Asana (NYSE:ASAN) Issues Q3 2027 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its third quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.080-0.080 for the period, compared to the consensus EPS estimate of 0.050. The company issued revenue guidance of $217.0 million-$219.0 million, compared to the consensus revenue estimate of $218.2 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Trading Up 2.6%

NYSE ASAN traded up $0.25 during mid-day trading on Thursday, reaching $10.05. 10,083,922 shares of the company’s stock traded hands, compared to its average volume of 5,872,639. Asana has a 1-year low of $5.38 and a 1-year high of $15.71. The company has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $7.34. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -14.57 and a beta of 0.95.

Asana (NYSE:ASAN) last announced its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.Asana’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Equities research analysts forecast that Asana will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ASAN has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price target on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Citizens Jmp restated a “market outperform” rating and set a $15.00 price objective on shares of Asana in a research note on Tuesday, July 7th. DA Davidson reaffirmed a “neutral” rating and set a $8.00 target price on shares of Asana in a report on Friday, May 29th. Finally, KeyCorp lowered their price target on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.27.

Insider Buying and Selling

In other Asana news, CEO Daniel Rogers sold 13,790 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total transaction of $95,013.10. Following the completion of the transaction, the chief executive officer directly owned 1,891,990 shares of the company’s stock, valued at $13,035,811.10. The trade was a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Colendich sold 5,242 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.68, for a total transaction of $35,016.56. Following the completion of the transaction, the insider owned 176,598 shares of the company’s stock, valued at approximately $1,179,674.64. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 119,959 shares of company stock valued at $809,325. 87.54% of the stock is owned by corporate insiders.

More Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Quarterly results exceeded expectations: Asana reported earnings of $0.10 per share versus the $0.09 consensus estimate, while revenue of $216.43 million topped expectations of $214.15 million. Earnings also improved from $0.06 per share a year earlier. Asana Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year guidance was raised above analyst expectations: Asana forecast fiscal 2027 earnings of $0.37 per share, compared with the $0.22 consensus estimate. Full-year revenue guidance of $858.5 million to $863.5 million was broadly in line with the $860.7 million consensus. Asana Q2 2027 Earnings and Guidance
• Neutral Sentiment: Management cited improving business momentum: Asana said retention is strengthening, its upmarket sales strategy is accelerating, and demand for its artificial-intelligence products is gaining traction across industries and geographies. Asana Announces Second Quarter Fiscal 2027 Results
• Negative Sentiment: Near-term outlook disappointed some investors: Third-quarter revenue guidance of $217 million to $219 million was essentially in line with the $218.2 million consensus, while adjusted EPS guidance of $0.08 exceeded the $0.05 estimate. Despite the EPS beat, reports characterized the outlook as soft, prompting selling in extended trading. Asana Stock Outlook Disappoints

Hedge Funds Weigh In On Asana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after acquiring an additional 977,107 shares in the last quarter. Marshall Wace LLP grew its position in Asana by 35.1% in the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after buying an additional 689,546 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Asana by 12.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock worth $71,492,000 after acquiring an additional 565,681 shares during the period. Federated Hermes Inc. raised its holdings in Asana by 94.7% during the fourth quarter. Federated Hermes Inc. now owns 804,743 shares of the company’s stock worth $11,033,000 after purchasing an additional 391,412 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in Asana by 276.2% during the 4th quarter. Trexquant Investment LP now owns 489,091 shares of the company’s stock valued at $6,705,000 after purchasing an additional 359,085 shares in the last quarter. 26.21% of the stock is owned by institutional investors.

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.