Asana, Inc. (NYSE:ASAN) Receives Consensus Rating of “Hold” from Brokerages

Asana, Inc. (NYSE:ASAN) has received an average rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.75.

Several brokerages have commented on ASAN. BTIG Research initiated coverage on shares of Asana in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. 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. Piper Sandler lowered their price objective on shares of Asana from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their target price on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, January 5th.

Asana Trading Up 3.7%

ASAN opened at $8.77 on Monday. Asana has a one year low of $8.35 and a one year 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. The business has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $13.39. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -9.43 and a beta of 0.95.

Asana (NYSE:ASAN) last posted its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm earned ($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. Analysts predict that Asana will post -1.09 EPS for the current year.

Insider Buying and Selling at Asana

In related news, COO Anne Raimondi sold 76,093 shares of Asana stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the completion of the transaction, the chief operating officer directly owned 764,178 shares of the company’s stock, valued at $11,057,655.66. This trade represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the sale, the chief financial officer directly owned 993,037 shares in the company, valued at $14,210,359.47. The trade was a 7.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is currently owned by company insiders.

Institutional Trading of Asana

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after buying an additional 2,328 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Asana by 40.9% during the first quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after acquiring an additional 7,381 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Asana by 14.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock worth $3,770,000 after purchasing an additional 32,708 shares during the last quarter. Blue Trust Inc. boosted its stake in Asana by 13.7% in the 2nd quarter. Blue Trust Inc. now owns 26,638 shares of the company’s stock worth $360,000 after purchasing an additional 3,216 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Asana during the 2nd quarter valued at about $649,000. 26.21% of the stock is owned by institutional investors.

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.