Asana, Inc. (NYSE:ASAN) Receives $9.27 Average PT from Analysts

Shares of Asana, Inc. (NYSE:ASAN) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.2727.

A number of analysts have commented on ASAN shares. UBS Group reaffirmed a “neutral” rating and set a $8.00 price target on shares of Asana in a research report on Friday, May 29th. Piper Sandler reissued a “neutral” rating and set a $7.00 price objective (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. Morgan Stanley cut their price objective on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Asana from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th.

Asana Trading Down 0.2%

Shares of ASAN opened at $6.91 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of -10.01 and a beta of 1.02. The firm’s fifty day simple moving average is $6.74 and its two-hundred day simple moving average is $8.87. Asana has a 12 month low of $5.38 and a 12 month high of $15.71.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. 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.

Insider Activity

In other news, CFO Sonalee Elizabeth Parekh sold 18,717 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $6.62, for a total transaction of $123,906.54. Following the transaction, the chief financial officer owned 915,281 shares of the company’s stock, valued at $6,059,160.22. This represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 61.28% of the stock is owned by company insiders.

Institutional Trading of Asana

Several hedge funds have recently bought and sold shares of ASAN. FNY Investment Advisers LLC bought a new stake in Asana during the 3rd quarter valued at $27,000. Jones Financial Companies Lllp increased its stake in Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,427 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Asana during the 4th quarter valued at $50,000. Daiwa Securities Group Inc. increased its stake in Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock valued at $34,000 after purchasing an additional 5,002 shares in the last quarter. 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.