Morgan Stanley Lowers Asana (NYSE:ASAN) Price Target to $8.00

Asana (NYSE:ASAN) had its price target lowered by research analysts at Morgan Stanley from $14.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 3.49% from the stock’s previous close.

A number of other research firms also recently weighed in on ASAN. Piper Sandler dropped their target price on Asana from $14.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Robert W. Baird lowered their price objective on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp reduced their target price on shares of Asana from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, BTIG Research started coverage on shares of Asana in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.46.

Asana Stock Performance

NYSE ASAN opened at $7.73 on Tuesday. Asana has a 52-week low of $6.51 and a 52-week high of $19.12. The company has a fifty day moving average of $10.17 and a 200-day moving average of $12.54. The company has a market capitalization of $1.83 billion, a P/E ratio of -9.66 and a beta of 1.01. 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 (NYSE:ASAN) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Asana had a negative return on equity of 71.50% and a negative net margin of 23.90%.The business had revenue of $205.57 million for the quarter, compared to the consensus estimate of $205.13 million. The business’s revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 76,093 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. The trade was a 80.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,127,448 shares of company stock worth $16,825,400. 61.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASAN. FNY Investment Advisers LLC purchased a new position in shares of Asana during the 3rd quarter worth approximately $27,000. Jones Financial Companies Lllp increased its holdings in shares of Asana by 137.7% during the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after acquiring an additional 1,427 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Asana by 119.7% during 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Asana during the fourth quarter valued at approximately $50,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Asana by 64.0% in 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 last quarter. 26.21% of the stock is currently owned by institutional investors.

Trending Headlines about Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat on EPS, revenue growth and operating swing to profit — Asana reported a $0.08 EPS (vs. $0.07 consensus), revenue grew ~9% year‑over‑year and operating income swung toward profitability, supporting the stock move higher. Read More.
• Positive Sentiment: FY‑27 revenue target and AI focus — Management outlined a FY‑27 revenue target of up to $858M and emphasized expansion of its AI platform, which supports medium‑term revenue growth potential if adoption accelerates. Read More.
• Positive Sentiment: New CFO named — Asana has appointed Megji as CFO, which reduces near‑term leadership uncertainty after the prior CFO’s exit. Management highlighted continuity plans. Read More.
• Neutral Sentiment: Guidance largely in line but revenue a touch soft — Q1 EPS guidance (0.070–0.080) and FY‑27 EPS (0.360–0.370) were essentially in line with consensus, while FY revenue and Q1 revenue ranges were at or just below street estimates — a mixed read for near‑term top‑line growth. Read More.
• Negative Sentiment: CFO turnover — The outgoing CFO resigned after under two years, raising governance and execution concerns until the new CFO is fully integrated. Read More.
• Negative Sentiment: Multiple analyst price‑target cuts and downgrades — Several firms (UBS, Morgan Stanley, RBC, Piper Sandler, Robert W. Baird and others) have trimmed targets and lowered ratings this week, reflecting skepticism on Asana’s growth trajectory and fueling selling pressure. Read More.

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.