Asana, Inc. (NYSE:ASAN) Receives $15.75 Average Target Price from Analysts

Shares of Asana, Inc. (NYSE:ASAN) have been given an average recommendation of “Hold” by the seventeen research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.75.

ASAN has been the topic of a number of analyst reports. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Royal Bank Of Canada reduced their target price on Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, January 5th. DA Davidson dropped their price target on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. KeyCorp raised 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. Finally, BTIG Research began coverage on shares of Asana in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock.

Insider Buying and Selling

In other Asana news, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the sale, the chief operating officer owned 702,013 shares of the company’s stock, valued at approximately $10,045,806.03. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 850,233 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This trade represents a 80.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,127,448 shares of company stock worth $16,825,400. Corporate insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

A number of hedge funds have recently made changes to their positions in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Asana by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after purchasing an additional 2,328 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Asana by 40.9% during the first quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after buying an additional 7,381 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Asana by 14.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after acquiring an additional 32,708 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Asana by 13.7% in the 2nd quarter. Blue Trust Inc. now owns 26,638 shares of the company’s stock valued at $360,000 after acquiring an additional 3,216 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Asana during the 2nd quarter valued at $649,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Price Performance

Shares of ASAN opened at $7.47 on Monday. The stock has a market capitalization of $1.77 billion, a P/E ratio of -8.03 and a beta of 0.95. Asana has a twelve month low of $7.17 and a twelve month high of $24.50. The company has a 50 day moving average of $12.27 and a 200-day moving average of $13.26. 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 issued its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, topping 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 business had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. During the same period in the previous year, the company earned ($0.02) earnings per share. The firm’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. As a group, equities research analysts forecast that Asana will post -1.09 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.