Asana (NYSE:ASAN) Issues FY 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.370-0.370 for the period, compared to the consensus EPS estimate of 0.190. The company issued revenue guidance of $855.0 million-$863.5 million, compared to the consensus revenue estimate of $854.2 million. Asana also updated its Q2 2027 guidance to 0.080-0.090 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ASAN. Wall Street Zen cut Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 19th. UBS Group cut their target price on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Royal Bank Of Canada raised shares of Asana from an “underperform” rating to a “sector perform” rating and set a $7.00 target price on the stock in a report on Wednesday, April 1st. Jefferies Financial Group cut their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.32.

Asana Stock Up 4.3%

Shares of ASAN stock opened at $6.68 on Friday. The stock has a market capitalization of $1.59 billion, a PE ratio of -8.35 and a beta of 0.95. Asana has a 52-week low of $5.38 and a 52-week high of $19.00. The stock’s 50-day moving average price is $6.31 and its 200 day moving average price is $9.39.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative return on equity of 77.05% and a negative net margin of 23.90%.The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Analysts expect that Asana will post -0.53 earnings per share for the current fiscal year.

Insider Activity at Asana

In related news, CFO Sonalee Elizabeth Parekh sold 34,151 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $6.65, for a total value of $227,104.15. Following the transaction, the chief financial officer owned 933,998 shares in the company, valued at $6,211,086.70. The trade was a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Veronica Sosa sold 6,479 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $6.65, for a total value of $43,085.35. Following the completion of the transaction, the chief accounting officer owned 73,722 shares in the company, valued at $490,251.30. This trade represents a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,226 shares of company stock worth $472,065 in the last quarter. Company insiders own 61.28% of the company’s stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana beat Wall Street estimates for Q1, reporting adjusted EPS of $0.10 versus the $0.08 consensus and revenue of about $205.1 million, which was also slightly ahead of expectations. Asana Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Management raised its outlook, guiding Q2 fiscal 2027 EPS to $0.08-$0.09 and full-year EPS to $0.37, both well above analyst forecasts, while revenue guidance also came in modestly above consensus. Asana Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Asana completed its acquisition of Stack AI, a no-code AI workflow platform, which could strengthen its product offering and support its push to become an AI-native workplace platform. Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent Teams
• Neutral Sentiment: Investors are also parsing the earnings call transcript for details on margins, AI monetization, and execution after the quarter’s mixed profitability picture. Asana (ASAN) Q1 2027 Earnings Transcript
• Negative Sentiment: Despite the beat, Asana still posted a net loss and negative operating margin, so investors may remain cautious about how quickly the company can translate growth and AI initiatives into sustained profitability. Asana’s Q1 results surpass estimates; completes acquisition of StackAI

Hedge Funds Weigh In On Asana

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new position in Asana during the 4th quarter worth approximately $50,000. Daiwa Securities Group Inc. increased its position in 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 purchasing an additional 1,706 shares during the period. Headlands Technologies LLC acquired a new position in Asana during the 2nd quarter worth approximately $90,000. Creative Planning acquired a new position in Asana during the 3rd quarter worth approximately $141,000. Finally, Renaissance Technologies LLC acquired a new position in Asana during the 4th quarter worth approximately $146,000. 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.