Asana’s (ASAN) Market Outperform Rating Reaffirmed at Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of Asana (NYSE:ASAN) in a report published on Friday morning,Benzinga reports. They currently have a $15.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. DA Davidson reissued a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. Royal Bank Of Canada raised their target price on Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Friday. KeyCorp reduced their price target on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Robert W. Baird lowered their price target on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Asana presently has an average rating of “Hold” and an average target price of $10.96.

Asana Stock Performance

Shares of ASAN stock opened at $7.68 on Friday. The company has a market capitalization of $1.83 billion, a P/E ratio of -11.13 and a beta of 0.95. Asana has a fifty-two week low of $5.38 and a fifty-two week high of $19.00. The stock has a 50 day moving average price of $6.33 and a two-hundred day moving average price of $9.38.

Asana (NYSE:ASAN) last issued its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 69.20%. The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $203.58 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. As a group, equities analysts predict that Asana will post -0.53 earnings per share for the current year.

Insider Activity at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 34,151 shares of Asana stock in a transaction on Friday, March 20th. The stock was sold at an average price of $6.65, for a total transaction of $227,104.15. Following the completion of the transaction, the chief financial officer owned 933,998 shares in the company, valued at approximately $6,211,086.70. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katie Marie Colendich sold 7,304 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $7.42, for a total value of $54,195.68. Following the completion of the sale, the insider directly owned 108,214 shares in the company, valued at $802,947.88. This trade represents a 6.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,226 shares of company stock valued at $472,065 in the last 90 days. Corporate insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Several institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in Asana by 1,162.2% during the 3rd quarter. Federated Hermes Inc. now owns 413,331 shares of the company’s stock valued at $5,522,000 after purchasing an additional 380,583 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Asana by 7.2% in the fourth quarter. Blue Trust Inc. now owns 29,599 shares of the company’s stock worth $406,000 after buying an additional 1,993 shares in the last quarter. Archford Capital Strategies LLC purchased a new stake in shares of Asana during the fourth quarter valued at approximately $411,000. Diversified Trust Co. grew its holdings in shares of Asana by 12.4% during 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 during the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Asana by 6.8% during the fourth quarter. 180 Wealth Advisors LLC now owns 12,489 shares of the company’s stock valued at $171,000 after acquiring an additional 798 shares in the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported first-quarter fiscal 2027 earnings and revenue that beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of about $205.1 million, up 9.5% year over year. Asana Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: The company raised its outlook for Q2 and full-year fiscal 2027, with guidance coming in above Wall Street estimates, which suggests management is seeing improving momentum. Asana Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Asana completed its acquisition of StackAI, a no-code AI workflow platform, reinforcing its push to become an AI-native workplace platform and potentially broadening future automation use cases. Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent Teams
• Positive Sentiment: Several brokerages remained constructive, including Citizens JMP reiterating an outperform rating and Citigroup still rating the stock a buy, even after trimming its price target. Analyst rating updates
• Neutral Sentiment: Asana announced upcoming presentations at investor events, which could help keep the stock in focus but does not change fundamentals on its own. Asana to Present at Upcoming Investor Events
• Neutral Sentiment: Bearish analyst commentary also appeared, including Morgan Stanley cutting its target to $7 and maintaining an underweight rating, reflecting lingering concerns about valuation and growth durability. Morgan Stanley price target update

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.