Asana (NYSE:ASAN) Issues Q2 2027 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.080-0.090 for the period, compared to the consensus EPS estimate of 0.040. The company issued revenue guidance of $213.0 million-$215.0 million, compared to the consensus revenue estimate of $212.0 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Stock Performance

Shares of ASAN traded up $0.27 on Thursday, hitting $6.68. 10,748,554 shares of the stock traded hands, compared to its average volume of 6,015,485. The company has a market capitalization of $1.59 billion, a PE ratio of -8.35 and a beta of 0.95. The business has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $9.43. Asana has a one year low of $5.38 and a one year high of $19.00.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $205.10 million during the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 23.90% and a negative return on equity of 77.05%. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, equities analysts expect that Asana will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ASAN shares. Jefferies Financial Group reduced their price target on shares of Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research report on Friday, May 8th. UBS Group reduced their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, KeyCorp dropped 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, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.32.

Insider Buying and Selling

In related news, CAO Veronica Sosa sold 6,479 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $6.65, for a total value of $43,085.35. Following the sale, the chief accounting officer owned 73,722 shares in the company, valued at approximately $490,251.30. This trade represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 18,717 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $6.62, for a total transaction of $123,906.54. Following the completion of the sale, the chief financial officer owned 915,281 shares in the company, valued at $6,059,160.22. This represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 70,226 shares of company stock worth $472,065. 61.28% of the stock is owned by insiders.

More Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana beat Q1 EPS expectations, reporting $0.10 versus the $0.08 consensus, while revenue came in at $205.1 million, slightly above estimates. Stronger-than-expected operating cash flow also helped support the bullish reaction. Article Title
• Positive Sentiment: The company raised second-quarter FY2027 guidance to EPS of $0.08-$0.09 and revenue of $213 million-$215 million, both above Wall Street expectations, signaling improving near-term momentum. Article Title
• Positive Sentiment: Asana also lifted full-year FY2027 guidance to EPS of $0.37 and revenue of $855 million-$863.5 million, topping consensus and reinforcing confidence in the company’s growth and profitability trajectory. Article Title
• Neutral Sentiment: Asana announced the acquisition of Stack AI, a no-code AI workflow platform. The deal could strengthen its AI product strategy over time, but the immediate stock impact is less clear. Article Title
• Negative Sentiment: Despite the upbeat results, Q1 revenue was still only modestly ahead of estimates and the company remains unprofitable, with a widened operating loss and negative net margin. Article Title

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Asana during the 4th quarter worth $50,000. Daiwa Securities Group Inc. boosted its stake in shares of Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Asana during the 2nd quarter worth $90,000. Creative Planning purchased a new position in shares of Asana during the 3rd quarter worth $141,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Asana during the 4th quarter worth $146,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana Company Profile

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.