Royal Bank Of Canada Has Lowered Expectations for Asana (NYSE:ASAN) Stock Price

Asana (NYSE:ASAN) had its price target lowered by research analysts at Royal Bank Of Canada from $14.00 to $11.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 15.93% from the company’s current price.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded Asana from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. UBS Group dropped their target price on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. DA Davidson reduced 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, December 3rd. Finally, KeyCorp upgraded shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.11.

Asana Stock Performance

Shares of NYSE ASAN opened at $13.09 on Monday. The stock’s 50-day moving average is $13.46 and its 200 day moving average is $13.88. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -14.07 and a beta of 0.91. Asana has a 1-year low of $11.58 and a 1-year high of $24.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The firm had revenue of $201.03 million for the quarter, compared to analysts’ expectations of $198.78 million. During the same period last year, the firm earned ($0.02) earnings per share. The company’s revenue for the quarter 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, sell-side analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the completion of the transaction, the chief financial officer directly owned 993,037 shares of the company’s stock, valued at approximately $14,210,359.47. The trade was a 7.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anne Raimondi sold 76,093 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $14.47, for a total value of $1,101,065.71. Following the transaction, the chief operating officer directly owned 764,178 shares in the company, valued at approximately $11,057,655.66. This represents a 9.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,814,087 shares of company stock worth $42,392,036 over the last 90 days. Corporate insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of Asana by 8,850.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after acquiring an additional 1,151,369 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Asana by 117.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock valued at $9,092,000 after purchasing an additional 336,641 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Asana by 186.0% in the first quarter. AQR Capital Management LLC now owns 512,280 shares of the company’s stock valued at $7,367,000 after purchasing an additional 333,165 shares during the period. Inceptionr LLC acquired a new stake in shares of Asana in the second quarter worth $322,000. Finally, Woodline Partners LP boosted its holdings in shares of Asana by 700.1% during the 1st quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock worth $10,035,000 after buying an additional 602,638 shares during the period. Hedge funds and other 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.