Robert W. Baird Issues Pessimistic Forecast for Asana (NYSE:ASAN) Stock Price

Asana (NYSE:ASAN) had its price target reduced by stock analysts at Robert W. Baird from $16.00 to $9.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 16.43% from the stock’s previous close.

ASAN has been the subject of a number of other research reports. HSBC set a $8.00 target price on Asana in a research report on Friday, February 13th. UBS Group reduced their price target on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 target price for the company in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. Finally, Citigroup upgraded shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.46.

Asana Stock Up 3.9%

ASAN opened at $7.73 on Tuesday. Asana has a one year low of $6.51 and a one year high of $19.12. The company has a fifty day moving average price of $10.17 and a 200-day moving average price of $12.54. 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 firm has a market capitalization of $1.83 billion, a P/E ratio of -9.66 and a beta of 1.01.

Asana (NYSE:ASAN) last announced its earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $205.57 million for the quarter, compared to analyst estimates of $205.13 million. Asana had a negative return on equity of 71.50% and a negative net margin of 23.90%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts expect that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Activity at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total value of $336,983.52. Following the transaction, the chief financial officer directly owned 968,149 shares in the company, valued at approximately $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Anne Raimondi sold 62,165 shares of Asana stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total value of $889,581.15. Following the transaction, the chief operating officer owned 702,013 shares in the company, valued at $10,045,806.03. This trade represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,127,448 shares of company stock worth $16,825,400. 61.28% of the stock is owned by insiders.

Hedge Funds Weigh In On Asana

A number of hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Asana in the third quarter worth about $27,000. Farther Finance Advisors LLC increased its position in Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after purchasing an additional 1,391 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Asana by 137.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after buying an additional 1,427 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Asana during the fourth quarter valued at approximately $50,000. Finally, Daiwa Securities Group Inc. raised its holdings in Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after buying an additional 1,706 shares during the period. 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.