Asana, Inc. (NYSE:ASAN) Receives Average Rating of "Hold" from Brokerages

Shares of Asana, Inc. (NYSE:ASAN - Get Free Report) have received a consensus rating of "Hold" from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.9667.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $10.00 price objective on shares of Asana in a research report on Wednesday, June 4th. Bank of America dropped their price target on Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $22.00 price target on shares of Asana in a research note on Wednesday, June 4th. Finally, KeyCorp restated a "sector weight" rating on shares of Asana in a research note on Wednesday, June 4th.

Insider Activity at Asana

In other news, Director Justin Rosenstein sold 966,576 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $15.04, for a total value of $14,537,303.04. Following the transaction, the director owned 4,797,091 shares of the company's stock, valued at $72,148,248.64. This represents a 16.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dustin A. Moskovitz acquired 225,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were bought at an average price of $13.58 per share, for a total transaction of $3,055,500.00. Following the transaction, the chief executive officer owned 51,711,191 shares in the company, valued at approximately $702,237,973.78. This represents a 0.44% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 4,805,564 shares of company stock worth $68,126,371 and sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asana

A number of large investors have recently modified their holdings of ASAN. Voya Investment Management LLC grew its position in Asana by 8.1% during the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company's stock valued at $254,166,000 after acquiring an additional 937,726 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Asana by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company's stock valued at $155,261,000 after purchasing an additional 475,100 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Asana by 104.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company's stock valued at $56,173,000 after purchasing an additional 2,126,683 shares during the last quarter. Geode Capital Management LLC raised its position in Asana by 13.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company's stock worth $29,080,000 after purchasing an additional 263,601 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in Asana by 25.6% in the fourth quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company's stock worth $43,574,000 after purchasing an additional 438,057 shares during the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.

Asana Trading Down 0.8%

Shares of NYSE:ASAN traded down $0.1150 during mid-day trading on Monday, hitting $13.5650. The company had a trading volume of 1,299,369 shares, compared to its average volume of 3,427,462. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.47. Asana has a one year low of $11.05 and a one year high of $27.77. The firm has a fifty day moving average price of $14.00 and a 200 day moving average price of $16.07. The company has a market capitalization of $3.19 billion, a PE ratio of -13.57 and a beta of 1.14.

Asana (NYSE:ASAN - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $187.63 million during the quarter, compared to analyst estimates of $185.40 million. Asana had a negative return on equity of 87.78% and a negative net margin of 31.38%.The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. Asana has set its FY 2026 guidance at 0.220-0.220 EPS. Q2 2026 guidance at 0.040-0.050 EPS. As a group, research analysts forecast that Asana will post -1.09 EPS for the current year.

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.