Asana (NYSE:ASAN) Upgraded at Wall Street Zen

Asana (NYSE:ASAN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts have also issued reports on ASAN. DA Davidson cut their price target on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley lifted their price target on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. UBS Group dropped their price objective on Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler restated an “overweight” rating and issued a $19.00 target price on shares of Asana in a report on Thursday, September 4th. Finally, Royal Bank Of Canada upped their price target on shares of Asana from $12.00 to $14.00 and gave the company an “underperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Asana presently has an average rating of “Hold” and an average price target of $16.19.

Asana Stock Up 0.1%

Shares of ASAN opened at $14.17 on Friday. The firm has a market cap of $3.35 billion, a P/E ratio of -15.24 and a beta of 0.93. The stock has a 50 day simple moving average of $13.55 and a two-hundred day simple moving average of $14.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.41. Asana has a 1 year low of $11.58 and a 1 year high of $27.77.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. During the same period last year, the firm posted ($0.02) earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, analysts forecast that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Transactions at Asana

In other Asana news, COO Anne Raimondi sold 28,026 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $14.17, for a total value of $397,128.42. Following the completion of the transaction, the chief operating officer directly owned 862,469 shares in the company, valued at $12,221,185.73. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justin Rosenstein sold 1,199,560 shares of Asana stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80. Following the sale, the director owned 1,555,925 shares in the company, valued at approximately $23,696,737.75. The trade was a 43.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,427,928 shares of company stock worth $36,497,981 over the last quarter. 61.28% of the stock is currently owned by insiders.

Institutional Trading of Asana

A number of institutional investors have recently bought and sold shares of ASAN. Jacobs Levy Equity Management Inc. raised its stake in shares of Asana by 17.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after buying an additional 263,251 shares during the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Asana in the third quarter valued at approximately $173,000. PharVision Advisers LLC increased its position in Asana by 61.2% during the third quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock worth $218,000 after purchasing an additional 6,191 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Asana during the 3rd quarter worth $1,004,000. Finally, Voleon Capital Management LP acquired a new stake in shares of Asana during the third quarter valued at about $370,000. 26.21% of the stock is currently owned by institutional investors.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.