Asana (NYSE:ASAN) Sets New 52-Week Low – What’s Next?

Shares of Asana, Inc. (NYSE:ASAN) hit a new 52-week low on Thursday . The stock traded as low as $10.22 and last traded at $10.5550, with a volume of 1781311 shares traded. The stock had previously closed at $11.11.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ASAN. BTIG Research assumed coverage on shares of Asana in a report on Tuesday, December 16th. They set a “neutral” rating for the company. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. KeyCorp upgraded shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a research report on Monday, December 15th. DA Davidson cut their price objective on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada cut their price target on shares of Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.11.

Asana Price Performance

The stock has a fifty day moving average of $13.01 and a two-hundred day moving average of $13.65. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -11.25 and a beta of 0.91. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The company had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. During the same period last year, the firm earned ($0.02) EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, equities research analysts anticipate that Asana, Inc. will post -1.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Anne Raimondi sold 76,093 shares of Asana stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the completion of the transaction, the chief operating officer directly owned 764,178 shares in the company, valued at $11,057,655.66. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total value of $1,197,117.36. Following the completion of the sale, the chief financial officer owned 993,037 shares in the company, valued at $14,210,359.47. This represents a 7.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,127,448 shares of company stock worth $16,825,400. Insiders own 61.28% of the company’s stock.

Hedge Funds Weigh In On Asana

Institutional investors have recently modified their holdings of the company. Inceptionr LLC acquired a new stake in Asana during the second quarter valued at approximately $322,000. Teacher Retirement System of Texas lifted its holdings in Asana by 37.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 113,430 shares of the company’s stock worth $1,531,000 after buying an additional 31,137 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Asana by 73.5% in the second quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock valued at $27,256,000 after acquiring an additional 856,282 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Asana during the 2nd quarter worth approximately $1,984,000. Finally, Fox Run Management L.L.C. acquired a new stake in Asana during the 2nd quarter worth $475,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.