reaction to Q3 outlook
Asana Company Profile
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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