Asana, Inc. (NYSE:ASAN) Receives Average Recommendation of “Hold” from Analysts

Asana, Inc. (NYSE:ASAN) has been given a consensus rating of “Hold” by the seventeen research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.1071.

A number of analysts have recently commented on ASAN shares. KeyCorp raised Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research note on Monday, December 15th. Royal Bank Of Canada cut their target price on shares of Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research report on Monday, January 5th. BTIG Research started coverage on shares of Asana in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday.

Asana Stock Performance

Shares of Asana stock opened at $11.41 on Thursday. The company’s 50 day moving average price is $13.35 and its two-hundred day moving average price is $13.86. The firm has a market capitalization of $2.70 billion, a P/E ratio of -12.27 and a beta of 0.91. Asana has a fifty-two week low of $11.30 and a fifty-two week high of $24.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 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 company had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the prior year, the company earned ($0.02) EPS. Asana’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, equities analysts forecast that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Asana

In related news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total value of $336,983.52. Following the sale, the chief financial officer directly owned 968,149 shares in the company, valued at $13,108,737.46. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the sale, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This represents a 80.16% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,600,027 shares of company stock worth $23,904,222. Insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

Several large investors have recently modified their holdings of the company. Bogart Wealth LLC bought a new position in Asana during the second quarter worth $27,000. FNY Investment Advisers LLC bought a new stake in Asana during the third quarter valued at $27,000. Jones Financial Companies Lllp grew its holdings in Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,427 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Asana by 119.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after purchasing an additional 1,391 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after purchasing an additional 1,706 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.

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.