Asana (NYSE:ASAN) Reaches New 1-Year Low – Here’s Why

Asana, Inc. (NYSE:ASAN)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.91 and last traded at $9.2340, with a volume of 7262756 shares. The stock had previously closed at $9.91.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ASAN shares. KeyCorp upgraded Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Monday, December 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. BTIG Research started coverage on shares of Asana in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. DA Davidson cut their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, Piper Sandler lowered their price target on shares of Asana from $19.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.75.

Asana Price Performance

The company has a market cap of $2.19 billion, a PE ratio of -9.93 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $12.83 and a 200-day simple moving average of $13.52.

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

Insider Activity

In other Asana news, Director Justin Rosenstein sold 850,233 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the completion of the sale, the director owned 210,398 shares of the company’s stock, valued at approximately $3,181,217.76. This trade represents a 80.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total value of $336,983.52. Following the sale, the chief financial officer owned 968,149 shares in the company, valued at $13,108,737.46. The trade was a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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.

Institutional Trading of Asana

A number of institutional investors have recently bought and sold shares of ASAN. Bogart Wealth LLC acquired a new position in Asana during the 2nd quarter valued at approximately $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Asana during the third quarter valued at $27,000. Farther Finance Advisors LLC increased its position in shares of Asana by 119.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after acquiring an additional 1,391 shares during the period. Jones Financial Companies Lllp increased its position 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 valued at $34,000 after acquiring an additional 1,427 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Asana by 64.0% in 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. 26.21% of the stock is currently owned by institutional investors and hedge funds.

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.