Brokerages Set Asana, Inc. (NYSE:ASAN) PT at $9.27

Shares of Asana, Inc. (NYSE:ASAN) have earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.2727.

Several research analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Asana in a report on Friday, May 29th. Citigroup restated a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. Zacks Research raised Asana from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Piper Sandler reiterated a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. Finally, KeyCorp decreased their price target on Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, May 29th.

Insider Buying and Selling at Asana

In other news, insider Katie Marie Colendich sold 8,337 shares of Asana stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $6.74, for a total transaction of $56,191.38. Following the completion of the sale, the insider owned 181,840 shares in the company, valued at $1,225,601.60. The trade was a 4.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Mark Rogers sold 26,975 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total transaction of $179,653.50. Following the sale, the chief executive officer owned 1,905,780 shares of the company’s stock, valued at $12,692,494.80. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 118,304 shares of company stock worth $792,775 over the last quarter. Company insiders own 87.54% of the company’s stock.

Institutional Trading of Asana

A number of hedge funds have recently modified their holdings of the company. Vident Advisory LLC increased its holdings in Asana by 4.3% during the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after purchasing an additional 930 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Asana by 7.8% in the fourth quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock valued at $225,000 after purchasing an additional 1,188 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after buying an additional 1,706 shares during the period. Blue Trust Inc. boosted its position in shares of Asana by 7.2% during 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after buying an additional 2,328 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Stock Performance

Shares of ASAN opened at $9.26 on Monday. The stock has a fifty day moving average price of $7.59 and a two-hundred day moving average price of $7.36. Asana has a 52-week low of $5.38 and a 52-week high of $15.71. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -13.41 and a beta of 0.93.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm had revenue of $205.09 million for the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’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, research analysts predict that Asana will post -0.4 EPS for the current fiscal year.

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.