Asana (ASAN) Expected to Announce Earnings on Tuesday

Asana (NYSE:ASAN - Get Free Report) is expected to post its Q1 2026 quarterly earnings results after the market closes on Tuesday, June 3rd. Analysts expect Asana to post earnings of $0.02 per share and revenue of $185.40 million for the quarter.

Asana Trading Down 1.6%

Shares of NYSE ASAN traded down $0.29 during trading hours on Friday, reaching $17.90. The stock had a trading volume of 2,374,014 shares, compared to its average volume of 2,766,114. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of -15.98 and a beta of 1.21. The business's fifty day moving average price is $16.17 and its two-hundred day moving average price is $18.22. Asana has a 52-week low of $11.05 and a 52-week high of $27.77.

Insider Transactions at Asana

In other news, Director Justin Rosenstein sold 25,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the transaction, the director now directly owns 922,309 shares of the company's stock, valued at approximately $11,888,563.01. This represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dustin A. Moskovitz purchased 225,000 shares of Asana stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $12.91 per share, for a total transaction of $2,904,750.00. Following the completion of the transaction, the chief executive officer now owns 48,123,436 shares of the company's stock, valued at approximately $621,273,558.76. This represents a 0.47% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,074,507 shares of company stock valued at $30,025,743. Corporate insiders own 61.28% of the company's stock.

Hedge Funds Weigh In On Asana

A number of large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Asana by 14.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company's stock worth $3,770,000 after purchasing an additional 32,708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Asana by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company's stock valued at $707,000 after acquiring an additional 2,328 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Asana by 40.9% in the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company's stock valued at $371,000 after acquiring an additional 7,381 shares during the period. 26.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Scotiabank lowered their price target on Asana from $18.00 to $12.00 and set a "sector perform" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price target on Asana from $15.00 to $13.00 and set an "underweight" rating for the company in a report on Tuesday, March 11th. Bank of America reduced their price objective on shares of Asana from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Robert W. Baird reduced their price objective on shares of Asana from $23.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group reduced their price objective on shares of Asana from $19.00 to $15.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.53.

Asana Company Profile

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.