Asana (ASAN) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Asana (ASAN) is expected to release its Q2 2026 earnings on September 3rd, with analysts forecasting earnings of $0.05 per share and revenue of $193 million.
• The company's previous earnings report showed a positive performance, with earnings per share exceeding expectations and an 8.6% year-over-year revenue increase.
• Asana's stock has seen varying analyst ratings, with price targets being adjusted recently, reflecting a generally neutral outlook with one "Strong Buy" rating and several “Buy” and "Hold" ratings.

Asana (NYSE:ASAN - Get Free Report) is anticipated to announce its Q2 2026 results after the market closes on Wednesday, September 3rd. Analysts expect the company to announce earnings of $0.05 per share and revenue of $193.0070 million for the quarter. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS.Investors may review the information on the company's upcoming Q2 2026 earningreport for the latest details on the call scheduled for Wednesday, September 3, 2025 at 4:30 PM ET.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.The business had revenue of $187.63 million during the quarter, compared to analyst estimates of $185.40 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Asana's revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect Asana to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Asana Stock Performance

NYSE:ASAN opened at $14.03 on Wednesday. The stock has a 50-day simple moving average of $14.05 and a two-hundred day simple moving average of $15.82. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $3.30 billion, a PE ratio of -14.03 and a beta of 1.14.

Analyst Ratings Changes

Several analysts have issued reports on ASAN shares. UBS Group boosted their price target on Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Robert W. Baird boosted their price target on Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 4th. Piper Sandler upped their price objective on Asana from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen lowered Asana from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Asana currently has an average rating of "Hold" and an average price target of $15.97.

Insider Buying and Selling

In other Asana news, Director Justin Rosenstein sold 966,576 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total transaction of $14,537,303.04. Following the completion of the transaction, the director owned 4,797,091 shares in the company, valued at $72,148,248.64. This trade represents a 16.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dustin A. Moskovitz purchased 225,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were purchased at an average price of $13.58 per share, with a total value of $3,055,500.00. Following the acquisition, the chief executive officer directly owned 51,711,191 shares in the company, valued at $702,237,973.78. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 5,375,000 shares of company stock valued at $75,920,894 and have sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asana

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Asana by 22.7% during the 2nd quarter. Bank of America Corp DE now owns 576,390 shares of the company's stock valued at $7,781,000 after buying an additional 106,756 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Asana by 14.5% during 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 buying an additional 32,708 shares in the last quarter. Sei Investments Co. purchased a new position in Asana during the 2nd quarter valued at approximately $2,169,000. Canada Pension Plan Investment Board grew its holdings in Asana by 12.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 122,400 shares of the company's stock valued at $1,652,000 after buying an additional 13,200 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Asana by 36.4% during the 2nd quarter. Invesco Ltd. now owns 75,249 shares of the company's stock valued at $1,016,000 after buying an additional 20,101 shares in the last quarter. Hedge funds and other institutional investors own 26.21% of the company's stock.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.

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