Asana (NYSE:ASAN) Stock Rating Upgraded by Wall Street Zen

Asana (NYSE:ASAN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

A number of other brokerages have also commented on ASAN. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price target for the company in a research note on Monday, December 15th. BTIG Research began coverage on shares of Asana in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Royal Bank Of Canada reduced their target price on shares of Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Monday, January 5th. Finally, Citigroup lowered their price target on shares of Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. 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 given a Sell rating to the stock. According to MarketBeat.com, Asana has an average rating of “Hold” and an average price target of $16.11.

Asana Stock Performance

Shares of ASAN stock opened at $12.97 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. Asana has a 52 week low of $11.58 and a 52 week high of $24.50. The company’s 50 day moving average price is $13.43 and its two-hundred day moving average price is $13.88. The company has a market capitalization of $3.07 billion, a P/E ratio of -13.94 and a beta of 0.91.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. 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 expect that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Justin Rosenstein sold 850,233 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the sale, the director directly owned 210,398 shares in the company, valued at approximately $3,181,217.76. This trade represents a 80.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Anne Raimondi sold 76,093 shares of Asana stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71. Following the transaction, the chief operating officer owned 764,178 shares of the company’s stock, valued at $11,057,655.66. The trade was a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,600,027 shares of company stock valued at $23,904,222 in the last quarter. Company insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in Asana by 58.4% in the 4th quarter. SG Americas Securities LLC now owns 65,810 shares of the company’s stock worth $902,000 after purchasing an additional 24,261 shares in the last quarter. Diversified Trust Co. raised its position in shares of Asana by 12.4% in the fourth quarter. Diversified Trust Co. now owns 16,468 shares of the company’s stock valued at $226,000 after buying an additional 1,822 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Asana by 6.8% in the fourth quarter. 180 Wealth Advisors LLC now owns 12,489 shares of the company’s stock valued at $171,000 after buying an additional 798 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Asana in the fourth quarter valued at approximately $230,000. Finally, FNY Investment Advisers LLC acquired a new stake in Asana during the third quarter worth approximately $27,000. 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.